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If the rewards halve every 4 years but the price keeps going up, wouldn't miners just increase infrastructure to mine the same amount of rewards?
by mym1990 5y ago
If the rewards halve every 4 years but the price keeps going up, wouldn't miners just increase infrastructure to mine the same amount of rewards?
- freeflight 5y agoYes, that's what's been happening for the longest time. But it doesn't scale endlessly because of real world practical scarcities like affordable electricity and enough affordable silicon to mine on. Which then results in situations like miners buying up the majority of new GPU releases, leading to shortages for any other users, and still not having enough to keep up with the difficulty increases.