What will happen when Bitcoin mining stops?

Bitcoin Questions and AnswersCategory: General questionsWhat will happen when Bitcoin mining stops?

Chris asked 2 years ago

I wanted to ask about Bitcoin mining. I understand that at some point all Bitcoins will be mined. What will happen then? Won’t this cause a collapse of the whole Bitcoin ecosystem?

1 Answers
Ofir Beigel answered 2 years ago

Hey Chris great question.
When mining stops miners will hopefully still maintain the Bitcoin ecosystem through mining fees attached to Bitcoin transactions. Also, keep in mind that all the Bitcoins will be mined only 100 years from now, so thing will probably change a bit by then :)
In any case this article gives a detailed explanation about this scenario so you can find some more information about it.
Hope this helped!

Bitcoin Video Crash Course 

Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.