Author

Topic: The Economy of Mining (Read 1335 times)

sr. member
Activity: 542
Merit: 251
March 10, 2015, 11:52:20 PM
#4
Hello,

I would like to ask what happen if number of miners get trippled.
Will be then amount of BTC mined with the same hashpower 3x less?
Thanks!
The difficulty would increase making the chance of someone finding a block much harder. It would still be the same block reward.
newbie
Activity: 2
Merit: 0
March 10, 2015, 04:57:02 PM
#3
OK, thanks a lot.
hero member
Activity: 882
Merit: 500
Where am I?
March 10, 2015, 04:10:19 PM
#2
Hello,

I would like to ask what happen if number of miners get trippled.
Will be then amount of BTC mined with the same hashpower 3x less?
Thanks!

Your chance of finding a block will decrease, as now the new miners will be getting blocks too.
newbie
Activity: 2
Merit: 0
March 10, 2015, 03:32:47 PM
#1
Hello,

I would like to ask what happen if number of miners get trippled.
Will be then amount of BTC mined with the same hashpower 3x less?
Thanks!
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