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According to their FAQ: No. There's a constant average rate of new Bitcoins created, and that amount is divided among the nodes by the CPU power they use.
by seancron 16y ago
According to their FAQ:
No. There's a constant average rate of new Bitcoins created, and that amount
is divided among the nodes by the CPU power they use. When Bitcoins start
having real exchange value, the competition for coin creation will drive the
price of electricity needed for generating a coin close to the value of the
coin, so the profit margin won't be that huge. The easier way to gain a lot
of wealth would be trading goods.
At the moment, though, you can generate new coins quite profitably, if you
expect them to have real value in the future. If you choose to, be aware that
Bitcoin is still experimental software.
http://www.bitcoin.org/faq#So_your_wealth_is_determined_by_the_amount_of_CPU_power_you_have http://www.bitcoin.org/faq#So_your_wealth_is_determined_by_t...
- Groxx 16y agoThat's not quite accurate, as it changes over time (just above that in the FAQ), and you cannot "discover" bitcoins which are already known. The difficulty in finding a new one increases as each new one is found, if only slightly.