l know many of us must have read a lot of Bitcoin related topic and articles. What am l even saying? (laughs), there are more than enough blogs about Bitcoin, so we are well endowed with the information we need. With that note taken, l know some of us are aware that bitcoin mining will cease to continue in the year 2140 according to some high predictors.
This means literally means that there will be an automatic stop to production of new bitcoin starting from that date. It is expected that the price of bitcoin will rise high enough to stop miners from verifying transactions without creating new bitcoin.
However, the Miners’ reward will be in form of the transactions fees users pay. So what do you think will happen by them to Bitcoin miners when the pot runs dry?
This means literally means that there will be an automatic stop to production of new bitcoin starting from that date. It is expected that the price of bitcoin will rise high enough to stop miners from verifying transactions without creating new bitcoin.
However, the Miners’ reward will be in form of the transactions fees users pay. So what do you think will happen by them to Bitcoin miners when the pot runs dry?