Post
Topic
Board Bitcoin Discussion
Re: What will the miner do when 21 million Bitcoins is mined?
by
PsylockReborn
on 11/11/2018, 00:41:46 UTC
Everyone knows the world has a total of 21 million bitcoins and a total of 17 million bitcoins have been mined. So what happens when 21 million bitcoins are exploited?

As far as I know miners have two sources of income when exploiting bitcoin that is:
1. Be rewarded with bitcoin from the number of deals they handle.
2. The main reward: the bitcoin reward, for each bitcoin block to be exploited.

When 21 million Bitcoins are mined, the second source of income will be gone. So how will the bitcoin network do when there are no miners? I do not think that with only a single source of income, it may be profitable for them when the Bitcoin price goes down.

I look forward to receiving an explanation from someone and thanks!

Please take into consideration the law of supply and demand and the difficulty of mining. As we reach to the supply limit the difficulty of mining will increase as well as the value of bitcoin.

Take into consideration as well the number of supporters of this technology. Of course people who are holding huge amount of btc won't just let this technology down. The devs will always find remedy when this happens.