Say I have an ASIC machine that does 50th/s, and another that does 100th/s. According to profitability calculators, the 100th/s machine does not produce double the Bitcoin that the 50th/s machine does. Why is this? What is the formula to calculate how much Bitcoin can be mined with a given hashrate?
Yes I know that the overall network hashrate, price of BTC, etc are all confounding variables, but all else equal, it seems like hashrate is not linearly tied to Bitcoin mined, and I don’t understand why that is. I thought that at a given moment, the blocks take a certain amount of hashing to mine. Double the hashrate ought to render double the BTC given that more blocks would be mined (which hold the same number of BTC not counting the halving events). This is of course all assuming pool mining- not solo mining.
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