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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (169613)	3/18/2021 11:31:43 AM
From: Roads End	Read Replies (1) \| Respond to of 218869

The way I understand bitcoin mining is that winner take all. That is the first to resolve the hash gets the prize. All others that were mining for that block get nothing and the energy they used is wasted. Now wash rinse and repeat for each new block mined. However, over time, 1) more miners are added to the competition and 2) the number of coins offered becomes fewer with each halving as the 21 million coin limit approaches. On top of those two factors, the management of the hash will be adjusted to be made more difficult to resolve as the competition increases. Kind of reminds me of shale oil.