Cryptocurrency Q&A
What happens when Bitcoin is 100% mined?
What happens when Bitcoin is 100% mined?
Rosalia
Sat Dec 07 2024
|
7 answers
1674
I'm wondering about the future of Bitcoin. Specifically, I want to know what will occur when all of the Bitcoin has been mined, reaching 100% completion. Will there be any significant changes or impacts on the market?
7 answers
BlockchainMastermind
Mon Dec 09 2024
This shift is necessary as the block reward, which is currently the main incentive for miners, will eventually diminish to zero.
Was this helpful?
138
41
Maria
Mon Dec 09 2024
The high transaction fees reflect the increasing demand for using the bitcoin network, as well as the limited supply of block space available for processing transactions.
Was this helpful?
331
78
SolitudeSeeker
Mon Dec 09 2024
On April 20, 2024, a significant milestone was reached when transaction fees hit an all-time high.
Was this helpful?
321
74
Andrea
Mon Dec 09 2024
The transaction fees peaked at 1,257.71 BTC on that day, marking a substantial increase in the cost of conducting transactions on the network.
Was this helpful?
95
41
Martino
Mon Dec 09 2024
Once all bitcoins have been mined, miners will shift their focus to transaction fees as the primary source of income for validating and securing the network.
Was this helpful?
83
80
Load 5 more related questions
