What if Indian army invades China and destroys all Bitcoin mining farms? Will btc price skyrocket?
>>2960383
>Will btc price skyrocket?
no. espers on yobit will skyrocket.
>>2960383
No? The rate at which new blocks are mined is static (within statistical variance). If the network hashrate suddenly dropped massively, the block difficulty would be adjusted downwards to compensate. There wouldn't be any affect on the rate at which new BTC is being generated.
If anything, BTC would be less valuable afterwards since lower difficulty means less secure.