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Author Topic: Would the ease of mining be alleviated by lower tx volume?  (Read 461 times)
Harry Hood
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November 18, 2015, 05:51:55 AM
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If miners are earning blocks based on the amount of transactions they're validating, and mining requires so much computing effort to pay off these days, if the volume of transactions decreased would the computing effort decrease as well?

Thanks.

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Harry Hood
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November 19, 2015, 04:40:53 AM
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Is this a stupid question? Is this why no one has responded?

Any education is good education...

GriffinHeart
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November 19, 2015, 05:57:38 PM
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Well, no.
Simply. 1 Block (currently) = 25BTC. This block doesn't have to be full of transactions to be sent out. Even if it isn't full, it's still worth 25BTC and the amount of miners hacking at the same block does not decrease at any point in time. Miners decreasing = less difficulty. Miners increasing = more difficulty. Difficulty is not affected by number of transactions running through it.
For instance if you go to a newly released altcoin that people don't transact quickly/at all, the blocks keep coming and miners keep mining.
To be honest, it is a stupid question.  Tongue

Hi there, I'm from South Africa.
This means I'm poor, I guess.
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