In the year 2140, a monumental event is set to unfold in the world of cryptocurrencies: the completion of Bitcoin mining. As the last of the 21 million Bitcoins is mined, the digital landscape will witness a paradigm shift. With no new supply, scarcity will drive demand, potentially skyrocketing the value of existing Bitcoins. This landmark moment will reshape the financial ecosystem, leading to new investment strategies and economic models. Brace yourself for the remarkable transformation of the cryptocurrency realm as we know it.
With the conclusion of Bitcoin mining in 2140, miners will rely solely on transaction fees to sustain their operations ?
While bitcoin mining inductions pay off no more than 2 or three years, and if the miner has a ready place for mining, where you can quickly connect an ASIC without investment, then the ASIC can be boiled down in 12 months or 15 months, which depends on the cost of electricity. I don't know miners who plan investments for 10 years or more.