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Author Topic: The Economy of Mining  (Read 1303 times)
jirakst (OP)
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March 10, 2015, 08:32:47 PM
 #1

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!
MCHouston
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March 10, 2015, 09:10:19 PM
 #2

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.

BTC 13WWomzkAoUsXtxANN9f1zRzKusgFWpngJ
LTC LKXYdqRzRC8WciNDtiRwCeb8tZtioZA2Ks
DOGE DMsTJidwkkv2nL7KwwkBbVPfjt3MhS4TZ9
jirakst (OP)
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March 10, 2015, 09:57:02 PM
 #3

OK, thanks a lot.
desertfox470
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March 11, 2015, 04:52:20 AM
 #4

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.
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