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The difficulty of mining the next block is a function of the hash rate. Miners quit, hash rate goes down, it becomes easier to mine the next block. That said,
by dustintrex 5y ago
The difficulty of mining the next block is a function of the hash rate. Miners quit, hash rate goes down, it becomes easier to mine the next block.
That said, the "price" (in USD) is a function of supply and demand and is completely disconnected from this. The price of a BTC could drop to $1, and mining would still work fine.
- vmception 5y ago> Miners quit, hash rate goes down, it becomes easier to mine the next block. only after the difficulty adjusts downward which could be as long as 2016 blocks