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No mining needed?

And when is mining suppose to end??

uh - never............

Do you really not know how crypto works?
 
NCM said:
New thought, isn't the system designed to run post mining?
Click to expand...

There are no plans to end PoW at this moment. It was never even considered. But hey, this project is only 2 years old, we have no clue what's in store for the future.

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NCM said:
New thought, isn't the system designed to run post mining?
Click to expand...
The system is designed to mine forever, though the block reward will reach 0 in 2030 - so the miners will only be rewarded by the transation fees of the transactions they include into a block then.

"Mining" and "PoW" does not imply that a miner gets a reward. Mining refers to the process of finding a hash value to a given block header, which starts with a given number of leading zeroes (aka difficulty), via brute force. In case of Bitcoin and Dash, this is rewarded with a certain amount of coins at the moment. But like i said: this will end in the future, for both Bitcoin and Dash.

If you want to see how mining actually works, you may find this mining simulator interesting.

upload_2016-2-23_11-29-1.png
 
2030?
I thought it was 2130?

Haven't done the math myself.... hummmm

Where did I get 2130?
 
MangledBlue said:
2030?
I thought it was 2130?

Haven't done the math myself.... hummmm

Where did I get 2130?
Click to expand...

Bitcoin has a fixed emission curve, +/- block solving variance. It is estimated that it will end in 2140. We also have 21 Million mineable coins, so maybe you got it from there? We have a variable emission, plus our launch bug thing skewed the math I presume.

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Thanks for the replies. This stuff is just what's banging around in my head at the moment. I'm not making suggestions for Dash as it is. The fee market can stay murky for now. So much will change in 20 - 50 years, no sense trying to see beyond that.

I'm a big fan of Dash because of the speed of innovation. And I like innovation that simplifies something complex.
 
NCM said:
Thanks for the replies. This stuff is just what's banging around in my head at the moment. I'm not making suggestions for Dash as it is. The fee market can stay murky for now. So much will change in 20 - 50 years, no sense trying to see beyond that.

I'm a big fan of Dash because of the speed of innovation. And I like innovation that simplifies something complex.
Click to expand...

One thing to keep in mind... by mining your are essentially creating a sort of hidden collateral pegging of value to the digital asset. You both spend lots of money in equipment, concurrent electricity costs, and time&specialisation by a human. PoW does not have that, at least not even close to the same degree. So in a sense, PoW has inherently more intrinsic value than PoS by default.

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