[JOJOGANG]

Yeah, coins have reached their mining limits before. And BTC will be one to do the same, usually the price will go up as there is a lesser supply and higher demand.

[Abraham Lincoln]

Technically, mining never ends. Every 100010 blocks (203 days), the mining reward halves. It started at 66.85 OMC. We've had one halving (https://omnicha.in/?l=10&s=100004) so far so the current reward is 33.425 OMC.

Over time the block reward will get extremely small, but in theory it will always be there.

The idea is that eventually the block reward will be mostly made up of transaction fees.

[Abraham Lincoln]

And by time it reaches it max the coin will be worth enough that mining is still profitable because tough the fees are a small decimal of the coin, the coin would be worth enough for that to be a legitimate reward? Thanks for sharing this by the way, it was cool to know.

In theory, yes.

Even if the price didn't increase, there will always be someone mining as the difficulty would drop very low, making it profitable again.

[JOJOGANG]

I was always under the impression that mining would never end as it is used to confirm the transactions and what not hence why we pay small amounts every time we send coins.

That is correct, but there would still be some people mining regardless of reward or not.

[Aceman]

Made a quick excel sheet showing the blockrewards http://prntscr.com/6dkpod
it is going to take a LONG time to get to block 3400340

At the 180 second block timer and starting from the point the coin launched it would take 19 years and 145 days to reach block 3,400,340. 😏