The difficultly would never adjust because you'd never mine the requisite blocks to ever have difficulty adjust.
Discussion
I see what your saying, but we would never go from where we are today to 1 miner. That’s also unrealistic.
Well, yeah, I hope that's true.
My point still stands that difficulty and number of miners does effect your chances of winning. Less hash power does increase my odds.
That's just simply wrong though.
So what’s the point of increasing hash power or having a higher percentage of total mining power if you have the same chance of winning as a small operation?
Increased power gives you a better chance. But most are pool mining so they'd get the benefits of a larger percentage of the pool's winning. But increasing to say 160k hashes from 80k hashes per second, like a Jade would give, takes you from near zero to still near zero of a chance.
Ok, but the chances are higher 🤨
That’s all I said. I understand the nuance of the statement I made. I’m not likely to win, but my chances are higher.
But your action requires energy and cost. Why do that? It's a drop in the ocean of hashpower.
Rationality has nothing to do with our conversation. You said I didn’t have a higher chance which is statistically false. You are rounding.
Yeah, I'm rounding. You have a 0.000000000% of winning a block. Double that and you still have a 0.000000000% of finding a block.
If the chances are 0 then how are solo miners winning blocks?
It's a rarity and they probably have somewhat significant hashpower. Not mining on CPUs.
GPU mining is horrible for bitcoin mining. You need to take your AI ass back to school and listen to people that are smarter than you.
I said CPU. You're talking about mining on a RaspPi.
Dude you said NOT CPU mining. GPU mining is really the only competitor. Enjoy your weekend.
If you have a needle in a haystack, having millions of other people also trying to find a needle in their haystack doesn't make your search any more or less difficult. The difference is that if someone finds it before you, you just get a new needle in a new haystack to search for. If the difficulty adjusts down because of hash power decreasing, sure, your odds have marginally increased. But then your odds are fixed for the next two-ish weeks depending on your hash power. Mining with a RaspPI still gives you the same, near zero odds regardless of what hash rate does over the next few years, barring total collapse.
Right so if you don’t contribute hash power through your node then my chances are higher. All else equal.