Quote from: Pursuer on June 25, 2018, 05:29:00 AM

Quote from: kominfo.id on June 25, 2018, 03:48:27 AM

what if all miner bitcoin stops working does not generate or distributes bitcoin for one day if it could affect bitcoin price?

there aren't a small number of miners like 5 miner to stop mining all of a sudden! there are thousands of miners who are mining bitcoin, possibly more. they won't just stop all at once and out of the blue for no reason.
these "what if" questions need to have some reality to it so that they can be answered. otherwise you will be entering the realm of science fiction.

in reality what can happen is that price can go down so that mining profit can fall so miners start to go away. then difficulty will come down so it becomes profitable again. even if price falls to $1 and a lot of miners leave still difficulty will come down and mining will become easy. until you can mine bitcoin with your computer again. so at the end of the day if all the miners leave you can start your PC and mine bitcoin with it. so it won't die.
in short miners don't leave the price takes effect. price changes (up or down) then miners come in or go out.

I am not sure if difficulty is tied with block number or it is tied with the amount of hash power generated. But if I believe the post of "Pursuer" then I can imply that drop in price cause drop in hash rate (as miners moved away). Now difficulty decrease and mining will become again profitable.