Re: What if a large number of miners were suddenly forced to shut down?
95% of miners are suddenly offline.
Be it a new law or an EMP strike. What would happen to bitcoin?
Be it a new law or an EMP strike. What would happen to bitcoin?
Confirmation of transactions would take longer untill we hit the next difficulty adjustment. After that difficulty would be decreased. I am not 100% certain if there is a maximum the difficulty can change per adjustment, but I suspect there is.