The increase in complexity does not depend on the percentage of deductions, but on the profitability of mining in absolute terms (in fiat currency). Let's assume that the MNC by 2025 will cost $ 500. By this time, deductions to Minexbank will amount to 50%. Do you think that the complexity will increase if, at 20% of the deductions at the initial stage, the price of the MNC is $ 20?
Yeah, it depends on the price. with the price of $500 everyone will be eager to mine and won't consider those persentiges.