If everybody stops mining...

[philipma1957]

Hey Guys,

if every bitcoin miner on the world would stop mining and only my notebook is mining would I get every 10 minutes 12,5 BTC?

I am just interested and want to know what would happen when...

Best regards,

Patrick

What would happen if your grandmother had tesitcles ? She would be your grandfather😀



What would happen if pigs could fly? It would be raining bacon!
Well at least I hope so.  Better then raining pig shit!

To be serious right now the wheel of Btc has 240 billion difficulty. Your laptop would take centuries to mine a block.  And you could be sure my five s9s would crush your laptop.

When I was a young guy I used to have the following fantasy. I would meet Howrd Hughes before he went nuts and when he died I would have got his billions. I then would have parlayed it against the hunt brothers when they tried to corner the silver market in late 1977 early 1978.

I would have had 50 billion by the age of 22 in 1979. I would use that to grab both apple and Microsoft and by now I would be the most power person on earth.  Cause I would have developed cloning and downloading my self into myself thus effectively solving mans problem of mortality.

As you can see the chances of that fantasy were just about as likely as your idea😀

And yeah I was smoking some very high quality weed at the time as you may be dong now.

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[xhomerx10]

You forgot about the time you shorted Bre-X from $250 down to zero just as the fraud was exposed and further multiplied your booty.
 You know... when I first read OP's post I thought, "That's impossible!  Phillipma1957 would never stop mining!"

[botija]

Doesn't the difficulty go down? Anyway, if everyone stops mining, some real serious thing must be going on in the world.

[J Gambler]

Hey Guys,

if every bitcoin miner on the world would stop mining and only my notebook is mining would I get every 10 minutes 12,5 BTC?

I am just interested and want to know what would happen when...

Best regards,

Patrick

If world stop mining and you are only one who gonna might for sure bitcoin will be dead for sure because bitcoin is depending on people who are using it if people are not going to show some interest in bitcoin then probably it will die.

[jak3]

if everybody stops mining then i thonk bitcoin will be stopped forever or if not then we will transfer our coins with zero confirmations to each other. it will not only effect the network but also efrects each individual because it will make the network less secure and slow

[xIIImaL]

if everybody stops mining then i thonk bitcoin will be stopped forever or if not then we will transfer our coins with zero confirmations to each other. it will not only effect the network but also efrects each individual because it will make the network less secure and slow

Yeah exactly you are right. If peoples stop mining, all people will fail to get a payment on any side. Then value also will down to zero value for Bitcoin. I don't think no one will skip that.

[Kprawn]

The thing is, too many people are heavily invested into Bitcoin mining for this to happen. They need to break even or wait until they made

some profits. There are also a lot of miners that pulled out, because of the high difficulty, and who would grab this opportunity to jump

right back in, if the difficulty dropped significantly. So no, it's highly unlikely that you would be the last man standing to do some solo

mining with your notebook. 

[memequiserle]

all people stop mining
bitcoin is dead , because bitcoin is transaction send need miner, not miner transaction can't execution

[MyBTT]

If everyone stopped mining, the difficulty would still be what it used to be, until the next difficulty update. The minimum blocks you would have to mine before the update would be 1, and to mine that block would take almost as long as solo-mining. Years.

[sana54210]

all people stop mining
bitcoin is dead , because bitcoin is transaction send need miner, not miner transaction can't execution

Yes without mining process, any transactions will not be recorded into block chain. Bitcoin ecosystem will come into standstill. Hopefully, it will not be going to happen as every miner will be doing the process of mining for his own profits.

So, someone will continue the mining process and new people will keep on coming and joining the mining process. This is going to happen until this earth will exist.

[Noctis Connor]

Doesn't the difficulty go down? Anyway, if everyone stops mining, some real serious thing must be going on in the world.

If everyone stop mining thats impossible no one will stop mining if they earning so much of bitcoin they dont really miss any day just to mine bitcoin there are more people are now mining bitcoins

[jak3]

bitcoin is alive because mining is going on. not because everybody is mining  it is depend on the mining deficulty which is set automatically and if you mine with a notebook then i think you will just blast your notebook for sure

[jstern]

If everyone stopped mining, the difficulty would still be what it used to be, until the next difficulty update. The minimum blocks you would have to mine before the update would be 1, and to mine that block would take almost as long as solo-mining. Years.

So after that block is mined the difficulty will go down?

[1 currency now]

If the transactions of Bitcoins and the mining just stopped and there wasn't any pending transactions then I would think that you would have a chance to get the 12.5 BTC  from that last transaction with just mining in your laptop since there aren't any new blocks.

[ALToids]

The laptop would meet its death long before it found even one block, not even getting the difficult reset block.

I know there is a 25% stagger for difficulty going up - is there one for going down?

[xhomerx10]

The laptop would meet its death long before it found even one block, not even getting the difficult reset block.

I know there is a 25% stagger for difficulty going up - is there one for going down?

 I'm not sure of the meaning of "stagger" but the difficulty change is limited to a factor of 4 during any retarget.  I believe this is the relevant code:

Code:

 
57     // Limit adjustment step 
58     int64_t nActualTimespan = pindexLast->GetBlockTime() - nFirstBlockTime; 
59     if (nActualTimespan < params.nPowTargetTimespan/4) 
60         nActualTimespan = params.nPowTargetTimespan/4; 
61     if (nActualTimespan > params.nPowTargetTimespan*4) 
62         nActualTimespan = params.nPowTargetTimespan*4; 
63 
 
64     // Retarget 
65     const arith_uint256 bnPowLimit = UintToArith256(params.powLimit); 
66     arith_uint256 bnNew; 
67 ...

 So it compares the time take for the last 2016 blocks to one-quarter and four times the desired timespan for 2016 blocks (which I think is 1209600 seconds) and if it is greater than 4838400 or less than 302400 the timespan is set to one of those values accordingly and used to calculate the new difficulty.