Cryptocurrency Q&A
What happens when you can't mine Bitcoin?
What happens when you can't mine Bitcoin?
noah_smith_researcher
Tue Dec 17 2024
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5 answers
960
I'm wondering about the scenario where Bitcoin mining becomes impossible. What are the potential consequences or outcomes in such a situation? I'm curious to know how the cryptocurrency market and its users might be affected.
5 answers
Nicola
Thu Dec 19 2024
Bitcoin miners, who previously earned income from generating new bitcoins, will need to find alternative sources of income.
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SamuraiBrave
alexander_jackson_athlete
Thu Dec 19 2024
One such source is transaction fees. As the number of Bitcoin transactions increases, so too will the fees paid by users.
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CherryBlossomFalling
Thu Dec 19 2024
Once this limit is reached, no more bitcoins will be generated.
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BonsaiVitality
Thu Dec 19 2024
This means that the total number of bitcoins in circulation will remain fixed.
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