what will happen if the miner stopped mining cryptocurrencies?

[Royal Cap]

I was thinking about cryptocurrencies.Then find that cryptocurrencies exist only for the miners. What would happen if the miners stopped mining?
Will cryptocurrencies die?

[PX-Z]

There are plenty of discussion threads about this topic already, whether here in this forum, on Reddit, or even on Bitcointalk. You might want to do a bit more research to determine if this is a genuine question of yours or just a topic for discussion.

[Findingnemo]

Without miners, the network will stall but do we have the possibility of it happening? Hell no.

If the number of miners is reduced the mining difficulty will reduce so more chances to find a block with less hash power so in reality no one will do that and even if it happens due to the other reasons the remaining miners will just continue their operations.

[Charles-Tim]

As long as bitcoin mining is profitable, there will always be miner. What can happen is if bitcoin mining is not profitable, some miners will stop mining, the hastrate will decrease, making the mining difficulty to reducing in a way that mining will be profitable for the remaining miners. Bitcoin mining can not just stop.

I was thinking about cryptocurrencies.Then find that cryptocurrencies exist only for the miners. What would happen if the miners stopped mining?
Will cryptocurrencies die?

Maybe the world is coming to an end and nothing is working as it should. I expect even gold mining to have stopped by that time and people would have stopped working. Something terrible would have happened and threaten human existence.

[Royal Cap]

As long as bitcoin mining is profitable, there will always be miner. What can happen is if bitcoin mining is not profitable, some miners will stop mining, the hastrate will decrease, making the mining difficulty to reducing in a way that mining will be profitable for the remaining miners. Bitcoin mining can not just stop.

Actually, I don't have much idea about this blockchain.If you could provide a link to a good post about this, I could gain better knowledge on this topic.I used to think that blockchain was only used in crypto, but then I heard that voting can be done with blockchain technology.

[Z-crypt]

Cryptocurrency can’t die because mining can never stop but can only get reduced because as long as Bitcoin mining is rewarding and profitable, there will always be someone mining it. Again, not all cryptocurrencies come from mining. For instance, Solana and Ethereum does not rely on mining, instead they use the Proof-of-stake consensus.
Even though mining reduces not all cryptocurrencies will be affected, so i don’t think you should generalize crypto mining because Bitcoin needs to be mined.

[Alone055]

Your research is too limited, my friend. If you had continued and researched a little bit more, you would find out that there is more than one consensus mechanism that is used for different blockchains, and it's not only mining that every cryptocurrency requires for it to operate. It's mainly Bitcoin and some other cryptocurrencies that work on the PoW (Proof of Work) consensus mechanism, which requires miners to use hardware to solve mathematical problems and get rewarded for it, but there are other mechanisms as well, such as PoS.

And, what you are referring to is possible only in theory, but practically, that isn't going to happen because there are too many people and companies who are willing to get into mining but are giving it a second thought only because they think it might not be profitable enough for them, so if current miners stop, they will step in and cover the area.

[electronicash]

only the pow will die once miners stop mining. BTC for instance will die if no miners will mine but why would they do that when the incentives are far greater. what purpose should they have in stopping?

there are cryptocurrencies that doesn't need mining suck as POS. the only need validators in ETH's case.  so many cryptocurrencies with a different consensus and governance. they will survive still.

[NotATether]

Why would anyone stop mining crypto? This is a money printer and you are here suggesting that they will simply turn it off. It doesn't work that way.

Some crypto doesn't even use miners anymore, they use proof of stake.

[taufik123]

Why would anyone stop mining crypto? This is a money printer and you are here suggesting that they will simply turn it off. It doesn't work that way.

Some crypto doesn't even use miners anymore, they use proof of stake.

Some people say that the mining process has a bad effect on the Earth, even though mining machines are not as bad as the factories that continue to operate with pollution that is even more understandable.

And some also stop mining because they don't make a profit because of the lack of mining machinery they have and the huge cost of electricity and maintenance costs required.

Now mining is very easy, even without the need for any tools.
As you said, it only uses proof of ownership and this only runs on POS like Ethereum etc.

[rby]

I was thinking about cryptocurrencies.Then find that cryptocurrencies exist only for the miners. What would happen if the miners stopped mining?
Will cryptocurrencies die?

Cryptocurrency doesn't exist only for the miners, it exists for all. You wanted to say cryptocurrency exists only because miners exist. Asking what happens in the crypto industry when miners stop mining is like what happens to cryptocurrency when buyers stop buying. It is a system and miners constitutes one component such as buyers, traders etc. There is no how every miner will just stop mining because it is a business that is profitable. As Charles-Tim said above, the more individual miners drop, the more profitable mining becomes and this will prompt new individuals to join mining.

[Sim_card]

Mining keep the bitcoin network active and secured, therefore, not all miners will stop mining at once because we have a lot of them in the business. Some will pack up when they are not making profits and the ones remaining in bitcoin mining game will continue because they are making profits. If mining stops, the network will not be active.

[Lucius]

For those cryptocurrencies that are PoW (Proof of Work), such a scenario would mean that they could no longer function unless they were transformed into PoS (Proof of Stake). So in that regard the answer is pretty clear.

When it comes to BTC, the facts say that there are only a little over 1 million coins left to be "mined", and by 2032, 99% of all BTC will have been mined, so the interest of miners will most likely decrease as time goes on.  1% (210 000) of BTC will remain for the next 100+ years and it will be really interesting to see who and how will compete for them.

[jeraldskie11]

For those cryptocurrencies that are PoW (Proof of Work), such a scenario would mean that they could no longer function unless they were transformed into PoS (Proof of Stake). So in that regard the answer is pretty clear.

When it comes to BTC, the facts say that there are only a little over 1 million coins left to be "mined", and by 2032, 99% of all BTC will have been mined, so the interest of miners will most likely decrease as time goes on.  1% (210 000) of BTC will remain for the next 100+ years and it will be really interesting to see who and how will compete for them.

In other words, when the mechanism of a coin is solely POW, all the transaction that are being made after all the miners stop mining will be pending. But it's far from reality that all miners will stop mining. They will continue mining as long as there is a coin left to be mined. With Bitcoin, because of scarcity there's no chances that miners will stop mining. Scarcity makes the price more valuable when times go by, one of best key features of Bitcoin.

[Stompix]

Cryptocurrency can’t die because mining can never stop but can only get reduced because as long as Bitcoin mining is rewarding and profitable, there will always be someone mining it.

Yeah, it will never stop...
What happens if Bitcoin drops to 10k?
All large farms go bankrupt, inase amount of hasrate is gone, due to the difficulty adjustment if this happens during the middle of the week you're going to see a block every 100 minutes instead of 10, and that for the next two and a half months before the difficulty adjustment kicks in, at which point you're still going to see a block every 20 minutes for another month.

You imagine what that will do to the network? A capacity of only 50k transaction  day for two months?

Cryptocurrency doesn't exist only for the miners, it exists for all. You wanted to say cryptocurrency exists only because miners exist. Asking what happens in the crypto industry when miners stop mining is like what happens to cryptocurrency when buyers stop buying. It is a system and miners constitutes one component such as buyers, traders etc.

The moment mining stops, everything else becomes irrelevant.
Traders, merchants, and owners all depend on the blockchain adding blocks with no further blocks there is no bitcoin.
Bitcoin can exist safely without traders or exchanges as it did for years without miners there is nothing.

Why would anyone stop mining crypto?

The same reason I stopped mining Bitcoin. It wasn't profitable anymore.
If we visit 60k due to the orange madman in the Whitehouse, you're going to see how many will do the same!