What happens if miners stop mining Bitcoin?
I'm wondering about the potential consequences if miners decide to halt the process of mining Bitcoin. Would the network collapse or would there be other implications?
What happens to Bitcoin if miners stop mining?
If miners were to suddenly stop mining Bitcoin, what would be the potential consequences? Would the network collapse, or would there be some other mechanisms to keep it afloat? Would the value of Bitcoin be significantly impacted? Would transactions still be processed, or would they grind to a halt? And what role would existing miners and the community play in such a scenario? Could Bitcoin recover from such a disruption, or would it be a fatal blow to the cryptocurrency?