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Author Topic: what will happen if the miner stopped mining cryptocurrencies?  (Read 1474 times)

Offline Stompix

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Re: what will happen if the miner stopped mining cryptocurrencies?
« Reply #45 on: April 28, 2025, 01:35:25 AM »
In view of the existing circumstances, even for large projects such as Ethereum, mining has begun to be called off. This just prove that the essence of crypto was not in the creation of machines that dig new blocks but in the need among people to come up with something that is more fair and less oppressive.

First thing, machines don't dig new blocks, nor do they drill for blocks or anything else, they solve blocks!
Second thing, how did ETH fare since it switched from POW? Lost what 5%, 10% ,or 50% against Bitcoin?




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Re: what will happen if the miner stopped mining cryptocurrencies?
« Reply #45 on: April 28, 2025, 01:35:25 AM »

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Offline ZAINmalik75

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Re: what will happen if the miner stopped mining cryptocurrencies?
« Reply #46 on: April 30, 2025, 08:35:26 PM »
I agree with what you said that both are very necessary and inseparable parts and very important and very interconnected. It is indeed very difficult not to have a relationship between them. If they really need each other by themselves, they will always be one unit to need each other.
That's exactly what I meant. So therefore we cannot survive without mining although we are not doing it. Crypto market can be shut down if mining stops. To understand this phenomenon, pretend the internet goes off in all over the world, no one could connect to the network by their nodes.

No one can add any transactions, or create new block etc. Thus no one can make transaction either, no one can use exchanges or dexs whole market will shut down same thing can happen but only few things might be working like maybe exchages will be working.
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Re: what will happen if the miner stopped mining cryptocurrencies?
« Reply #46 on: April 30, 2025, 08:35:26 PM »

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