3 ms·
When miners give up, difficulty decreases, miners come back in. Checks and balances.
by wellboy 9y ago
When miners give up, difficulty decreases, miners come back in. Checks and balances.
- wepple 9y agoIf difficulty decreases substantially, it may convince some to re-enter, but no where near as many as exited; otherwise they’ve wouldnt have exited? Still a huge net loss. Also, more of a natural equilibrium than checks and balances.
- shawabawa3 9y agoI discussed that in my comment... But difficulty doesn't adjust fluidly, it's every 2016 blocks. A sudden decrease in hash power causes a sudden increase in block times, which means an increase in the time until the next adjustment