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> the returns on mining the remaining 'altcoins' will fall equal to the level of new mining power that enters. Can you expand on this?
by josefresco 5y ago
> the returns on mining the remaining 'altcoins' will fall equal to the level of new mining power that enters.
Can you expand on this?
- ArkanExplorer 5y agoAll of the people currently mining Ethereum will switch to mining other coins. But, the mining rewards for those other coins are typically static. So you'll have a dramatically increased number of GPUs chasing the same number of coins - which is going to result in increased mining difficulty and reduced profits, potentially dramatically reduced.