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What will happen when the last Bitcoin is mined? Will it all expire in 2140?
Pardon my ignorance as this may be common information to most of you, but this question has burned in my mind since I started investing in Bitcoin about 4 years ago, and I don't think I ever received a satisfactory answer. We can all agree mining is expensive and energy consuming, while more Bitcoins are produced mining rigs costs get covered. What will happen to the ledger when last Bitcoin is mined in 2140? (estimated year when all 21 million Bitcoins will get mined - got this from various sources) Will no one mine any longer? Will mining be less expensive once technology advances? Will it all expire?
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So butters are loving this billboard because it represents the mantra they repeat: “bitcoin can’t be printed out of nothing except mining”. Aren’t exchanges blowing up left and right by doing just that? Claiming reserves they don’t have? What innovation is around the corner that will fix this?
bitcoin: slow, Chinese mining pools, energy consumption, not a safe haven, not a store of value. The bitcoin narrative is being eroded every day since this drop. So what is it great for?
Payments? Way to many better cryptos out there for that. Im tired of the BTC maxis saying bitcoin is made for this liquidity crunch. Its simply a speculative asset. Thats it, the space has moved too far ahead. That being said, I hodl and I think this is going to pump hard. If this is a truly manipulated market there has never been a time like right now for the manipulators to push this market up and drag money into the crypto sphere.
08-06 16:07 - 'What about Litecoin? Unlike XRP, Litecoin is mined, halved, and has a known max supply that isn’t held or premined by a company. It’s also about to roll out Mimble Wimble, which I think will make its btc ratio pop up. I’m...' by /u/WocketMan0351 removed from /r/Bitcoin within 3-13min
''' What about Litecoin? Unlike XRP, Litecoin is mined, halved, and has a known max supply that isn’t held or premined by a company. It’s also about to roll out Mimble Wimble, which I think will make its btc ratio pop up. I’m thinking about buying some Litecoin until the btc/ltc ratio pops and then selling to get more btc. Thoughts? ''' Context Link Go1dfish undelete link unreddit undelete link Author: WocketMan0351
Everyone is talking about Bitcoin Halving. Miners in 2009 received 50 BTC for mining each block but now it's going to be 6.25! We saw a huge price change after the last two halvings. Ahead of 3rd Bitcoin Halving, what is your expectations, what is going to happen?
I have an intel core i7-7700T and a GeForce GTX 1070 8GB, LPX Vengance 2400MHz RAM, but I’m looking to upgrade everything later on.. what motherboard should I get? I’ve got a bad bitcoin mining motherboard and this stuff is the best it can handle (2400mhz and i7 max)
I have two "ASICMINER Block Erupter 333MH/s ASIC USB BTC Bitcoin Miner SHA256" can somebody help me on what software do i need that will use these usb asics and mine bitcoin or any other crypto coin. (i don't care if is it profitable orn not)
Bitcoin mining is the process by which new bitcoins are entered into circulation, but it is also a critical component of the maintenance and development of the blockchain ledger. Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. How Bitcoin Mining Works. Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. Get the software for bitcoin mining. Only through bitcoin mining software, the miner can fastener their mining hardware to the preferred mining pool. Software is required to point the hash rate at the mining pool. Make sure bitcoin mining is legal in your area. In most countries, bitcoin mining is legal, but it is better to consult the local ... The result of “bitcoin mining” is twofold. First, when computers solve these complex math problems on the Bitcoin network, they produce new bitcoin, not unlike when a mining operation extracts ...
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