Difficulty adjustment.
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So if you 1000x'ed the hashrate instantly... that's (10 * 60) / 1000... a block would get mined every 0.6 seconds on average for 20 mins until the difficulty tripled, and then that tripling would happen again 6 or 7 times to get back to the 10 min blocktime (I think) Would definitely clear out the mempool!