<p>I've understood for a while that bitcoin mining was a process that required computers to solve increasingly difficult problems in order to mine a block. </p>

<p>It wasn't until now that I realized those "problems" are actually the act of keeping track of all bitcoin transactions, updating the block chain. </p>

<p>Before this, I thought every bitcoin client on earth did that work to keep trackof the block chain together. </p>

<p>With this new understanding, I have to ask:</p>

<p>When all bitcoins have been mined, and there is no more reward for this computation by butcoin miners to update/keep track of the block chain, why would people continue to spend the resources to accomplish that task? </p>

CC BY-SA 3.0
2015-04-19T17:05:56.830Z
Perhaps a dynamic bitcoin transaction fee based not on the size of a transaction but on the value of the bc will be used to continue to reward miners for their hardware's work in keeping the bc network going?
Jonathan
CC BY-SA 3.0
2015-04-20T14:28:16.923Z
There are some transactions in one block. Miner will collect all transaction fee as reward.
moshaholo
<mining-reward><reward-schedule>
When all bitcoins have been mined, how can the Block Chain's interaction be supported?
Jonathan
# When all bitcoins have been mined, how can the Block Chain's interaction be supported?

(Asked by: username_0 on 2015-04-19)

I've understood for a while that bitcoin mining was a process that required computers to solve increasingly difficult problems in order to mine a block.

It wasn't until now that I realized those "problems" are actually the act of keeping track of all bitcoin transactions, updating the block chain.

Before this, I thought every bitcoin client on earth did that work to keep trackof the block chain together.

With this new understanding, I have to ask:

When all bitcoins have been mined, and there is no more reward for this computation by butcoin miners to update/keep track of the block chain, why would people continue to spend the resources to accomplish that task?

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

> **Comments:**
> **username_0**: Perhaps a dynamic bitcoin transaction fee based not on the size of a transaction but on the value of the bc will be used to continue to reward miners for their hardware's work in keeping the bc network going?  
> **username_1**: There are some transactions in one block. Miner will collect all transaction fee as reward.  

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## 0 answers

