What Happen if All Burst is Mined?
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Hello, I want to know what happen if all Burst is mined?
From http://burstcoin.biz/charts/mined-burstcoins we can see the unmined coins is about 27% (or about 584.000.000 Burst)
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@bandarfjb It's going to take a long time to mine those 27%, and once they're gone people will contiue mining for transaction fees.
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@bandarfjb more reason why we should promote the usage of Burst to go public. At the end of mining the coins, miners will become transaction nodes thus every transaction made by burst, the fees will be given to those nodes. The calculation? I still don't know. Only the devs knows the calculation for the transaction fees to be given to those nodes/miners.
What I'm saying is that, miners/nodes can only get burst if there's transactions going on in the blockchain. So, the more people using burst in their daily activities, the more burst miners/nodes will make in the aftermath of mining. :)
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Do the current transaction fees go to some sort of deposit address until after the last coin has been mined, or are the tx fees already being distributed to miners?
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@Propagandalf said in What Happen if All Burst is Mined?:
Do the current transaction fees go to some sort of deposit address until after the last coin has been mined, or are the tx fees already being distributed to miners?
That's a really interesting question. I have that in my head too. Where does the fees go currently? To the devs?
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@jervis That is a question i have too but i'm sure it's not for dev's...
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@gpedro Transaction fees go to whoever mines the block the transaction is in.
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@haitch oh ok i was thinking that until the end of the initial batch of mined coins the transactions were being kept in somewhere so when the initial batch is over it would start the transaction batch... so we will have to get much more transactions or the coin valueating a lot so the mining keeps so profitable as it is right now?!
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If you mine a block you will get:
The Block reward of 2,773 Burstcoins (at the moment)
plus the transaction fees.It is always the combination of both.




