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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?