Post
Topic
Board Beginners & Help
Re: what will happen after 21 million bitcoins are mined? (in layman's terms)
by
AGD
on 23/09/2022, 05:58:38 UTC
Earning by fees will be the motivation to run miners long before the last few Bitcoins are mined. The last block reward will be 1 Satoshi for about 4 years.

Just thinking about what will be the price of BTC by then. 1 satoshi for 4 years is insanely low if the price of BTC hasn't reached an insane figure of numbers. I won't be there by that time but I am happy with what I have right now and felt lucky to see the raise of giants which will change the economy of our society for the next hundreds of years.

I guess no one will think about setting up miners to earn 1 satoshi (divided to all the miners in a pool!), but the fees, which are now at about 1-2 BTC per block.