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Also isn't fewer miners => reduced difficulty => higher chances of solving the puzzle => greater chance of a successful mine => potential profit?
by Jagat 9y ago
Also isn't fewer miners => reduced difficulty => higher chances of solving the puzzle => greater chance of a successful mine => potential profit?
- raesene9 9y agoFewer organizations mining doesn't necessarily mean lower hashrate. As new hardware comes online for the big miners the hashrate could still increase whilst the number of organizations mining decreases.
- leovailati 9y agoYes, but only momentarily. These big consolidated miners will keep investing in their highly efficient hardware and mining power will keep going up.