<p>I have read a lot about bitcoin,and It seems by design, That as popularity and usefulness grows that the miners will be paid by transactions fees equal x number of bits by continued mining for the last infinite bitcoin which will never be reached.........by design to go on forever.</p>

CC BY-SA 3.0
2015-07-11T15:41:11.400Z
2015-07-11T16:06:18.477Z
2015-07-11T16:06:18.477Z
Elmo3.1416
<p>I would like to add some other effects not mentioned yet. The income of newly mined bitcoin to miners will get less over time. The costs don't outweigh the benefits, so miners drop out. This results in longer processing time per block. Then it would cause the <a href="https://www.bitcoinmining.com/what-is-bitcoin-mining-difficulty/" rel="nofollow noreferrer">difficulty</a> to drop, making it less expensive to mine a block.</p>

<p>So there won't by a <em>mining stop</em>, there will just be less miners mining against a lower difficulty. At the level where the benefits outweighs the costs. And since the amount of new coins mined is halve every 4 years, the changeover is not abrupt.</p>

<p>Partly this will be compensated by the transaction fee, but people will also be able to change to other crypto-currencies if those provide lower fees. This could effect in a price drop of BTC, which would make it less lucrative for miners to continue, again re-establishing the balance.</p>

<p>Miners don't hold an absolute monopoly.</p>

<p>In real live economy: The consumption of milk is going down, so there are <a href="https://www.foxnews.com/us/dairy-farmers-hit-hard-by-declining-milk-demand" rel="nofollow noreferrer">too many milk farmers</a>. The price of the milk goes down. Some milk farmers won't be able to feed their cows and will close doors. Some of them do things smarter / cheaper and will survive.</p>

CC BY-SA 4.0
2019-06-05T10:16:56.833Z
2019-06-05T10:16:56.833Z
Tim
<p>A surge in transactions would mean a surge in transaction fees. So it does not follow that there would be a massive decline in mining.</p>

<p>In any event, we have about a decade to work out what changes, if any, are needed. Nobody has a crystal ball.</p>

<p>One interesting issue though -- right after a block is mined, all the 'juicy' transactions will be taken, and the available transaction fees will be low. Miners might wait a bit (especially if they can save power/money by pausing mining) until the possible transaction fees reach a higher level. The consequences of that "off and on" surging in mining power need to be considered.</p>

CC BY-SA 3.0
2017-03-24T10:27:18.960Z
"right after a block is mined, all the 'juicy' transactions will be taken" - can you please explain this sentence? What are "juicy transactions" and why the available transaction fees will be low?
Erel Segal-Halevi
CC BY-SA 3.0
2017-04-01T16:54:34.610Z
Juicy transactions are ones with high transaction fees. The miner of the previous block likely will take them.
David Schwartz
CC BY-SA 3.0
2011-10-06T20:36:58.860Z
Surge mining is an interesting concept however I think the behavior of the network won't be uniform.  Some miners maybe operating highly efficient (in terms of watts per block) FPGA or high end custom build cards likely would run 24/7/365.   Sometimes they will get the small blocks but sometimes they won't and as the pending transactions grow more miners join in because it hits their cost/reward ratio.  Likely mining software will be much more sophisticated capable of doing realtime analysis to predict best times to turn on and off based on various factors.
DeathAndTaxes
CC BY-SA 3.0
2011-09-24T01:00:42.087Z
2011-09-24T01:00:42.087Z
David Schwartz
<p>According to Wikipedia, here's a projection of expected future Bitcoin supply:</p>
<p><img src="https://i.sstatic.net/2crBU.png" alt="enter image description here" /></p>
<p>Is there any effect to the dynamics of the system beyond the valuation of Bitcoins?</p>
<p>For example, is mining required to produce computations to support the system, and if so, how would the system manage a massive decline in mining with a surge in transactions?</p>

CC BY-SA 3.0
2011-09-24T01:40:05.240Z
@David Schwartz: I rolled back your edit because it made the question look as if the question had been CLOSED as a "Possible Duplicate", which it hasn't. Here's the link you provided, which is normally been on my experience is placed as a comment unless the question is closed: [What happens once mining speed gets close to zero?](http://bitcoin.stackexchange.com/questions/907/what-happens-once-mining-speed-gets-close-to-zero)
blunders
<mining-reward><reward-schedule>
The End of Mining
blunders
# The End of Mining

(Asked by: username_0 on 2011-09-24)

According to Wikipedia, here's a projection of expected future Bitcoin supply:

![enter image description here](https://i.sstatic.net/2crBU.png)

Is there any effect to the dynamics of the system beyond the valuation of Bitcoins?

For example, is mining required to produce computations to support the system, and if so, how would the system manage a massive decline in mining with a surge in transactions?

**Tags:** mining-reward, reward-schedule

> **Comments:**
> **username_0**: @username_3: I rolled back your edit because it made the question look as if the question had been CLOSED as a "Possible Duplicate", which it hasn't. Here's the link you provided, which is normally been on my experience is placed as a comment unless the question is closed: [What happens once mining speed gets close to zero?](http://bitcoin.stackexchange.com/questions/907/what-happens-once-mining-speed-gets-close-to-zero)  

---

## 3 answers

### Answer by username_3 on 2011-09-24. Score: 11 | Accepted answer

A surge in transactions would mean a surge in transaction fees. So it does not follow that there would be a massive decline in mining.

In any event, we have about a decade to work out what changes, if any, are needed. Nobody has a crystal ball.

One interesting issue though -- right after a block is mined, all the 'juicy' transactions will be taken, and the available transaction fees will be low. Miners might wait a bit (especially if they can save power/money by pausing mining) until the possible transaction fees reach a higher level. The consequences of that "off and on" surging in mining power need to be considered.

> **Comments:**
> **username_5**: Surge mining is an interesting concept however I think the behavior of the network won't be uniform.  Some miners maybe operating highly efficient (in terms of watts per block) FPGA or high end custom build cards likely would run 24/7/365.   Sometimes they will get the small blocks but sometimes they won't and as the pending transactions grow more miners join in because it hits their cost/reward ratio.  Likely mining software will be much more sophisticated capable of doing realtime analysis to predict best times to turn on and off based on various factors.  
> **username_4**: "right after a block is mined, all the 'juicy' transactions will be taken" - can you please explain this sentence? What are "juicy transactions" and why the available transaction fees will be low?  
> **username_3**: Juicy transactions are ones with high transaction fees. The miner of the previous block likely will take them.  

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### Answer by username_1 on 2015-07-11. Score: 1

I have read a lot about bitcoin,and It seems by design, That as popularity and usefulness grows that the miners will be paid by transactions fees equal x number of bits by continued mining for the last infinite bitcoin which will never be reached.........by design to go on forever.


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### Answer by username_2 on 2019-06-05. Score: 0

I would like to add some other effects not mentioned yet. The income of newly mined bitcoin to miners will get less over time. The costs don't outweigh the benefits, so miners drop out. This results in longer processing time per block. Then it would cause the [difficulty](https://www.bitcoinmining.com/what-is-bitcoin-mining-difficulty/) to drop, making it less expensive to mine a block.

So there won't by a *mining stop*, there will just be less miners mining against a lower difficulty. At the level where the benefits outweighs the costs. And since the amount of new coins mined is halve every 4 years, the changeover is not abrupt.

Partly this will be compensated by the transaction fee, but people will also be able to change to other crypto-currencies if those provide lower fees. This could effect in a price drop of BTC, which would make it less lucrative for miners to continue, again re-establishing the balance.

Miners don't hold an absolute monopoly.

In real live economy: The consumption of milk is going down, so there are [too many milk farmers](https://www.foxnews.com/us/dairy-farmers-hit-hard-by-declining-milk-demand). The price of the milk goes down. Some milk farmers won't be able to feed their cows and will close doors. Some of them do things smarter / cheaper and will survive.


---

