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Re:Bitcoin Block 840000 by fsckboy on Friday April 19, 2024 @09:06PM (#40093638)
if it made sense to rent them on the chance of getting the reward, who who had them would rent them to you rather than pursuing the reward themselves?
Re:Bitcoin Block 840000 by sanswork on Friday April 19, 2024 @09:19PM (#40093711)
Even if it did make more sense in straight EV terms no one is running that calculation of you're in three business of renting GPUs you'd rent them out either way unless it was a really high probability of success.
Re:Bitcoin Block 840000 by fsckboy on Saturday April 20, 2024 @03:12AM (#40095473)
and the high probability of success is exactly the case we are talking about.
Re:Bitcoin Block 840000 by sanswork on Sunday April 21, 2024 @06:39PM (#40109859)
An increase in fees wouldn't increase the probability of success it would increase the reward when there was success which is still an extremely low probability event.