What happens when 21 million bitcoins are mined?

in bitcoin •  7 years ago 

There are 2 things will happen :


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  ·  7 years ago (edited)

A few very important points are missing in this article.

  1. First not 25 but only 12.5 BTC comes with every new block
  2. Aproximatelly every 4 years the reward for a founded new block decreases by half. The mined supply will stop, when the the reward for for the new bock will be 1 satoshi, (the smallect particle by todays rules ), and the next halving comes. Though not possible to have a half satoshi block reward. Sure, unless the rules change. This will depent on the BTC price those days, and many many more things to happen during next 140 years. No much reasons to speculate about this today.
  3. Bitcoin supply declines EXPONENTIALLY. And while it will take --140 years to reach 1 satoshi block reward, in the last ~40 years of this named period less than ONE single Bitcoin will be mined ALLTOGETHER. 1BTC in a whole world in a long 40 years. !!!

Think about all this

Yes, bitcoin mining will stop after supply limit is reached. Bitcoin as a payment means will continue. Bitcoin is considered hottest online asset.

Congratulations @sandeep126! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!