Post
Topic
Board Mining
Re: I will Mine Last Bitcoin
by
philipma1957
on 12/05/2021, 20:03:26 UTC
According to Investopedia less than three million Bitcoin have yet to be introduced into circulation. We know that 18.5 bitcoins are mined till now. If I start mining bitcoin today, can I mine the last bitcoin? and what will happen when the last bitcoin mined? What miners will do after mining all coins?

While some say we run out in 2149 due to the multiple 1/2s slowing down the issuance of the remaining 3million coins.  I suspect a push to close out stale wallets will occur at some time after 2059.

Many banks grab your money if you never touch an account.

So the idea of grabbing a stale wallet that has never had any coin removed from it will gain momentum down the road.

To those that say what happens if I want to let it sit and not cash it.  Well duh go to the wallet you let sit for 49 years and mover the coins to a new address.  You are still anonymous  no tax issue as it is only a transfer from 2 addresses you both control.

I most likely will be dead in 2059 but I would be very surprised that grabbing stale/abandoned wallets does not happen.

If it happens and say 1 or 2 million coin are put back into the rewards we could last way past 2149.

Somining the last bitcoin is at least 128 years away but I suspect it won't be for more than 200 or 250 years.