Post
Topic
Board Bitcoin Discussion
Re: Predictions : Mining of new bitcoins stops tommorow
by
hua_hui
on 05/09/2014, 10:55:32 UTC
What would happen if no new bitcoins are created ?
I'd wait for the next difficulty adjustment, which would make mining FAR easier, then fire up my CPU miner and become a millionaire over night.

Unfortunately for me, your scenario is exactly as absurd as saying, "what would happen if all the banks decided to leave the vaults unlocked & open, and turned the cameras off?"

I believe you misunderstood. I mean bitcoin mining finished , 21 millions are created. Only transaction fees for miners.
when your scenario comes true, accumulated transaction fee may exceed the current mining reward per block. The miners are still rewarded and keep mining to secure the network.