Can Bitcoin survive without mining?

Bitcoin mining, an essential aspect of the cryptocurrency's existence, relies heavily on specialized, high-powered computers. These machines, designed solely for mining purposes, can be extremely costly, with prices ranging from hundreds to thousands of dollars.

Despite the financial investment required, Bitcoin mining is crucial to the cryptocurrency's functioning. It serves as the backbone of Bitcoin's "proof-of-work" protocol, a fundamental mechanism that validates transactions and secures the network.

Without mining, Bitcoin would lose its decentralized and secure nature. The process ensures that new coins are created at a predictable rate and that the ledger of transactions remains tamper-proof.

BTCC, a prominent cryptocurrency exchange, offers a range of services tailored to meet the needs of miners and traders alike. One such service is spot trading, which allows users to buy and sell Bitcoin and other digital assets directly.

In addition to spot trading, BTCC also provides futures trading, enabling traders to speculate on the future price movements of Bitcoin and other cryptocurrencies. This feature offers greater flexibility and potential profit opportunities for advanced traders.