If the price keeps falling perhaps we'll see a drop but it's not going to be cut in half just like that
If the price keeps falling and stays down: we may see a flattening out of the hash rate in 6 to 12 months, possibly a dip, but doubtful; it would most likely mean the end of exponential increase in difficulty ---- stretched out in time, due to miners having committed capital for mining operations beginning months in the future.
I do not necessarily expect much of the network hash capacity to just up and quit any currently mining operations, as they already spent the investment on the expensive gear, and there are very likely many miners with pre-orders of mining equipment as well, some which have committed and can't just cancel or back out.
Would most likely serve to raise the bar on minimum hashes per unit of investment expense,
for new mining operations.
