RE: Why am I here….5 Apr 2023 15:09
"so now we only have 2 miners apparently which you didn’t state on your original post, but that isn’t the case is it, there are loads of miners and mining pools"
I used an example of two miners, in order to explain it in simple terms you might understand. Since I made the concept incredibly easy to understand, even for you, you're the one who's trying to mislead. I didn't really expect an apology from you, since some people can't accept they're wrong even when the evidence is put under their nose.
Clearly the concept works if there are 4, 8, 16, or 1000 miners. Granted things like electricity, the Hashpower of the Miners using the software and other factors would determine the final outcome individually, but if every miner used the software then the Bitcoin difficulty algorithm would work its magic and nullify the overall network performance increase.
Contractually how would QBT sell their software to Miners? Would they set a baseline before the software's installed and only receive a cut if the Bitcoin Reward exceeds the baseline? What happens if the Miner subsequently increases his Hashpower, by investing in new hardware, how would the contract be structured to take account of that, would they have to test and utilise a new baseline after any hardware upgrades? Will the software work with Mining pools, where different types of rigs are geographically separated? For Miners to use the software and QBT to be entitled to a cut of any increased profit, due to increased efficiency, would involve many variables and be quite complex. Time will tell how this will unfold.
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