Re:Founders Fund Makes Bet on Bitcoin
by sly010 on Tuesday January 02, 2018 @02:29PM
(#16054661)
But is there additional value in more (proof of) work or are the returns diminishing?
In economic terms the best network hashrate would be the one that is sufficiently secure to protect against bad actors but uses as little electricity as possible. Anything more than that is waste, not added value.
In economic terms the best network hashrate would be the one that is sufficiently secure to protect against bad actors but uses as little electricity as possible. Anything more than that is waste, not added value.
Edit: typo