3 ms·
Even if you controlled 50% of the mining pool then it wouldn't increase by more than a factor of 4. (It would jump from 2/3 to 1). It's about the fact that you
by eterm 11y ago
Even if you controlled 50% of the mining pool then it wouldn't increase by more than a factor of 4. (It would jump from 2/3 to 1).
It's about the fact that you mine more efficiently not suddenly mining a lot more bitcoin. (You actually mine fewer blocks overall but at a larger reduction in running time costs than the reduction in mining.)
- chrisfosterelli 11y agoThe target isn't the same as the difficulty. The target is what is limited to a factor of 4, not difficulty. Mining "more bitcoin" or mining "more efficiently" don't matter. What matters is the speed at which 2016 blocks are produced network-wide.