Re: Bitcoin's Future: What Happens When the Block Reward is Lower Than Fees?
It's hard to predict exactly what will happen, but I'm curious to hear what others think. What do you think will happen when the block reward subsidy is 1.5625 BTC in a little over 5 years?
Next halving 2024Block rewards: 3.12
When bitcoin halved in 2009 the block reward was now 50 btc every 10 minutes. In the evolution of this time, it will decrease by 2024 and stand at 3.25 BTC every 10 minutes. So you can easily imagine that in the near future if the price of Bitcoin does not increase, the block reward will gradually decrease to almost zero. In this situation, the mining cost will increase a lot by combining the power consumption, electricity bill, space consumption etc. As a result, you have to face losses while mining.