I think we would be immortal because the consciousness can then be transferred from old server to the new. Once it's in a form of software, it can transferred to any number of new places, thus making you immortal.
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But servers are not eternal. What if they stop working someday?
There are many causes. Lack of energy in the future, a big natural disaster, the Earth destroyed by a meteorite, the ends of life in Earth when our Sun began to enlarge... Even the universe will end someday.
Servers will stop working and we will be inside.