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They do this very fast until they get the correct answer. The first miner to guess the correct answer is allowed to add the next block to the blockchain and receive the reward of Bitcoins, bitstarz contact email. How does this relate to Game Theory? In order for miners to have incentive to perform this 'work', they need to want Bitcoin. This platform is focused on providing a secure, elegant, and robust system aimed at replacing existing in-game buying options and mechanisms, bitstarz contact email. Not only will the new chain grow bigger and longer, since 60% of the entire miners are bound contractually to this new chain this will quickly make the original older chain aka the blue chain irrelevant, bitstarz contact email. This will make double spends all over the place and the value of the currency will fall fast. Now, you might be asking why miners will join in a takeover? Well, let's see their incentive for joining: The possible reward at the end.
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