Looking at the basic fact about the limit of bitcoin according to the protocol for the bitcoin network,it was design with a limit of 21 million coin.
My question now is are cryptocurrency miners be unable to generate new bitcoin after it reach the 21 million coin limit?
Since there are over 19.15 million bitcoins in circulation if am not mistaken.
Bitcoin has limited supply of 21 million but still not total btc in circulation and will be mined gradually upto 2140. Once the supply is reached, there will be no way for miners to generate more new bitcoin. In 2009 for the first time every miner will earned 50 bitcoin as a reward of adding new block to Blockchain, then 25 bitcoin in 2012, then 12.5 in 2016, 6.25 in 2020, and there will be next halving in 2024, by the time the block rewars get to 0btc which is estimated to be in 2140 and then it will be the end of btc mining.
I have also one question regarding miner benefit after btc mine limit reached, will these mine machine can be used to mine other coins or these will he useless after 21 million reached?