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The total hashpower of a coin adjusts to the point where the total cost to deliver that hashpower is just below the total mining reward. Thus, a coin that issu
by tgsovlerkhgsel 5y ago
The total hashpower of a coin adjusts to the point where the total cost to deliver that hashpower is just below the total mining reward.
Thus, a coin that issues $50k worth of coin per day will have $50k/day worth of hash power. If difficulty goes above that, mining becomes unprofitable.
- dataangel 5y agoThat's correct, that's the kind of equilibrium that should be reached. I'm just pointing out that price increases can find from supplier costs going up, not just from increased demand.