Post
Topic
Board Bitcoin Discussion
Re: Could Bitcoin theoretically survive under manual mining only?
by
ekoice
on 26/03/2016, 14:14:07 UTC
Well technically it could work. However, take a look at:
Quote
One round of the algorithm takes 16 minutes, 45 seconds which works out to a hash rate of 0.67 hashes per day.
Unless there we a emergency fix that would lower the difficulty, this would be pointless. Additionally, do you really think that someone would worry about Bitcoin mining in a 'massive nuclear war'?

What about nodes? how do you check funds and validate transactions?
If there were nodes with connections, they would still work. Technically you don't need mining for nodes to operate (albeit you won't have confirmations).
Yeah I know that in a realistic scenario this wouldn't be a worry on people's mind, im just theoretically imagining if Bitcoin could survive in a scenario where no computers are there anymore to do the calculations for you.
Also, no computers at all and no internet.. in this case I don't see it happening, even theoretically speaking.
Yes I do agree with the comments in a scenario when no computers are there then no survival of bitcoins might show in lieu of calculations and to maintain a theoretical system and in case of bad incidents without internet it is not possible as well since it is a digital currency and can not survive without computers and internet. I would love to hear comments from others to get more information for my knowledge.