Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Mining Just Stopped?
by
garmerys
on 30/10/2016, 08:57:38 UTC
What would happen if all these large mining farms just up and quit business?  They have allow of money in bitcoin and all, but what if one of them decided to try to pump the price and then just stopped mining, or just stopped mining for some reason.   Is there enough power throughout the rest of the world to keep bitcoin running and confirming?


Your thread title is a bit misleading.

I thought that bitcoin mining really stopped. Grin

It won`t be a disaster if bitcoin mining stops.Bitcoin will continue to exist.
Of course bitcoin miing can only stop when the all the mineable coins have all been completely mined. Even at then, bitcoin transaction will still continue as new blocks will be generated but with zero new bitcoins so stop thinking negative about bitcoin system.