I don't see a static price assumption, just some market price for miners to get coins. The key question for me is whether there's a market for exchange of a 110 coin to other cryptocurrencies including stablecoins
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That math only works if the ratio of the mined coins is the same after as when then were mined. A lot of btc mining only really makes sense with cheap energy or assuming the price goes up, meaning people hold to sell higher. That wont happen with a high and increasing ratio of a chain split, and no support. What chains or mining pools or exchanges are in support of bip110?
your question is my key question. mining difficulty adjustment and market price is part of the math