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A comment on The Bitcoin Lottery. Parent comment

Re:The Bitcoin Lottery by ivankirigin on Wednesday May 18, 2011 @02:30PM (#2561124)
My first sentence just meant that you might model M, the number of miners, as a function of the profitability, P. P is a function of M.

There is a constant for M that is independent of P, M_power_leech.

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Re:The Bitcoin Lottery by Tichy on Wednesday May 18, 2011 @06:53PM (#2562172)
True, but that only means that my "people will quit and it will become profitable again" scenario might not happen. I think every miner assumes that the days of profitability are limited.
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