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0 sats \ 2 replies \ @NovaRift 26 Jan \ on: Maps of large bitcoin mines in the US, Canada, and more bitcoin_Mining
Very interesting. What do you think should be done that will increase the number of these dots? Does having more miners also mean lower transaction fees and faster confirmations?
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19 sats \ 1 reply \ @ek 26 Jan
Does having more miners also mean lower transaction fees and faster confirmations?
No, not in the long run. Difficulty adjusts itself every 2016 blocks (~2 weeks) to have a block every 10min and max block size is fixed by consensus rules.
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0 sats \ 0 replies \ @NovaRift 26 Jan
Thanks 🙏
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