transacting when Bitcoin hits supply of 21 million

[Heatman]

Nakamoto Satoshis dream will fulfill. Immediately the coin has reached 21 million mined coins, its mining sits down. And the BTC miners will go mine other coins, and BTC price will increase cos the demand will be higher than the supply.

Seriously, when it comes to cryptocurrency mining I believe that those that have the tools and the knowledge of how to get it done actually benefiting very well from it and it's something that I would like to do but I don't know how to go about it.

 

[Filicit]

Sooner or later, bitcoin is going to reach it's limit total circulating supply and when that happens I don't see much mining happening, just increased processing fee because of the restricted movement then

 

[GIFTMICHAEL]

Seriously, when it comes to cryptocurrency mining I believe that those that have the tools and the knowledge of how to get it done actually benefiting very well from it and it's something that I would like to do but I don't know how to go about it.

Those who are into mining of Cryptocurrency takes their time to learn it just like others are studying book in the education line.

 

[Heatman]

Seriously cryptocurrency my name is something that I'm going to successfully get into I believe it's something that will definitely pay off in the end when you succeed in doing it.

 

[Suba]

When the 21 million Bitcoin is mined in the upcoming years ahead, can somebody here explain how transactions will then be processed by miners?

After Bitcoin hits supply 21 million or has been mined, the transaction will be processed by the miners according to the original program code, namely the miners will continue to confirm the Bitcoin transaction queue by entering it into the blockchain, according to the chronological order of the block chain, neutralizing the network so that it will allow other computers to confirm the transaction. Of course, because Bitcoin has been mined, miners do not get rewards from mining results but will get transaction fees paid in Bitcoin.

 

[Heatman]

Seriously as far as I'm concerned when it comes to cryptocurrency and I don't really want the cryptocurrency bitcoin to ever go out of being in use among all the cryptocurrency that are used today.

 

[Josemendez]

Well , this is something that is quite good to be considered. I believe that when this happens it won't prevent the processing of transactions , I only fear that transaction will be slow to be processed.

 

[tyrim88]

When the capitalisaton of bitcoin mining hits the 21million threshhold,then you can imagine what will then happen to the price of bitcoin then,because miners will no longer be mining and price will skyrocket in value.

 

[Shigobad2020]

I believe when bitcoin minning hit at least twenty one million in the bitcoin mining threshold , the normal bitcoin price will also surge high and increase drastically by then.

When the capitalisaton of bitcoin mining hits the 21million threshhold,then you can imagine what will then happen to the price of bitcoin then,because miners will no longer be mining and price will skyrocket in value.

 

[Ezekiel]

All will say is that it's going to really favour those that are into mining of crypto that is a huge sum of Money,well I can't say how it will be done because I do not involve in it

 

[Sincerem]

It is a nice development. But yet I don't understand how they transact with BTC that has high transaction fee. They should be concentrating in cryptocurrencies with lower transaction fee. It is much more economical.