3 ms·
Is this even viable? Due to the non-linearity of block rewards -- reward as a function of time spent working on a block is not constant -- an individual miner
by QML 8y ago
Is this even viable?
Due to the non-linearity of block rewards -- reward as a function of time spent working on a block is not constant -- an individual miner is always incentivized to pool hop after a certain point [1].
[1] http://www.cs.huji.ac.il/~yoadlew/bitcoin.pdf http://www.cs.huji.ac.il/~yoadlew/bitcoin.pdf
- kylebenzle 8y agoYou are right, the argument (against bitcoin) holds no water and comes from a place of ignorance (and probably fear).