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Zero Sum Property

Eric Voskuil edited this page Aug 15, 2017 · 55 revisions

Bitcoin mining is a zero sum game. On average the chain grows by one block every 10 minutes, with all reward controlled by its miner. Miners compete to achieve this reward, and apart from pooling pressures will each, on average, achieve a number of rewards proportional to hash power. The difference between a miner's costs and this reward over time is the return on capital invested in the mine.

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