What happens when all the bitcoins are mined?

3 answers

• Dec 28, 2021 · 3 years ago
  Once all the bitcoins have been mined, the Bitcoin network will continue to function as usual. Miners will no longer receive block rewards, but they will still earn transaction fees for validating and confirming transactions. The scarcity of new bitcoins may increase the value of existing bitcoins, as there will be no new supply entering the market. This could potentially lead to a rise in the price of bitcoins. However, the Bitcoin network will still rely on miners to secure the network and process transactions. Miners will be incentivized to continue their work through transaction fees and the potential increase in the value of bitcoins.
  647324
• Dec 28, 2021 · 3 years ago
  When all the bitcoins are mined, it doesn't mean that the Bitcoin network will stop working. The network will still be operational, and transactions will continue to be processed. Miners will no longer receive block rewards, but they will still play a crucial role in validating and confirming transactions. The main difference is that their income will primarily come from transaction fees. This transition from block rewards to transaction fees is a natural progression for the Bitcoin network and is designed to ensure its long-term sustainability.
  551184
• Dec 28, 2021 · 3 years ago
  After all the bitcoins have been mined, the Bitcoin network will still function normally. Miners will no longer receive block rewards, but they will continue to validate and confirm transactions. Transaction fees will become the primary source of income for miners. This transition is an important step towards the long-term sustainability of the Bitcoin network. It ensures that miners have a financial incentive to secure the network and process transactions. Additionally, the limited supply of bitcoins may increase their value over time, making them a valuable asset for investment and transactions.
  604151