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Nothing much honestly. Mining in Bitcoin (and the other cryptos) adapter to the amount of miners, and will still produce a similar amount of coins and work as
by lawn 5y ago
Nothing much honestly.
Mining in Bitcoin (and the other cryptos) adapter to the amount of miners, and will still produce a similar amount of coins and work as normal.
Sure, there are extreme cases like if a very significant amount of miners would suddenly stop, then the blocks would come in at a much reduced rate until the algorithm adapts itself.
And if too many stops mining though, then the chain becomes too easy to attack, which would (err, should) destroy its value.
- ianai 5y agoI did use the word “significant” in my original question. The following reply to this question makes it sound pretty dire: https://www.quora.com/What-if-everyone-stop-mining-Bitcoin https://www.quora.com/What-if-everyone-stop-mining-Bitcoin