Miners' strike!

[GiGa#]

Bots and traders have hammered the price of bitcoin in 2014. Enough is enough!

What if miners all around the world would unite and decide to strike all at once?  No more mining of bitcoin until the price goes back to decent profitability levels?

The network would stall for about 10 days - granted.  But, the message would go load and clear to those "Wall Street" traders... respect the producers of bitcoin!

[digicoinuser]

Eh, what?

Why do you think it would rise if the mining was to stop?

[vortexz]

Ok I have a better ideea
Everyone stop hashing and let me be the only hasher !
I will make some nice coins for myself hahaha

[K210]

heres a better idea - how bout everyone stop mining for a day and let me mine all day, solo mining starting to look very profitable

[mavericklm]

what
 

[-ck]

heres a better idea - how bout everyone stop mining for a day and let me mine all day, solo mining starting to look very profitable

You still wont find a block any easier, as the diff is still fucking high...

[mavericklm]

he will only get a lot of transactions fee's?

[Dexter770221]

he will only get a lot of transactions fee's?

Only if he finds a block. And that maybe difficult without petahashes...

[mavericklm]

yes, i forgot about that

[Bananana]

Ok I have a better ideea
Everyone stop hashing and let me be the only hasher !
I will make some nice coins for myself hahaha

Nah, you actually have to take a hell long to mine cause the difficulty is stuck at really high for many many months. Difficulty don't retarget immediately like some alt-coin do

[SMB-2525]

Bots and traders have hammered the price of bitcoin in 2014. Enough is enough!

What if miners all around the world would unite and decide to strike all at once?  No more mining of bitcoin until the price goes back to decent profitability levels?

The network would stall for about 10 days - granted.  But, the message would go load and clear to those "Wall Street" traders... respect the producers of bitcoin!

Traders are not driving down BTC prices. It is miners who must sell most of their output in order to keep mining.
The issue for miners is BTC mining is a zero sum game - you invest to take production away from the competition.

[spazzdla]

Wat... this has "let me do a double spend" written all over it.

[notlist3d]

Wat... this has "let me do a double spend" written all over it.

It also has someone who was not thinking.  Not even a chance this will happen.