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RE: The case for $1 million per Bitcoin isn't as crazy as it sounds...

in GEMS4 years ago

Problem with most ASIC-friendly cryptocurrencies is that the powerful hardware (GPU rigs, FPGA, ASIC) can't be used for solo mining, so only option is pool mining where the difficulty rises exponentially, but the miner reward is shared proportionally, so large pools with many miners give insignificant share of the block reward to single miner, unless they have implemented solver reward bonus.