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I’m making an attempt to know the scaling impression of mining from a selected perspective.
I basic I learn that mining rewards are roughly linear to the hashrate. Nevertheless may giant miners or swimming pools not keep away from inefficiency the place their efforts overlap?
As a simplified instance:
Suppose there are 10 resolution candidates and also you personal 20% of the hashrate. Then you may decide candidate 1 after which candidate 2. Reasonably than two unbiased folks with 10% every the place the primary one may select 1 and the second individual has a ten% likelihood to additionally decide 1.
I assume it would not work like this however am curious if that’s appropriate and why.
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