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Isn't the BTC / hash fixed until the difficulty changes? Like, for a given difficulty you should expect N hashes calculated until a block is mined, so if you ki
by pliny 9y ago
Isn't the BTC / hash fixed until the difficulty changes? Like, for a given difficulty you should expect N hashes calculated until a block is mined, so if you kill off half the miners (in terms of hash rate) the time until block mined just becomes twice as long (so now there are half as many miners chasing half as much reward).
- Retric 9y agoBTC Miners make most of their money from transaction fees not block rewards. Fewer blocks = reduced supply = increased costs to get into blocks = higher reward for the same hash power.
- philliphaydon 9y agoAhhhh, this is good to know!
- pliny 9y agoI see, thanks.