[Question] What will happened to Bitcoin if there's no miner?

[michellee]

Bitcoin price will not worth, and it will get down too fast because the miners are not confirming the transaction. But so far, the miner still running and only a big hashrate and cheap electricity cost will survive, the rest is shut down their mining hardware because it's not worth for them to continue mining bitcoin or altcoin. But I don't think it will happen soon because bitcoin is still on the development and still grow until now.

[1714821634]

1714821634

[mirawantirinjana]

of course everything will stop, because if there are no miners, blockchain technology won't work, because they don't create new bitcoins.

[Dondont]

Actually its just simple. Miners work to confirm transactions by adding them to the Block Chain. If no one is doing that, there is no Bitcoin. The whole process in main core of the blockchain is stopped. So is this could be happened. I think even with a very low chance its still could if there's no more price in this thing.

[izanagi narukami]

Without miner, there will be no bitcoin circulation.
Let say if suddenly miner stop mining in this year, I'm sure the value will increase because the supply will be limited.

But it's impossible to happen, IMO

[Halmater]

Transaction speed will be zero and confirmation process will be stopped. Nothing happens to existing data and bitcoin will just be inactived. If miners didn't satisfy with money they have gain and stop mining, owners could also do mining task. By doing that and reaching to a resolution, no body pays fee for transactions or payments made for sales. This scenario sounds like a more efficient crypto market and why not?

[kikoy999]

Without miner, there will be no bitcoin circulation.
Let say if suddenly miner stop mining in this year, I'm sure the value will increase because the supply will be limited.

But it's impossible to happen, IMO

Thats right but some people cant earn bitcoin if theres no miner that they gonna use because lot of people like mining because they get a huge profit here.

[elda34b]

Thats right but some people cant earn bitcoin if theres no miner that they gonna use because lot of people like mining because they get a huge profit here.

As izanagi said, I think it's highly unlikely that there won't be any miner. If such extreme cases happens I believe it is a great opportunity to mine bitcoin because difficulty will be very low and it's going to be very profitable. Even if Bitcoin price fell a lot it won't matter because mining cost will greatly decrease.

[joeperry]

I'm being enlightened by your knowledges, thank you for all the answers and those who answered I was hoping that some new to this community will be able to read this to have some additional knowledge.

I'm going to lock this thread since my question have been answered already, Thank you