The last bitcoin is expected to be mined sometime around the year 2140 . The supply of bitcoin is limited to a final cap of 21 million. This is determined by bitcoin’s source code which was programmed by its creator(s), Satoshi Nakamoto, and cannot be changed.
Read moreIs mining ETH still profitable?
Ethereum mining has emerged as a great way for individuals with powerful graphics cards (GPUs) to make some money while they aren’t using their PC. With congestion on the Ethereum network driving up gas fees, mining profitability has been fairly decent for solo miners although the average profitability has seen a dip .
Read moreWhat happens if miners stop mining?
Originally Answered: What would happen to Bitcoin if no one mined it? If miners stopped mining then bitcoin would die because miners mine new bitcoin but they keep the system running by confirming transactions. If they stop confirming then the system falls apart.
Read moreWhat happens when Bitcoin mining is no longer profitable?
But if Bitcoin mining in the absence of block rewards ceases to be reliably profitable, then some negative outcomes can occur: Miners form cartels : Groups of miners may collude in an attempt to control mining resources and command higher transaction fees.
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