Interesting , it may be illegal but it can also be cheated by a sort of insider trading.
Say i own a number of ASIC miners , I turn them off , and then bet for a number higher than the one expected by the public at large .
At the very last moment i turn all of my ASIC miners on.
I make money with > 95 % probability.
Unless it gets huge that will never be worth it. If you have enough hashing power to affect the difficulty that much, you'd make a lot more by just mining
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Interesting , it may be illegal but it can also be cheated by a sort of insider trading. Say i own a number of ASIC miners , I turn them off , and then bet for a number higher than the one expected by the public at large . At the very last moment i turn all of my ASIC miners on. I make money with > 95 % probability.
Unless it gets huge that will never be worth it. If you have enough hashing power to affect the difficulty that much, you'd make a lot more by just mining