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0 pointsGrinningFool12y ago0 comments

The one miner who solves each block validates the transactions and receives the reward. For every other miner, it's wasted electricity.

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baddox12y ago

That's not how it works. If every miner got a reward, then the decentralized network simply wouldn't work.

GrinningFoolOP12y ago

The one miner who solves the block gets the reward. All miners who tried to solve the same block (and that would be every other miner who didn't get a solution in first) have wasted their time and do not get a reward.

I'm not sure what we're disagreeing about?

baddox12y ago

The disagreement is over whether the non-rewarded computation is a "waste." I don't think it is, because it's crucial to the operation of the network.

nicky012y ago

Of course, most mining is done by pools, where the reward is shared out to all those who contributed hash power. So saying "one" miner is not quite right.

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baddox12y ago

That's not how it works. If every miner got a reward, then the decentralized network simply wouldn't work.

GrinningFoolOP12y ago

I'm not sure what we're disagreeing about?

baddox12y ago

The disagreement is over whether the non-rewarded computation is a "waste." I don't think it is, because it's crucial to the operation of the network.

nicky012y ago

Of course, most mining is done by pools, where the reward is shared out to all those who contributed hash power. So saying "one" miner is not quite right.

1 more reply

j / k navigate · click thread line to collapse