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Legit question: what's going to happen when bitcoin is no longer produced? Like, there's a finite amount of bitcoin that will ever be mined, and after that, why
by prancer_or_vix 5y ago
Legit question: what's going to happen when bitcoin is no longer produced? Like, there's a finite amount of bitcoin that will ever be mined, and after that, why would anyone keep running their mining operations? How do transactions get verified after that?
Doesn't the entire viability of bitcoin as a currency depend on miners mining?
- vb6sp6 5y agoMiners get the transaction fee in addition to a mining reward. Once the last coin is mined, the reward goes away but the transaction fee remains
- prancer_or_vix 5y agois it still profitable?
- vb6sp6 5y agodepends on the cost of electricity