you'll still find blocks at the same rate as you were doing before Yes, but the difficulty adjustment will now also happen more quickly because the confirmatio

you'll still find blocks at the same rate as you were doing before Yes, but the difficulty adjustment will now also happen more quickly because the confirmation times will decrease due to the higher hashing power, and then after that you'll be finding blocks at a much slower rate. The idea of an "easy cycle" and "hard cycle" is interesting, but I'm not convinced it's an issue, because if many miners decide to only mine during the easy cycle and not at all during the hard cycle, the difficulty adjustment will mean that the hard cycle will take much longer (due to increased difficulty AND decreasing hashing power) than the easy cycle, in a way that evens out and removes the arbitrage of only mining during the "easy" cycle. apart from a very small percentage of the time where you find blocks at roughly the same time as someone else Not only that, every time a block is mined you have to spend time to construct a new block, which takes time.