Topic: What would happen if bitcoin miners stop? (Read 805 times)
If miners stop, the BTC market will collapse as there won't be any more BTC to buy. However, so you really think miners will stop?
I heard that bitcoin is controlled by we users and miners,
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
i think that the blockchain will process slowly and slower than now because miner is used to cover the blockchain or processing it so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
I heard that bitcoin is controlled by we users and miners,
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
haha they would lose the tons of profit they are making (while the hardware operates only) not mentioning all the money they dumped to buy the hardware. And we are taking here about facilities worth millions of dollars. So while we can toy with discussing such topics, it is like discussing the total impossibility.
you know the moment some miners stop mining a given currency the difficulty goes down and at the same time the profits (expressed in that currency) go up for the same effort. So they really can't stop mining bitcoin and start mining something else, because a few moments later they will be losing a lot of profit
I heard that bitcoin is controlled by we users and miners,
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
Transactions become impossible if all the minor stops.so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
But when someone ceases mining, the opportunity to dig marginally moves to others. Minor does not stop staying.
No mining means no transaction, so there couldn't be any exchange and bitcoin market would be down. Same effect as a global Internet failure. Both are hardly probable.
If there were no miners to mine bitcoins, then no additional btc will be added to the community. This is unlikely as many are aiming to mine btc.
If ever bitcoin miners were to stop mining all together then the system will gradually fluctuate resulting to bitcoins downfall, but we should also note that that would probably never happen as miners are rewarded large amount of bitcoins for their work.
Lets say we will come in to the situation stated above.
Then i am sure that it will be the end of bitcoin.
I am not saying that this might happen but if ever it does happen then all our works today will be for nothing.
I think this question is not valid. How you don’t know about the fact that if the manufacturers of some product or service comes to stop, what would happen with that survive, definitely that will be going to an end. Same will happen with bitcoin if it is so. If miners just started the work, bitcoin will be seizing in the market and everything related to them will be just jammed. Then i am sure that it will be the end of bitcoin.
I am not saying that this might happen but if ever it does happen then all our works today will be for nothing.
If bitcoin miners stop I don't think it will greatly affects the market of bitcoin because so far majority or almost 90% of bitcoin supply is already in the circulation so the remaining for me is immaterial witg regards to the supply that we have now also just in case the supply isn't to cover the demand the pricing for bitcoin will only adjust and go higher which I think investors and all people will only love to hear.
I heard that bitcoin is controlled by we users and miners,
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
Well, it's not gonna happen. The process is bitcoin mining is circular. So, it never stops. If some miners stop mining then the mining edge of other miners will increase thus increasing their profit ratio. So, here every second person is fighting for more and more money, and nobody wants to lose the race. And if uncertainly it would happen then bitcoin will crash within seconds resulting massive loss.
I heard that bitcoin is controlled by we users and miners,
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
I would start mining again with my USB Block Erupters and Antiminer U2's
Lets say we will come in to the situation stated above.
Then i am sure that it will be the end of bitcoin.
I am not saying that this might happen but if ever it does happen then all our works today will be for nothing.
Then i am sure that it will be the end of bitcoin.
I am not saying that this might happen but if ever it does happen then all our works today will be for nothing.
I think it will never happen because if the mining will be stopped then there will be no new coins entering the exchange and no new transactions will be processed and will be more profitable for each individual miner
Miners control Bitcoin transaction and release of new Bitcoins into the system. So if there are no Miners, that will be the end of Bitcoin,which will never happen.
I heard that bitcoin is controlled by we users and miners,
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
You have heard wrong buddy. We the users have no role to control bitcoin, it is controlled by the miners. We only give them directiona to put our bitcoin from one place to another, like from one bitcoin address to another address. Bitcoin is purely in the control of miners. If they stop processing transaction and stop mining bitcoin we can't do anything else then just watch and see our transactions pending. Many of miners have already quit mining bitcoin therefore, we are paying the insane transaction fees and have to wait for hours for the confirmation. so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
If the remaining miners quit mining bitcoin, it will simply crash be of no use anymore.
Thanks for your info about the stopping of bitcoin miners.
So I would say what if the government started to target the huge bitcoin mining farms stopping the process
of mining, do you think this could be the end of bitcoin?.
So I would say what if the government started to target the huge bitcoin mining farms stopping the process
of mining, do you think this could be the end of bitcoin?.
I heard that bitcoin is controlled by we users and miners,
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
The scenario is that, that would breed confusion and chaos in the whole of crypto market because all altcoin would be affected, no transfer and no receiving. For instance, mere network problem or network jamb due to too much transactions causes problems and restiveness, not to talk of total shut down of minning.
I mean, is more like a difficult scenario to envisage.
If the miners stop, then the blockchain system will encounter problems. Because bitcoin requires confirmation to blockchain about its activity, I can not imagine if the miners stopped.
I heard that bitcoin is controlled by we users and miners,
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
haha they would lose the tons of profit they are making (while the hardware operates only) not mentioning all the money they dumped to buy the hardware. And we are taking here about facilities worth millions of dollars. So while we can toy with discussing such topics, it is like discussing the total impossibility.
I heard that bitcoin is controlled by we users and miners,
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.
I'm curious to know what would happen to bitcoin.
haha they would lose the tons of profit they are making (while the hardware operates only) not mentioning all the money they dumped to buy the hardware. And we are taking here about facilities worth millions of dollars. So while we can toy with discussing such topics, it is like discussing the total impossibility.
Jump to: