| ▲ | adgjlsfhk1 2 hours ago | |
the key to realize is that this strategy only makes sense if you have a considerable fraction of total hashrate. If you have 10% hashrate, delaying for 1 block period gives you a 10% chance of finding another block on top (that no one else can search for because you haven't published the first one). | ||
| ▲ | copirate 2 hours ago | parent [-] | |
But by withholding you also increase the risk that your first block will never end up in the main chain (if the remaining 90% find a block while you're withholding). And you would sill have 10% chance of mining another block if you don't withhold. What advantage does withholding give you? | ||