What Happens If Bitcoin Mining Stops?

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probablynothingFull Member
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#1Aug 30, 2020, 11:10 PM
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?
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#2Aug 31, 2020, 02:05 AM
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.
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lonecobraSenior Member
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#3Sep 1, 2020, 10:01 AM
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.
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block777Member
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#4Sep 1, 2020, 04:14 PM
Remember, Bitcoin doesn't mine by itself, miners do that.
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diamond_minerFull Member
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#5Sep 1, 2020, 10:12 PM
Stop with these useless scenarios. It's not gonna happen.
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#6Sep 2, 2020, 01:14 AM
Honestly, mining rewards are too tempting. There will always be someone wanting to mine. Too much investment in mining gear.
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#7Sep 2, 2020, 01:52 AM
If miners vanish, then Bitcoin becomes useless. No transactions, no value. It would just be a relic of the past.
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tom51Full Member
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#8Sep 3, 2020, 11:31 AM
It's like asking, what if gold mining just stopped? Why would anyone stop mining something valuable? Same goes for Bitcoin.
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calmchadMember
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#9Sep 3, 2020, 04:03 PM
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.
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chain1337Hero Member
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#10Sep 3, 2020, 04:48 PM
Why would miners quit? There's money to be made! It’s not like other profitable ventures just disappear.
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fudbusterSenior Member
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#11Sep 6, 2020, 12:58 AM
It’s impossible. Imagine if internet providers just stopped. No profit, no service. New miners would take over.
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max365Newbie
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#12Sep 6, 2020, 02:01 AM
Exactly. If all miners stopped, Bitcoin would lose its value. A store of value needs to be transferable, and no miners means no transactions.
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0xLaserFull Member
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#13Sep 6, 2020, 03:10 AM
But if everyone quits, I won't cry over lost rewards. People trust in Bitcoin and its blockchain, not just the miners.
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0xOrbitMember
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#14Sep 6, 2020, 07:16 AM
Sure, but if that happened, we’d see no new blocks. Transactions would pile up until miners come back.
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GrimHawkMember
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#15Sep 8, 2020, 07:28 AM
This whole scenario is just unlikely. If Bitcoin dies, it’s dead. Who cares about miners returning then?
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kevin_atlasFull Member
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#16Sep 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.
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pr0to88Member
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#17Sep 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.
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chad2013Newbie
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#18Sep 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.
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#19Sep 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.
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alt_forkMember
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#20Sep 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.
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