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Author Topic: Bitcoin miner stoped distribute bitcoin  (Read 139 times)
cryptovally01
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June 28, 2018, 11:58:06 AM
 #21

Btc tech is really change the concept of currency and transactions it makes our life more easy based on this people of users can use if there is no miners because it is not gonna effect on price also they can do transactions because it’s a block chain tech.
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CoinMarcel
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June 28, 2018, 06:20:00 PM
 #22

Look at this way. If the mining wil (temporarily) stop, the demand will increase. BTC will be rare and price will go up and mining more lucrative.
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June 29, 2018, 04:18:29 AM
 #23

Bitcoin works only when there is full consensus among all users. Thus, all users and developers have a strong incentive to protect this consensus.
If there are no miners, no transactions will occur. It can greatly affect the price of Bitcoin.
cryptoking252
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July 02, 2018, 11:43:58 AM
 #24

Yes, it will affect the price of Bitcoin. Bitcoin price is mostly dependant upon the supply and demand of  Bitcoin. If there is any resistance to the supply, it will definitely affect the price.
winspiral
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July 02, 2018, 11:48:19 AM
 #25

what if all miner bitcoin stops working does not generate or distributes bitcoin for one day if it could affect bitcoin price?

If miner stop mining then there will be no value to bitcoin. Miner not only mining new bitcoins but also confirming the transactions too.
If there is no miner, than no transaction will happen.
In others words, that day Bitcoin will not have any value, because if I say ,somebody want to sell it cheap but transaction from his wallet to seller wallet will not happen and then why should pay for something that you will not receive.

Almost impossible...
If all miners stop then I will mine a little with my PC and I will earn all BTC alone...this is why it is impossible because other people would do the same like me.

I have adapted almost the same principle at my cash systems...if only 2 or 3 people participe then the 2 or 3 people earn all the global income...it is why I have always people participating at my cash games.

http://u2cloudmining.winspiral.net (faucet-trade-reinvestment-JACKPOT-PTC).[payout as well possible by Perfect Money and Faucethub][XMR minining for dollar][Free ERC20-TOKEN  WINSPIRAL U2 (WSPU2)] http://u2cloudmining.winspiral.net/faucet_wspu2.php  [ free WSPU2pts per claim tradable for real dollars]
http://u2cloudmining.winspiral.net/cryptotab/bitcoin_mining.php [My CryptoTab earning]
DanielJacob
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July 06, 2018, 04:47:13 PM
 #26

First of all, the number of miners are in thousands. So the question of them halting the mining is out of the box. But theoretically, even if they stopped, bitcoins will have no value. Because there won’t be any coins to exchange to begin with, given the miners aren’t mining.
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