what will happen if miners stop mining bitcoin?

[mmo_online_1981]

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 possible
Any altcoin otherwise Mining will be considered destroyed! Without confirmation, every transaction will not confirm!

[krishnaverma]

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.

[fairytale]

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.

[carlisle1]

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.

[Apple4myCat]

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.

[bitcoin2048]

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.

[99bitcoinerlover]

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

[Bimaab]

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.

[virendarnagpal]

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.

[Jihuny23]

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.

[Blackhammer321]

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

Practically speaking people who benefited will not do anything that will harm something they are up to. So why stop mining if you get something in return, or let's call it as an incentives. Bitcoin does not only benifit miners but at the same time, if someone already have a bitcoin, bitcoin can help in a lot of ways. It is lime earning without doing huge effort at the same time, investing in a small amount and get big in return.

[magmar]

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.

[mojo2208]

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.

[gesdan]

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

[mr.shaman]

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.

[1993jochico]

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.

[Edgarroni]

I thought them stop mining it already :b the more they keep mining the more time they wasting it.

[mackenzie5]

Nothing is going to happens if the miners stop mining because now there are about 18 million bitcoins are there in the market if no body is mining means there will be little shortage in bitcoin means its demand can increase and its price will be going up.Bitcoin is a new form of economy with strong net work systems which can be operated world wide .Its features are found very attractive for the various usage and hence its popularity has wide spread world wide.

[GreatArkansas]

If that will happen, the transaction in the blockchain will be reduced, the confirmation will become slower. But I do not believe that mining will totally stop because it will not happen. If you are mining, there are rewards so it will not totally stop.

[liyoungjae]

miner bitcoin probably will not stop to mine bitcoin for continuity of blockchain. then do not hesitate to invest in bitcoin.