what will happen if the miner stopped mining cryptocurrencies?

[bhadz]

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?

There are cryptos that are not POW. That's why even without miners, they can be bought and has a premined supply. But going with the question if the miner stop mining crypto, there will be no one to confirm our transactions. There will be no one to maintain the security of the network because aside from mining cryptos, they're also helping to make the network stable and clear.

[Z-tight]

For every miner in the world to shut down and pack their gears, then mining has to be completely unprofitable, will it happen, i really doubt it, have some miners stopped mining because they couldn't make profit? Yes.

The mining difficulty is also there to find a balance and keep mining going, so i don't think there is a risk of all miners stopping.

[bayu7adi]

Despite the impossibility of it happening, because there are factors where the income will be large if there are only a few miners, then I will still assume that the miners really disappear for other reasons....

What will happen, is clear, the network will die and coins can no longer be transacted.... no one to process blocks, that means all transactions will be stuck and stopped.... I think that's the end of everything, until someone acts as a miner again..

[Crwth]

Why would miners stop? They get rewarded for doing it. I don't think that's going to happen, though. A lot of this kind of discussion has been discussed, and I believe you should research some of it.

Try to understand why it's not going to happen.

[albon]

Even when bitcoin mining is declared closed, the network of transactions can still be broadcast. No matter how close we get to Bitcoin so people are constantly wondering what the future holds. However, Bitcoin miners will be the ones who will suffer the most from such problems. This is not a problem because we will not be getting a new supply of bitcoin, so it has been suggested that the trade fees will probably be enough to meet the needs of miners. although the reasonableness of the claim is debatable.

[Stompix]

Even when bitcoin mining is declared closed, the network of transactions can still be broadcast.

You can broadcast transactions how much you want , if there is no block solved and added to the blockchain, there is no successful confirmation.
Without miners, there are no finalized transactions and nothing one can do about it.
Although close to impossible, if the situation were to arise, there is no quick fix solution for it.

The mining difficulty is also there to find a balance and keep mining going, so i don't think there is a risk of all miners stopping.

The difficulty adjustment is actually the weakness here.
If 90% of the miners would quit till you reach the difficulty adjustment you're going to have a block every 100 minutes for 5 months, assuming all quit at the strat of the epoch.

[Crypto Library]

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?

Are you just asking about the Bitcoin mining?

To know the answer to this question, you first need to know what actually happens through Bitcoin mining. Bitcoin miners confirm each transaction through mining that's how we transact our bitcoin.
Now I think by yourself  you would understand what will happen if Bitcoin miners turn off mining. If all the Bitcoin mining is turned off, then since it is based on POW, no one will be able to make any new transactions through Bitcoin. Thus, the coins that are under POW will also be in the same situation if their miners turn off mining.

[Wiwo]

The obvious and sad truth is that'd there are no minners there won't be anything like Bitcoin transaction confirmations and once that is not there it means the Bitcoin network is granded this makes it impossible for Bitcoin miners to become suddenly unreachable and the network becomes offline.

As far as there is profitability in running a Bitcoin mining farm it will make much sense that only those with the knowledge are made to operate mining rings so as they make the profits there will always be a miner willing to mind the next block.

[lepbagong]

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?

A reasonable question if someone asks, but will it happen? Of course, the answer can happen and also cannot happen, Where all that mining will be done is still valuable or not? During mining, it can make a lot of money. It can be said that no one will stop mining.
So there is no need to worry, as long as it is profitable, the miners will not stop.

[ZAINmalik75]

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?

No, cryptocurrencies does not exist for the miners only, who you think these miners sell these tokens after mining, do you think they keep the mined tokens to themselves? If yes then how can it be profitable to them?

Your concept is wrong, first you should give us some idea of what do you know about mining and how this market works. For starters I can tell, these miners sell their mined tokens to the buyers and then buyers either do trading or investing that depends on them and the market and demand of the tokens.

[lepbagong]

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?

No, cryptocurrencies does not exist for the miners only, who you think these miners sell these tokens after mining, do you think they keep the mined tokens to themselves? If yes then how can it be profitable to them?

Your concept is wrong, first you should give us some idea of what do you know about mining and how this market works. For starters I can tell, these miners sell their mined tokens to the buyers and then buyers either do trading or investing that depends on them and the market and demand of the tokens.

I think you are right that crypto is not only about mining, because it is by trading that crypto can run too.
I think miners will not immediately sell whatever they get immediately but will store it and will sell when the price is considered profitable for them. However, with the aim of mining, all costs that have been incurred will be calculated whether they is appropriate at that time to be able to receive profit or not before intending to sell it.

[MrSpasybo]

I think you are right that crypto is not only about mining, because it is by trading that crypto can run too.

I think miners will not immediately sell whatever they get immediately but will store it and will sell when the price is considered profitable for them. However, with the aim of mining, all costs that have been incurred will be calculated whether they is appropriate at that time to be able to receive profit or not before intending to sell it.

We have miners in POW and forgers in POS. If every blockchain abandons POW to use POS, miners will no longer exist. However, the possibility of BTC abandoning POW is very low because the decentralization and strength of the BTC network depend on miners and a decentralized mining system worldwide. Miners participate in the crypto market to generate profits, there's no reason for them to give up this job and opportunity.

However, suppose every mining system of BTC miners encounters some silly software bug and stops working for a few days. The crypto market will fall into crisis even if everything can be quickly restored afterward. In the event of a global power outage due to a solar storm, we would then worry about many survival issues instead of paying attention to BTC ^^

[Sim_card]

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?

No, cryptocurrencies does not exist for the miners only, who you think these miners sell these tokens after mining, do you think they keep the mined tokens to themselves? If yes then how can it be profitable to them?

Your concept is wrong, first you should give us some idea of what do you know about mining and how this market works. For starters I can tell, these miners sell their mined tokens to the buyers and then buyers either do trading or investing that depends on them and the market and demand of the tokens.

I think you are right that crypto is not only about mining, because it is by trading that crypto can run too.
I think miners will not immediately sell whatever they get immediately but will store it and will sell when the price is considered profitable for them. However, with the aim of mining, all costs that have been incurred will be calculated whether they is appropriate at that time to be able to receive profit or not before intending to sell it.

Mining and trading goes hand in hand. Trading, investing and mining keeps the network ongoing and if any of them is missing, it will definitely affect bitcoin in one way or the other. Whatever amount of bitcoin that you have must be sold in future and you cannot keep them in an exchange to avoid loss of asset.

[bayu7adi]

Mining and trading goes hand in hand. Trading, investing and mining keeps the network ongoing and if any of them is missing, it will definitely affect bitcoin in one way or the other. Whatever amount of bitcoin that you have must be sold in future and you cannot keep them in an exchange to avoid loss of asset.

But at least when investment activity is lost and banned, Bitcoin can still be transacted, because there are still miners who will process your transactions... the price of Bitcoin may drop drastically but it can still run with traffic that is not as dense as it is now...

Then if the miner is lost and leaves the network, then all transactions will not be able to occur... assume there are no miners at all processing Bitcoin transactions, then your transactions will be stuck and trading and investment activities will also be meaningless...

Like the human body, the miner is the heart that circulates blood throughout the body... while trading or investment activities are the legs and hands... improvising so that the body can be more perfect....

[Stompix]

Mining and trading goes hand in hand. Trading, investing and mining keeps the network ongoing and if any of them is missing, it will definitely affect bitcoin in one way or the other. Whatever amount of bitcoin that you have must be sold in future and you cannot keep them in an exchange to avoid loss of asset.

Bitcoin can exist without trading, it has done so for years.
Bitcoin can't exist without mining, the moment that stops you can't transfer value anymore, it's done.

And no, trading is not something that Bitcoin needs, moreover, it's trading that affected its adoption as a currency.,