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Author Topic: Shutting off bitcoin mining ?  (Read 656 times)
rausvi15
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April 09, 2013, 06:35:00 AM
 #1


Hello

i have stupid questions about stop BTCminning for 2 or 3 days ?
What will heppend ?

Let`s say here on bitcoin talk huge community will shut down mining ?

What will happend with stock, and with difficulty  ?

what is the power of bitcointalk.org  community?
Thaks..


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April 09, 2013, 06:45:03 AM
 #2

we are the black sheep of bitcoin. They are all ashamed of us.  Undecided
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April 09, 2013, 07:40:55 AM
 #3

mining is powered by greed and hope. it will never stop.

BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
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April 09, 2013, 07:41:33 AM
 #4

Who, you mine ASIC miners ?


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April 09, 2013, 07:46:55 AM
 #5

Who, you mine ASIC miners ?

 Grin good one
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April 09, 2013, 08:08:25 AM
 #6


Hello

i have stupid questions about stop BTCminning for 2 or 3 days ?
What will heppend ?

Let`s say here on bitcoin talk huge community will shut down mining ?

What will happend with stock, and with difficulty  ?

what is the power of bitcointalk.org  community?
Thaks..

I stopped mining week ago, and nothing happened. My 5830 could make 0.02 per day but it even doesnt pay electricity.

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crypTrade
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April 09, 2013, 08:11:11 AM
 #7


i have stupid questions about stop BTCminning for 2 or 3 days ?
What will heppend ?

The same thing that would happen ifevery groery store in pittsburgh decided to close for a week.

Currently selling XRP for BTC. PM for details and quotes.
https://bitcointalk.org/index.php?topic=171505
rausvi15
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April 09, 2013, 08:31:57 AM
 #8

i know that`s inposible, but If.....

if stop one or 10 od 100 .. that`s nothing, but IF  let`s say  all pools closed minning for 2-3 days ??

probably panic will be amazing, and people will start selling Bitcoins Smiley and i will try to buy   Tongue


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April 09, 2013, 09:28:50 AM
 #9

i know that`s inposible, but If.....

if stop one or 10 od 100 .. that`s nothing, but IF  let`s say  all pools closed minning for 2-3 days ??

probably panic will be amazing, and people will start selling Bitcoins Smiley and i will try to buy   Tongue

solo miners..?
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April 09, 2013, 10:36:32 AM
 #10

i know that`s inposible, but If.....

if stop one or 10 od 100 .. that`s nothing, but IF  let`s say  all pools closed minning for 2-3 days ??

probably panic will be amazing, and people will start selling Bitcoins Smiley and i will try to buy   Tongue

If nobody is mining there is no way to store transactions, so you cannot buy any bitcoins

I am TheGreatBitholio. I Need BTC for my bunghole. Send me all your BTC: 1N2nX8h1ZjAQ2EkgXDzKMFig1CVKjkmGZ5
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April 09, 2013, 11:06:13 AM
 #11

[If nobody is mining there is no way to store transactions, so you cannot buy any bitcoins

Not only would you not be able to purchase any bitcoins, you would not be able to make ANY transactions involving bitcoins (on the blockchain, anyway).

"Mining" is the method by which bitcoin transactions are recorded on the blockchain. Any transaction that is NOT recorded on the blockchain is unconfirmed and should not be regarded as final.
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April 09, 2013, 11:20:22 AM
 #12


Hello

i have stupid questions about stop BTCminning for 2 or 3 days ?
What will heppend ?


it would take longer for confirmations.... for a while?
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April 09, 2013, 11:42:08 AM
 #13

Even if everyone else stops, my descendants and I will keep solo mining until the heat death of the universe. And I will always be willing to buy bitcoins at some non-zero price.

Rest assured, Internet. Bitcoin will never drop to zero. You have my word on that.

Now, since the common belief is that bitcoin will eventually trade for either zero or a million bucks each, and I guarantee they will never reach zero, it is now indisputably known that bitcoins will eventually reach a million.

So get out there and trade for some coins, then spend them with your favorite vendor!
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April 09, 2013, 10:20:28 PM
 #14


Rest assured, Internet. Bitcoin will never drop to zero. You have my word on that.


ditto

I have $500

so as long as there is bitcoin I will pay $0.0000238 per coin

so they'll never really be worthless!
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April 09, 2013, 10:28:37 PM
 #15


Let`s say here on bitcoin talk huge community will shut down mining ?


I guess, you will be able to hack blockchain with your desktop in this case. Do not miss an opportunity to leave those richest bitcoin addresses with naked ass.  Cheesy

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April 09, 2013, 11:01:20 PM
 #16

THE WORLD WILL END
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