Post
Topic
Board Bitcoin Discussion
Re: If the mining profits decrease, will Bitcoin end?
by
Gutierez
on 09/01/2017, 13:54:11 UTC
At the moment the miners for a block are awarded 12.5 BTC. Every 4 years this value will fall by half. For example, let's imagine that the prize value is 1.5 BTC for each block and that BTC's value against the dollar does not increase. In such a case, mining will not be very profitable.

At the same time, miners are also benefiting from the value of the fee. This time the fee values will increase. Then people will have to pay a high fee for bitcoin transfer. The biggest advantage of the Bitcoin system against banking systems was that they could shop without paying commissions to any brokerage house. If this happens, can bitcoin preference be reduced?

I don't think so. when the mining reward decreases and the supply source of bitcoin will be less well, The price must be higher due to the law of demand  and supply or  the transaction fees must increase highly and Bitcoin must be alive.