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So, what happens with the mining task after all the bitcoins have been introduced?
by DigitalJack 14y ago
So, what happens with the mining task after all the bitcoins have been introduced?
- AndrewDucker 14y agoMining is also used to register transactions. The miners gain from this by charging a small fee per transaction.
- lmm 14y agoIt follows an exponential decay curve, so we'll never mine the last bitcoin; rather, each year we mine half the ones that are left. (I'm not sure how the quantization works when we do get to the literal last one, but that's many decades away).
- martindale 14y ago2140. Roughly the year we'll hit this point.