Post
Topic
Board Bitcoin Discussion
Re: What happens when we hit 21,000,000 bitcoins?
by
eaLiTy
on 31/08/2017, 22:38:51 UTC
What happens when we remove that incentive to "mine" aka "verify transactions" on the blockchain? What I'm basically asking is what happens when we hit 21,000,000 bitcoins from the perspective of the miners?
This is a doubt that has being asked many times here,hope you are aware of the transaction charges with every transaction,right now the block reward is 12.5 bitcoin and with the transaction charges they will be earning around 16 to 20 bitcoin with every block including the transaction charges and after all the coins are mined they will still earn the transaction charges,so it keeps on rolling as long as they have the incentives to run the miners.