Topic: what will happen if miners stop mining bitcoin? - page 7. (Read 4840 times)
There will be lower supply of bitcoin and the price will go up: law of supply and demand; but for sure those miner will never stop because they already buy those equipments that equipments are costly if they stop then they will surely sell their equipments and another one will start mining. Miner's will never stop mining till bitcoin reach its limit or its maximum count.
What will happen if miners stop mining bitcoin? Will result in broken blockchain or any other problems to the network? I would like to buy some bitcoin for long-term investment and not plan to sell for years
I think it would be worthwhile to buy another crypto currency, if for several years, much more promising.
what will happen if the miners stop mining, the answer is easy, they don't get the bitcoin or another coin, hahaha, okay maybe nothing happened because of this, the bitcoin that already mined is still in the circulation right? so nothing happen
Bitcoin will not pereppanut get. I read the information about a month ago that according to specialists' calculations the last bitcoin will be mined in 2051. 
What will happen if miners stop mining bitcoin? Will result in broken blockchain or any other problems to the network? I would like to buy some bitcoin for long-term investment and not plan to sell for years
For all intents and purposes individuals who profited won't do anything that will hurt something they are doing. So why quit mining on the off chance that you receive something consequently, or we should call it as an impetuses. Bitcoin does benifit diggers as well as in the meantime, in the event that somebody as of now have a bitcoin, bitcoin can help from various perspectives. It is lime acquiring without doing tremendous exertion in the meantime, putting resources into a little sum and receive huge consequently. What will happen if miners stop mining bitcoin? Will result in broken blockchain or any other problems to the network? I would like to buy some bitcoin for long-term investment and not plan to sell for years
I can say with 99.99% confidence that miners will not stop bitcoin mining. because it is not profitable for them they bought the equipment, which should pay off and make a profit. As for your addition, you can safely buy 1 bitcoin and store it on a hard wallet and not worry
In my view, if miners stop their mining of bitcoin then what will happen is the market situation will not be as busy and active as before. Crypto currency players who are accustomed to mining and quitting mining will have no great challenges. I am sure the motivation of miners in playing bitcoin will also go down. Usually every day they are challenged to get bitcoin in a certain amount then now the state is not there. This will be a shock for miners and they have to adapt to new circumstances. This is not an easy situation.
Mining will not stop till the miners are being rewarded sufficiently. People will have to pay in their own interest too. Because if the miners do not get their payments; naturally nobody will be working in a loss.
And if they stop there will be a panic. Transactions will stop uncleared.
So in the benefit of all the mining must go on without any stop.
And if they stop there will be a panic. Transactions will stop uncleared.
So in the benefit of all the mining must go on without any stop.
Is like in the online games, when everyone logged out from it, all the game disappear. This is what I'm thinking about how cryptocurrency transactions work.
So if all the people stop mining bitcoin all the transactions will fall with.
So if all the people stop mining bitcoin all the transactions will fall with.
If every miners stop mining, i will mining bitcoins, becouse i will be rich 
I think its impossible... Low miners, more profit, so miners will be in our live forever
I think its impossible... Low miners, more profit, so miners will be in our live forever
What will happen if miners stop mining bitcoin? Will result in broken blockchain or any other problems to the network? I would like to buy some bitcoin for long-term investment and not plan to sell for years
For bitcoin is still used, I think bitcoin prices will be higher in the near future. But I think bitcoin will be increasingly difficult to get, and if it happens, I think the price of bitcoin will start to fall in the near future after the bitcoin prices rise.
If this happens someday, then bitcoin will disappear, because there will not be anyone to confirm the transactions and bitcoin will eventually become useless to anyone. This is my opinion and I can be wrong.
What will happen if miners stop mining bitcoin? Will result in broken blockchain or any other problems to the network? I would like to buy some bitcoin for long-term investment and not plan to sell for years
Theres more than enough bitcoin in circulation so nothing to be worry if miners stopped mining bitcoins...
Besides there are many alternative coins that may replace bitcoin if ever this will be done,but for me the price of this coin will become higher because of the demand people may have if does.
it can result of having a demand on bitcoin because miners will stop to mined these cryptos.Shortage for digital currencies may encounter because even miners has all the equipment to mined bitcoins but they still felt that it wasnt profitable enough for them.Im quite sure that if this will happen,people will surely seek solutions to address this problem in near future.
This is a hypothetical question but will not happen because of a number of factors:
1) Mining is distributed over the world and there are not selective people controlling this. So even if some people stop mining, others will continue.
2) There are companies who have already invested huge money on set up for mining. Now, if they stop mining, they will be in huge loss.
1) Mining is distributed over the world and there are not selective people controlling this. So even if some people stop mining, others will continue.
2) There are companies who have already invested huge money on set up for mining. Now, if they stop mining, they will be in huge loss.
What will happen if miners stop mining bitcoin? Will result in broken blockchain or any other problems to the network? I would like to buy some bitcoin for long-term investment and not plan to sell for years
At the current price of Bitcoin, that is not possibleAny altcoin otherwise Mining will be considered destroyed! Without confirmation, every transaction will not confirm!
What will happen if miners stop mining bitcoin? Will result in broken blockchain or any other problems to the network? I would like to buy some bitcoin for long-term investment and not plan to sell for years
I can say with 99.99% confidence that miners will not stop bitcoin mining. because it is not profitable for them they bought the equipment, which should pay off and make a profit. As for your addition, you can safely buy 1 bitcoin and store it on a hard wallet and not worry
If the miners stop their work, then the entire system will stop at the same time. It will not be possible to make any transactions. And this will lead to the fact that the bitcoin system will cease to exist. Therefore, we are all very dependent on miners in this sense.
Well it will be a free fall for btc i suppose and not only for bitcoin but the entire market would likely feel it's effect and will take time if ever it can recover. Though i don't see that happening so don't worry.
If the miners stop their work, then the entire system will stop at the same time. It will not be possible to make any transactions. And this will lead to the fact that the bitcoin system will cease to exist. Therefore, we are all very dependent on miners in this sense.
I could only tell you that investing in long term is very good idea cause nowadays we here that many countries are thinking about making crypto legal and free to use and if it will happen in future price will go to the moon so investing now for long years could be one of your best decisions ever.
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