Bitcoin Forum

Bitcoin => Mining support => Topic started by: jirakst on March 10, 2015, 08:32:47 PM



Title: The Economy of Mining
Post by: jirakst on March 10, 2015, 08:32:47 PM
Hello,

I would like to ask what happen if number of miners get trippled.
Will be then amount of BTC mined with the same hashpower 3x less?
Thanks!


Title: Re: The Economy of Mining
Post by: MCHouston on March 10, 2015, 09:10:19 PM
Hello,

I would like to ask what happen if number of miners get trippled.
Will be then amount of BTC mined with the same hashpower 3x less?
Thanks!

Your chance of finding a block will decrease, as now the new miners will be getting blocks too.


Title: Re: The Economy of Mining
Post by: jirakst on March 10, 2015, 09:57:02 PM
OK, thanks a lot.


Title: Re: The Economy of Mining
Post by: desertfox470 on March 11, 2015, 04:52:20 AM
Hello,

I would like to ask what happen if number of miners get trippled.
Will be then amount of BTC mined with the same hashpower 3x less?
Thanks!
The difficulty would increase making the chance of someone finding a block much harder. It would still be the same block reward.