Firstly, I do not know that topic have mentioned yet, so if there are some threads like that, please tell me.
there is roughly about 3-4 topics about this subject on the forum. search keywords like "power consumption" and "mining" and things like that and you will find them!
The miners quit and what happened next?
what you need to learn about is "difficulty" it is not some fixed number that rises with block height. it is a number that is mainly
adjusted based on hashrate or in other words how many miners are there. if a miner quits, the hashrate goes down and the difficulty adjusts accordingly to make it easier to find blocks for the rest of the remaining miners. the opposite will happen when more miners come in and increase the hashrate.
it is done so that we have 1 block every 10 min or more accurately 2016 blocks per 2 weeks. so no matter how many miners there are we will end up having this much blocks in the fixed time frame of 2 weeks which is the difficulty adjustment period of bitcoin.
It's so odd that difficulty seems to not be well known with the new users, its a staple to how Bitcoin distribution works.
It’s true but it seems that this is the field of miners and they are newcomers who have just learned to be hodlers and learn about crypto from the economic side first, just a few of them who understand the technical aspects of Bitcoin
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