Ever wondered what will happen after the last Bitcoin is mined? The answer might surprise you.
A large portion of respondents are disillusioned with the global financial system and want change. Source: Morning ConsultSpeaking to Cointelegraph, Pat White, co-founder and CEO of digital asset platform Bitwave, believes miners will remain a critical part of the ecosystem, but not all will survive, with some shutting down in the face of mounting costs.
According to data from Glassnode, miners have already been experiencing long periods of unprofitability. Source: Glassnode “But I also imagine that will happen well before the last Bitcoin is mined since the last few halvings will get the block rewards down to the satoshi level.” “At that point, the Bitcoin developer community will be able to assess whether or not we’re actually on track to have a functioning transaction fee-based network or if additional Bitcoin mining is necessary to ensure the security of the network,” White added.
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