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Topic
Board Beginners & Help
Re: Bitcoin miner stoped distribute bitcoin
by
Jating
on 26/06/2018, 22:37:23 UTC
what if all miner bitcoin stops working does not generate or distributes bitcoin for one day if it could affect bitcoin price?

You have to understand that there's a lot of miners not just in China, although they have the bulk of the mining farms there. But lets say all of them stops mining, then in just a couple of days bitcoin price will plummet because this will severely impact investors mindset that bitcoin is already dead.

However, realistically, I don't think that all miners will have a collaborative and coordinated effort to shut down everything. Its business at the end of the day. So it doesn't make sense at a business standpoint to just stop it just even for a day because you are also losing money here not just investors or traders.