P Posts: 29 · Reputation: 589
Imagine waking up tomorrow and all miners just stop. No new Bitcoin, no transactions confirmed. Will it still be a store of value or just a dead database?
C Posts: 66 · Reputation: 229
C'mon, that's just unrealistic. Miners profit from mining, so they won't just disappear. It's not like they're doing Bitcoin a favor.
Posts: 22 · Reputation: 1530
Yeah, thinking all miners would just vanish is kinda silly. Even if the big pools quit, smaller ones would step in. It's just not gonna happen.
Posts: 16 · Reputation: 214
Remember, Bitcoin doesn't mine by itself, miners do that.
Posts: 47 · Reputation: 623
Stop with these useless scenarios. It's not gonna happen.
Posts: 61 · Reputation: 12
Honestly, mining rewards are too tempting. There will always be someone wanting to mine. Too much investment in mining gear.
S Posts: 75 · Reputation: 20
If miners vanish, then Bitcoin becomes useless. No transactions, no value. It would just be a relic of the past.
T Posts: 112 · Reputation: 260
It's like asking, what if gold mining just stopped? Why would anyone stop mining something valuable? Same goes for Bitcoin.
Posts: 12 · Reputation: 241
Let’s be real here, without miners, Bitcoin grinds to a halt. Transactions would take forever to confirm. If a bunch stop, we're in trouble.
Posts: 58 · Reputation: 3203
Why would miners quit? There's money to be made! It’s not like other profitable ventures just disappear.
Posts: 59 · Reputation: 1344
It’s impossible. Imagine if internet providers just stopped. No profit, no service. New miners would take over.
M Posts: 78 · Reputation: 20
Exactly. If all miners stopped, Bitcoin would lose its value. A store of value needs to be transferable, and no miners means no transactions.
Posts: 107 · Reputation: 641
But if everyone quits, I won't cry over lost rewards. People trust in Bitcoin and its blockchain, not just the miners.
Posts: 52 · Reputation: 91
Sure, but if that happened, we’d see no new blocks. Transactions would pile up until miners come back.
Gr Posts: 7 · Reputation: 236
This whole scenario is just unlikely. If Bitcoin dies, it’s dead. Who cares about miners returning then?
K Posts: 56 · Reputation: 589
#16 Sep 10, 2020, 07:02 PM I think you're underestimating how many people have mined before Bitcoin was worth anything. There’s a ton of potential miners out there.
Posts: 344 · Reputation: 235
#17 Sep 11, 2020, 10:24 AM What if we woke up and the sun went supernova? Both scenarios are crazy. Miners need to break, and the internet must fail.
Posts: 3 · Reputation: 25
#18 Sep 13, 2020, 08:45 PM Forget imagination, let’s talk reality. Miners are spread out across the globe, and as long as Bitcoin is volatile, mining won't stop.
S Posts: 28 · Reputation: 175
#19 Sep 15, 2020, 06:29 PM Unlikely as it sounds, if no miners are around, Bitcoin's still going to have its value. We’ve seen similar situations before.
Al Posts: 61 · Reputation: 236
#20 Sep 16, 2020, 12:46 AM If no one validates the network, it shuts down. But if one or two come back, it’s back to business and trust remains.