Re:Why Charles Stross Doesn’t Know a Thing about Bitcoin
by dllthomas on Thursday January 09, 2014 @09:35AM
(#7030649)
A piece that's missing is the total bitcoins earned, which depends on payout size (possibly including transaction fees) and difficulty.
Re:Why Charles Stross Doesn’t Know a Thing about Bitcoin
by maxerickson on Thursday January 09, 2014 @09:53AM
(#7030747)
Right. I figured the part where it represents something like a 1 in 8 million stake in the mined bitcoin answered most of the question.
That unit does 1.6 Gigahash / second.
The bitcoin earned in a period of time will roughly follow that proportion.