Topic: Bitcoin and Mining - page 2. (Read 222 times)
If it's the case that all miners shut down their rigs, there will be a lot of missed revenue potential, hence thinking that all miners would just shut down is totally unfeasible. It's just like saying "I drive an internal combustion engine (ICE) vehicle, what if all gas stations worldwide shut down?"
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Its Same with other coins? Eth? Or only goes for btc?
I'm not really familiar with the whole ETH mining but since it still uses POW, then yes it won't be transferred. You also have to remember that all these transactions are done online and between devices. If nothing is online, no transactions will be successful. It's not like handing out paper fiat to the next person.Its Same with other coins? Eth? Or only goes for btc?
~ So for 20$ Transaction You need big mining Factory to operate to use a lot Energy.
It doesn't have to be that way but competitions for mining the next bitcoin block increased in the last 10 years that miners have to buy more powerful machines to stay ahead. Back in the day, you can still mine using a PC and get rewarded. 
Yes, your $20 won't be transferred to any wallet if all miners are shutdown at the same time. It will be stuck in the mempool for approximately 2 weeks before it gets dropped and returned to your wallet.
Its Same with other coins? Eth? Or only goes for btc?
Yes, your $20 won't be transferred to any wallet if all miners are shutdown at the same time. It will be stuck in the mempool for approximately 2 weeks before it gets dropped and returned to your wallet.
If I want to send 20$ on my wallet to other wallet.
Then If there is no miners the money is not moving?
So for 20$ Transaction You need big mining Factory to operate to use a lot Energy.
But what If all miners will be shut down all over the World?
Do I understood Correct?
Then If there is no miners the money is not moving?
So for 20$ Transaction You need big mining Factory to operate to use a lot Energy.
But what If all miners will be shut down all over the World?
Do I understood Correct?
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