Quote from: anushkasachith888 on January 08, 2018, 11:05:50 AM

I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ? Thanks in advance

It's impossible to increase the supply of bitcoin but the fact that bitcoin has limited supply is one of the thing that makes it expensive, if the supply is unlimited then the value of bitcoin will be way lower than now.

Quote from: A.Delaney on January 11, 2018, 03:32:11 AM

Quote from: emuLOAD on January 11, 2018, 01:16:23 AM

Quote from: marcuslong on January 11, 2018, 01:05:16 AM

Quote from: anushkasachith888 on January 08, 2018, 11:05:50 AM

I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ? Thanks in advance

Yes. It is so possible. Actually, Bitcoin mining makes the supply increase. The only thing makes the miners trying to mine moreis because of the Bitcoin's price. They tend to mine many Bitcoins to gain money. They are buying high specifications laptop or computer set in able for them to mine many Bitcoins. But, Always remember that if the supply is limited, The Price is getting higher and higher. This is the advantage of miners. Start mining.

Miners increase available supply to increase _exclusively_ as long as we are below 21 million coins. As mentioned, mining rewards will reach 0 after a few years . because of the way bitcoin works, overall coin creation speed won't change regardless of power of mining.

How many years is a few years?

The last bitcoin will be mined in year 2140, so it's still a long way there and there's a lot of halving before we reach to that point that can make bitcoin value rise even more.