Topic: [Question] What will happened to Bitcoin if there's no miner? - page 3. (Read 738 times)
As long as miners can make a lot of money, they will keep mining. Even though it is terrible for the environment, they don't care. So mining still has a bright future ahead. It is difficult for an individual to earn a lot but lots of big firms make money this way, especially in China.
I'm not really that good about cryptocurrencies especially the technical stuff so I would like to know what will happened to Bitcoin and other decentralized cryptocurrencies.
These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
No mining means no transaction. So it causes to destroy. Mining is very important, and it has to continue. For that, Bitcoin mining should be profitable.
I'm not really that good about cryptocurrencies especially the technical stuffs so I would like to know to every what will happened to Bitcoin and other decentralized cryptocurrencies.
These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
it stops existing
Nope, blocks will just stop being produced and transactions will stop being confirmed. It will be inactive but it'll still exist. At any time, a miner can start hashing again and the blockchain will pick up where it left off.
I've seen this happen before with altcoins. Years ago, I had to start mining an altcoin just to get a transaction confirmed because the chain was dead and I was trying to send coins to an exchange.
I'm not really that good about cryptocurrencies especially the technical stuff so I would like to know what will happened to Bitcoin and other decentralized cryptocurrencies.
These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
The answer is very simple: the blockchain network will stop to exist.
However, the good information is, that it is enough for the blockchain to be saved in only one copy and you can start it and continue at any moment.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
If no Bitcoin miner is finished, but that won't happen to Bitcoin, the nature of bitcoin spinning selling and buying you have to know in the world no one is interested in Bitcoin there are millions of people who want bitcoin to be a collection or mine, so you don't need to worry about Bitcoin mining always there. 
no miners means that no transaction can be made.
This would be a worst scenario be course no one can send his Bitcoins to another wallet so it will loose his value.
But therefor you must shutdown electricity on the hole earth XD
regards
This would be a worst scenario be course no one can send his Bitcoins to another wallet so it will loose his value.
But therefor you must shutdown electricity on the hole earth XD
regards
Production stops, no new bitcoins will be created thus effectively disabling the whole protocol. This should be a no brainer considering that the whole system and chain relies on the creation of new bitcoins, and the whole network is dependent on miners to process transactions.
I'm not really that good about cryptocurrencies especially the technical stuffs so I would like to know to every what will happened to Bitcoin and other decentralized cryptocurrencies.
These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
it stops existing
I'm not really that good about cryptocurrencies especially the technical stuff so I would like to know what will happened to Bitcoin and other decentralized cryptocurrencies.
These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.
I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?
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