Viewing a response to: @ender/re-adambalm-my-thoughts-on-how-the-bitcoin-fork-will-play-out-20170329t001732474z
I just did the math real quick and Bitfury has 12% of the hash power today. This gets them about 216 Bitcoins a day or $216,000 USD at current prices. 25% of 216 is 43 Corecoins a day or $43,000 USD a day while they are still incurring the same operating costs for 2 months. At the end of the day the Corecoins they are mining could end up being worthless, where Bitcoin will just keep doing it's thing.
| author | adambalm |
|---|---|
| permlink | re-ender-re-adambalm-my-thoughts-on-how-the-bitcoin-fork-will-play-out-20170329t041314211z |
| category | bitcoin |
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| root_title | "My thoughts on how the Bitcoin fork will play out." |
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But wouldn't they get more coins if there was less competition? 4 x as more to be exact? I assume with that has lh they get 12 percent of coins but if you lost hat much hash wouldn't they get 48 percent of coins?
| author | ender |
|---|---|
| permlink | re-adambalm-re-ender-re-adambalm-my-thoughts-on-how-the-bitcoin-fork-will-play-out-20170329t200015052z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
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