Cryptocurrency Q&A
What happens when Bitcoin mining is no longer profitable?
What happens when Bitcoin mining is no longer profitable?
MysticGlider
Sat Dec 07 2024
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6 answers
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I'm wondering about the scenario where Bitcoin mining becomes unprofitable. What would be the consequences and implications for the Bitcoin network and its miners?
6 answers
CryptoBaron
Mon Dec 09 2024
Miners will then primarily rely on transaction fees to sustain their operations.
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DongdaemunTrend
Mon Dec 09 2024
These fees are earned by verifying and securing blockchain transactions.
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Nicola
Mon Dec 09 2024
After the year 2140, the mining of new Bitcoins will cease, resulting in zero block rewards.
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CherryBlossomGrace
Mon Dec 09 2024
Once all 21 million Bitcoins have been mined, the incentives for miners will undergo a significant transformation.
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GeishaWhisper
Mon Dec 09 2024
Despite this, the Bitcoin network will continue to function seamlessly.
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