Quote from: metalglowd on December 12, 2017, 11:10:30 PM

Quote from: webtricks on December 12, 2017, 04:13:50 PM

Quote from: Hobo66 on December 12, 2017, 03:36:30 PM

I heard that bitcoin is controlled by we users and miners,
so I wonder what would happen if all the bitcoin miners stop mining bitcoin?.

I'm curious to know what would happen to bitcoin. Undecided

This is certainly not going to happen. Bitcoin mining is based on the concept of - Mining Paradox.
Suppose 10 people are mining Bitcoins and earning profits. Now seeing them 10 more enter. Earlier mining profit was distributed among 10 people and now 20. Suppose 10 more people enter, now mining become non-profitable as well as miners have to bare losses. As a result, several will leave mining. Now suppose 20 miners leave mining, once again mining will become profitable and new miners will enter. So this circle will continue but never drop to zero.

PS: Well, if something similar happens, I am ready with my small mining rig. When everyone else stop mining, I will start with it and become millionaire the very next day. Cheesy

But im still curious about what the relationship between these miners with the whole transaction of the blockchain.
i thought these miners only do an activity with the pools, and there are no relation with the transaction network

Not all miners work in pool. Pool refers to a group of miners who pool their resources and earn collective profits.
Else otherwise, miners have much to do with transaction network. Bitcoin ecosystem can't work without miners. They are in direct/positive correlation with Bitcoin. A moment mining stops, all pending btc transactions will come to neutral gear too.