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Cryptocurrency transactions and mining

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If people stopped mining then the coins currently in circulation could still be moved around. There just wouldn't be more coins added.

exactly, miners just mine, transactions would still work

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If people stopped mining then the coins currently in circulation could still be moved around. There just wouldn't be more coins added.

No, with no miners transactions would not go through.

You are free, act like it~Warfairy. Moar guns. B) #3Dprinting

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No, with no miners transactions would not go through.

Thats what I tought. Because miners also process transactions (and verify them) right?

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Thats what I tought. Because miners also process transactions (and verify them) right?

Read this article  http://www.coindesk.com/information/how-do-bitcoin-transactions-work/

 

Note this part: 

Why must I sometimes wait for my transaction to clear?

Because your transaction must be verified by miners, you are sometimes forced to wait until they have finished mining. The bitcoin protocol is set so that each block takes roughly 10 minutes to mine. 

You are free, act like it~Warfairy. Moar guns. B) #3Dprinting

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People will not stop mining when you can still make profit. After the 21m btc cap, people can still earn the fees from mining. Someone will continue to mine.

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