I've been saying that if Difficulty rises by 10%, miner productivity drops by about 10%. Seems like a decent rule of thumb, but it doesn't hold up for bigger changes.
For instance, if Difficulty jumps by 100%, miner productivity won't just drop to zero; it actually decreases by 50% instead.
So how do we accurately describe the percentage decrease in productivity when Difficulty increases by a certain percentage?
I’m not a math whiz or anything, but I can grasp a formula if it’s laid out clearly.
Understanding the Impact of Difficulty on Mining Efficiency
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Lets say you earn $100 a day and it costs you $50 a day to earn that.
If your earning drops 10% your profit drops 20% ...
i.e. the cost of earning makes a big difference
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