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When the 21 million Bitcoin is mined in the upcoming years ahead, can somebody here explain how transactions will then be processed by miners?
Well I can't say much about that for now but for those that mine is a great advantage for them and am pretty sure they make cool moneyWhen the 21 million Bitcoin is mined in the upcoming years ahead, can somebody here explain how transactions will then be processed by miners?
I really don't understand how mining works in the crypto currency exchange Business so I can't give an accurate answer on how the supply will be when it gets to that stage
When all 21 millions Bitcoins are mined, I guess Bitcoin miners will have to switch to mining other coins because they will have no more Bitcoin to mine. The price will continue to rise because there will be only demand but not more supply
Mining by that time would have gone beyond individual mining... Because if the market cap of bitcoin hit 21million then its mining process will only be handled by a nation...Well I can't say much about that for now but for those that mine is a great advantage for them and am pretty sure they make cool money
@21 million I don't think bitcoin will be available for mining any more rather buying and selling of the coin will take over and in crease in it use case to sustain it.Mining by that time would have gone beyond individual mining... Because if the market cap of bitcoin hit 21million then its mining process will only be handled by a nation...
Mining by that time would have gone beyond individual mining... Because if the market cap of bitcoin hit 21million then its mining process will only be handled by a nation...
I came across a thead that talk about the amount of electricity consumed by bitcoin miners, that's its equivalent to that of some countries like Sweden.Seriously, the truth of the matter is that it's definitely not going to be possible for them to mine up that amount of Bitcoin because it's not really an easy task trying to mine BTC.
I came across a thead that talk about the amount of electricity consumed by bitcoin miners, that's its equivalent to that of some countries like Sweden.
Seriously, ever since I knew about cryptocurrency and how legitimate they are in terms of money, I have never seen any mining ⚒ they pays me in the end after all my progress.
Well for some countries that don't really have any issues with electricity and power supply, they won't have to get bothered when it comes to mining of cryptocurrency.