what will happen if the miner stopped mining cryptocurrencies?

[KryptoBull]

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.,

We can elaborate on this: the Btc blockchain will still exist even if no transactions are made, we'll have a series of empty blocks, similar to Ada's situation before. However, if miners no longer operate to maintain the network, the blockchain won't be able to exist, and that native token, along with many other tokens in its ecosystem, will lose all of its value, possibly temporarily or permanently.

We can also look at the issue more openly: the Sol blockchain has experienced many outages, but SOL still has a high price and a much larger marketcap than many other native tokens in the crypto market. Ultimately, investor confidence will determine the value of an asset in the market.

[Stompix]

We can elaborate on this: the Btc blockchain will still exist even if no transactions are made, we'll have a series of empty blocks, similar to Ada's situation before.

No, we will not have empty blocks as no mining is being done and no blocks are being solved.
The moment miners stop the chains stops and no blocks , not even empty ones are mined.

However, if miners no longer operate to maintain the network, the blockchain won't be able to exist,

Again, wrong! The blockchain will still exist on every node!

[TomPluz]

Of course, cryptocurrency will have a big problem if miners will stop doing their business and this can be so true for Bitcoin. Now, the next question is: What are the possibilities that miners will one day decide they are just closing shop and will refused to stop doing business altogether? The thing is that it is very remote for a situation like that to happening as miners are making some money. They will not stop not even political factor can stop these people just like what happened in China. Miners are very innovative and they can easily adopt to different situations and challenges. But if we can have a global and massive war, maybe these miners will definitely abandon mining and would naturally focus more on survival.

[Faisal2202]

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?

If miners stop mining, then we might face difficulty in getting our transaction processed and validated. Both congestion will be high, and if we say all of the miners will stop, then how we will be able to move our funds from one wallet to another? We could do validation from ourselves by running a node and adding it to the network, but that won't be enough IMO, as we need the whole network.

As validation + confirmation, both are necessary for a TX to be completed. In short, crypto market might cease to exist.

[Asiska02]

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 will not die if the miners stops mining and there is no way the miners will stop mining when all bitcoins left to be mined are not fully mined out in circulation. And if you’re thinking about what will happen after they have all mined the bitcoin left, miners won’t remain jobless because they’ll still be the ones to be confirming transactions on to the blockchain. The miners rewards will not cease still and will continue to be given to them after approving any transaction into the blockchain.

[joniboini]

We could do validation from ourselves by running a node and adding it to the network, but that won't be enough IMO, as we need the whole network.

Maybe I misunderstood this, but adding a new node doesn't mean we can mine a new block. We still need a miner to do that (unless you're referring to solo mining in this case). Anyway, if this is specifically about Bitcoin, I do agree that we'll see a lot of congestion when the number of miners is low while the difficulty is really high. I won't say the market will die because of that, though. We'll see a lot of bloodbath for sure, but there are tons of PoS chains out there. Maybe the scale of the market will be significantly smaller if such an extreme situation happened, but I doubt crypto will fully die because of that. CMIIW.

[CPalmer]

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 will not die if the miners stops mining and there is no way the miners will stop mining when all bitcoins left to be mined are not fully mined out in circulation. And if you’re thinking about what will happen after they have all mined the bitcoin left, miners won’t remain jobless because they’ll still be the ones to be confirming transactions on to the blockchain. The miners rewards will not cease still and will continue to be given to them after approving any transaction into the blockchain.

It seems the OP meant if cryptocurrency will stop existing if miners stopped mining them…in this case he might be referring to Bitcoin.

Personally, I would have said no in the case of Ethereum which rely on Proof-of-Stake but in the case of Bitcoin that is PoW it will definitely be affected if miners stopped but the whole cryptocurrency ecosystem will continue to exist.

[Faisal2202]

Maybe I misunderstood this, but adding a new node doesn't mean we can mine a new block. We still need a miner to do that (unless you're referring to solo mining in this case). Anyway, if this is specifically about Bitcoin, I do agree that we'll see a lot of congestion when the number of miners is low while the difficulty is really high. I won't say the market will die because of that, though. We'll see a lot of bloodbath for sure, but there are tons of PoS chains out there. Maybe the scale of the market will be significantly smaller if such an extreme situation happened, but I doubt crypto will fully die because of that. CMIIW.

I exactly meant that, we do need miners for precessing and addition of new block, so we need validator + miners both. Therefore if we specifically talk about BTC it could be dead but even if we talk about any other mechanism based network like pwos pos etc. They still wont survive.

This would never happened, because till 2140 not all the BTC will be mined Google says, if that's true till then we are going to see miners, they're not going anywhere. So we really don't have to worry about this, it was a big if answer.

[Auwal01]

Though it is clear that cryptocurrencies are a digital marketplace that helps and bursts many people's lives in terms of financial freedom, I don't think that saying money printers will stop working is appropriate because, in my opinion, the cryptocurrency market is on a different level and won't stop existing.

[lepbagong]

obviously there will be no effect of crypto with mining, because two different things because miners will stop if the calculation that is mined with expenditure will be greater than the expenditure then by itself the miners will stop but not with crypto it will continue to exist.
because in principle crypto is not only because of mining but there are many aspects that can happen and all can run with many who participate in it and are not directly connected to mining alone.

[ZAINmalik75]

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.

You are right with only trading crypto won't work even if we do the deals hand to hand we need more mined token so if miners stop mining then they will find something else although this can't be a situation ever but if we suppose they stopped then something else alternative to mining will come up like pre-mined tokens.

BTC and other mineable coins will be affected only which can affect the market in a big way. Not healthy although this is like some fictional discussion which will never happen, it is like the internet going off on all over the world or electricity going off on all over the world and no one could make a transaction using their devices it is same as miner stops mining.

[ZAINmalik75]

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.

No this was not what I meant, mining is the necessary part of the cryptocurrency world and trading too. Without mining we cannot send asset from one non custodial wallet to another in other words we can't make on chain transaction which can be troublesome and without trading it can be difficult to swap and sell and buy the coins we require.

Both are the necassary parts, what I meant was, it does not only work with miners but it won't mean it will work just fine without it.

[lepbagong]

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.

No this was not what I meant, mining is the necessary part of the cryptocurrency world and trading too. Without mining we cannot send asset from one non custodial wallet to another in other words we can't make on chain transaction which can be troublesome and without trading it can be difficult to swap and sell and buy the coins we require.

Both are the necassary parts, what I meant was, it does not only work with miners but it won't mean it will work just fine without it.

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.

[Stompix]

because in principle crypto is not only because of mining but there are many aspects that can happen and all can run with many who participate in it and are not directly connected to mining alone.

False.
Without mining, be it PoS or Pow, there will be no crypto because you can't exchange it anymore, you can't move it anymore, so who is going to pay you something for your coins when they can't receive them?

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.

You still don't realize that without mining there is no purpose for any coin and there is no utility for it.

[enwi]

obviously there will be no effect of crypto with mining, because two different things because miners will stop if the calculation that is mined with expenditure will be greater than the expenditure then by itself the miners will stop but not with crypto it will continue to exist.
because in principle crypto is not only because of mining but there are many aspects that can happen and all can run with many who participate in it and are not directly connected to mining alone.

My opinion is that to speak about the cessation of crypto development is quite impossible as long as mining activity is declining. Mining was prominent in the proof of work of crypto but the future is multiplied with proof of stake, application, and excitation of the blockchain applications on the real world. 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.