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Why would it? E.g. if mining has a 1% return on investment and there are three actors with 4, 5, and 7 units of hash power, and they reinvest profits into more mining rigs, then a year later they will have 4.04, 5.05, and 7.07 units of hash power---the ratios stays the same.



Turns out, I really didn't think this through. Thanks for the correction.




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