This is very helpful, thanks for doing this. Is it correct to assume, since almost all miners function on a similar algorithm, that the more miners are in circulation, the lower the return gets? Since only 30 spots per hour are available, the probablility of getting a hit is directly linked to the number of miners working. Few miners -> More probabilities of being successful
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In a vacuum, yes, but you also have to factor in miner cost and token cost and liquidity to sell at some point in the future.