This question already has an answer here:
If no new coins are created by mining after 12 million bitcoins as of today, what kind of impact will it have on bitcoin value. Transaction fees will still be set for confirmations.
2
marked as duplicate by Nate Eldredge, cdecker, Murch♦, Stéphane Gimenez, dchapes Dec 11 '13 at 17:30
This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.
-
1If everybody stopped mining right now, bitcoin would be dead. The mining process is what confirms bitcoin transactions, without it, no transactions can ever be made and validated. – us2012 Dec 8 '13 at 2:22
-
edit: if transaction fees becomes reward and new coin rewards were stopped – Seshu Bonam Dec 8 '13 at 7:42
-
In that case, you might want to look at these questions: bitcoin.stackexchange.com/questions/3111 , bitcoin.stackexchange.com/questions/876 They deal with exactly this problem. – us2012 Dec 8 '13 at 14:52
