I thinks it's time to look at some numbers again.
Let's assume that Labcoin was mining with 500 Th/s at the end of the year, if the network hash rate was:
- 50.000 Ph/s, Labcoin would control 01% of the network.
- 25.000 Ph/s, Labcoin would control 02% of the network.
- 16.667 Ph/s, Labcoin would control 03% of the network.
- 12.500 Ph/s, Labcoin would control 04% of the network.
- 10.000 Ph/s, Labcoin would control 05% of the network.
- 08.333 Ph/s, Labcoin would control 06% of the network.
- 07.143 Ph/s, Labcoin would control 07% of the network.
- 06.250 Ph/s, Labcoin would control 08% of the network.
- 05.556 Ph/s, Labcoin would control 09% of the network.
- 05.000 Ph/s, Labcoin would control 10% of the network.
BTC/Block = 25
Blocks/Round = 2,016
BTC/Round = 50,400
If Labcoin controlled:
- 01%, they would mine 504 BTC per difficulty round, 352.8 BTC (70%) going towards dividends giving 0.00003528 BTC/share/round.
- 02%, they would mine 1,008 BTC per difficulty round, 705.6 BTC (70%) going towards dividends giving 0.00007056 BTC per share per round.
- 03%, they would mine 1,512 BTC per difficulty round, 1,058.4 BTC (70%) going towards dividends giving 0.00010584 BTC per share per round.
- 04%, they would mine 2,016 BTC per difficulty round, 1,411.2 BTC (70%) going towards dividends giving 0.00014112 BTC per share per round.
- 05%, they would mine 2,520 BTC per difficulty round, 1,764.0 BTC (70%) going towards dividends giving 0.00017640 BTC per share per round.
- 06%, they would mine 3,024 BTC per difficulty round, 2,116.8 BTC (70%) going towards dividends giving 0.00021168 BTC per share per round.
- 07%, they would mine 3,528 BTC per difficulty round, 2,469.6 BTC (70%) going towards dividends giving 0.00024696 BTC per share per round.
- 08%, they would mine 4,032 BTC per difficulty round, 2,822.4 BTC (70%) going towards dividends giving 0.00028224 BTC per share per round.
- 09%, they would mine 4,536 BTC per difficulty round, 3,175.2 BTC (70%) going towards dividends giving 0.00031752 BTC per share per round.
- 10%, they would mine 5,040 BTC per difficulty round, 3,528.0 BTC (70%) going towards dividends giving 0.00035280 BTC per share per round.
You mixed up T with P.
He also forgot to say that if LC hashed at 50 PH and the network hashrate was 50 PH then LC would mine a gazillion bitcoins and they'd all be rich.
Just be wary of what this fruitcake says. His plan is to get to 1000 btc by the end of this year and he will do ANYTHING to achieve his goal so he can come back into these forums and gloat about how he's got all of your money. FACT.