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

[VitKoyn]

You don't have to be good to know what will happen, you just need to understand what Bitcoin miners do. If there will be no miners that mines Bitcoin then no one will process all the transactions that will be made by users, meaning all transactions in Bitcoin network will not be verified and it will be dead, because miners are the one who verify all the transactions. But it is very unlikely for now for this to happen even a lot of miners are selling their rigs or changing the coin they want to mine.

[care2yak]

assuming that there are NO MINERS - Transactions wont get confirmed and the blockchain will stay inactive until such time someone’s gpu with the bitcoin blockchain starts hashing again and the cycle continues from where it left off.

[gabmen]

assuming that there are NO MINERS - Transactions wont get confirmed and the blockchain will stay inactive until such time someone’s gpu with the bitcoin blockchain starts hashing again and the cycle continues from where it left off.

Yeah things will get pretty stagnant with people opting to just hold on and keep their bitcoins instead. That's why i think that whales won't allow the price to plummet deeper that the miners would all just cease or shift to another coin.

[qualitywork]

If there are no miners transaction is impossible also there will be no value for BTC. Miners are those who make the confirmation of transactions, yes BTC mining will not be profitable at the moment but in near future it will be useful.

[Blocktopian88]

I don't know much about technical stuff either. But I've read an article, it said "miners and mining machines were never envisaged to be part of the core infrastructure powering any blockchain technology. Rather, mining emerged purely as a way of controlling the partition of limited ‘coin’ resources for any given ‘blockchain’ product. In actual fact though, for the purposes of decentralization, mining should really be a redundant process". I don't have my own opinion, I think it could be consulted though.

[bettercrypto]

If there were no bitcoin miners, there is no one validating the block that contains transactions within. Therefore, the blockchain will stop, but still there to exist. For the blockchain to work, there must be a new set of rules to validate transaction.

[jokers10]

If there were no bitcoin miners, there is no one validating the block that contains transactions within. Therefore, the blockchain will stop, but still there to exist. For the blockchain to work, there must be a new set of rules to validate transaction.

But, well, if bitcoin would become more and more valuable, the payment for transactions would make mining more interesting for miners, right? So for now everything is based on bitcoin popularity: if it would stay popular, miners would not stop mining, right?

[muslol67]

Bitcoin and other crypto projects all work connected to a blockchain network. Transactions for crypto money projects are very important. Therefore, mining operations are of great importance.

Blockchain mining means no transaction. This is unacceptable.

[ntsdm1]

In principle, on 2 pages You have already been given an exhaustive answer what will happen to bitcoin if there are no miners.It seems to me a shame with your rank to ask such questions.It is quite obvious that without miners there will be no bitcoin.As the car will not go without gasoline and bitcoin can not exist without miners.

[Artemis3]

However that won't happen because if mining falls then normal users can mine using graphics cards and CPUs again

But wouldn't it lead to decreasing the speed of transactions? To me no blockchain network or very-very slow blockchain network is neraly the same. Am I wrong?

Yes you are. No matter what the hashrate is, every 2016 blocks the network adjusts its diff rate so that a new block is found every 10 minutes.

[Biet12]

if there is no miner left then I'm sure bitcoin will be developed better, and made very good so that there are many who are interested and want to join and mine again .

[NavI_027]

the same thing will happen when all the BTCs are mined, there will be no more supply and probably BTC will start growing sky high.

it will happen in more than 100 years from now so you can not possibly begin to predict what will be happening by then. not to mention that in a hundred years from now, bitcoin is either grown fully (as in being mass adopted) or it is simply dead and replaced by something else along the way. in either case there won't be a new growth by then. price might as well be already worth above $10 million per coin.

But I think chances of btc to be replaced is quite higher when that day comes. I guess what will happen is that people will find something new and something more practical instead of sticking to a coin which is already dead. There will be no more investors for btc because everybody is no longer interested, this will result to a very huge dip up to the point where btc will lose its value and just became a memorabilia for one of us. So if eth or xrp able to maintain their good performance 'til that time then probably one of them will become the new king. (IMO)

[caoxuanthuong]

So the simple answer of your questions is that if there will be no miner than no network capacity and anyone can hack and change the information of the Blockchain informaton ( ledger ).Then people will have no faith in Bitcoin then people will start selling there Bitcoin and the time will come you will get 1 Bitcoin at a cost of null or void. Means you will get free Bitcoin as much you want.

[Mighty_crypt]

Bitcoin stays alive through miners because its POW algo coin just as many altcoins out there,if miners stop mining bitcoin will become useless and we will never hear the name again ,miners are what keeps POW coins alive and kicking ,if in the future people choose a better coin over bitcoin then the new coin will be top on the list

[EdenHazard]

Turn off the internet and kill all bitcoin miners then bitcoin will die.

However, this is difficult to hap because every miner already understands the profit that will gets when he becomes a bitcoin miner.

You can imagine when the price of bitcoin is in the range of $1 or $2, there are still bitcoin miners, it doesn't go away.

[erikoy]

The system will not going to work especially if there were trades. The miners were said to be the one to confirm transactions by putting transferred btc into blockchains. Anyway, miner job to.any crypto is very important. Other crypto can use other platform so that is why there are many of it in the market that are im the same block chain which supported by the platform they are using. The most common platform they use is ETHEREUM platform.

[typhucoin2]

I'm not really that good about cryptocurrencies especially the technical stuffs so I would like to know to every what will happened to Bitcoin and other decentralized cryptocurrencies.

These past few months a news spread in the forum that the miners or owners of mining rigs are closing their rigs because of the continous fall price of bitcoin and other cryptocurrencies and some of them are changing what are they going to mine.

I've read some articles online that to maintain the its network is by having a decentralize network of miners what if there are no miners left? What will happened to network and to the bitcoin?

it stops existing

Nope, blocks will just stop being produced and transactions will stop being confirmed. It will be inactive but it'll still exist. At any time, a miner can start hashing again and the blockchain will pick up where it left off.

I've seen this happen before with altcoins. Years ago, I had to start mining an altcoin just to get a transaction confirmed because the chain was dead and I was trying to send coins to an exchange.

I don't think the Blockchain network stops being there. We all know that transactions are made when miners exploit and create it. The cost of partial transactions will be paid to miners. So when miners stop mining, then the creators will think of ways to keep Blockchain and Bitcoin networks alive. This will be the same as when 21 million Bitcoin is fully exploited. People will think of ways for transactions to be maintained but may not be by mining miners

[codegnome]

The answer is very simple - the blockchain network will stop working. All blocks will be saved and you can restore the entire chain and the network at any time. The problem would be in the moment when the chain record will be destroyed.

[Herbert2020]

Turn off the internet and kill all bitcoin miners then bitcoin will die.

killing the internet will kill 90% of the word and cripple 100% of it because although it may not look like it but we depend on the internet more than you know in all our activities specially when it comes to money.
besides killing the internet will not kill bitcoin, we can still broadcast blocks using radio waves and satellites

[bitfocus]

Production stops, price increases, transaction gets delayed - I guess!