Questions on: mining-pools

A year ago I was hired by Eth Dev Ltd through Coinspect to perform a security audit on the Ethereum design. One of our findings was that the uncle reward strategy in Ethereum was weird, and could lead to miners abusing the uncle rewards to almost tri
When a miner in a pool finds a valid block, the pool receives a reward (currently ~50 BTC) in a special generation transaction in the block. The address receiving the generation reward in a given block is known, and pools publish statistics on which
This is real ZCash pool mining on Suprnova. cc using nheqminer by nicehash - this is not renting your rig for someone else to mine using nicehash, it is only using their miner to mine on your own through the suprnova mining pool. Note that ZCash is s
Transaction fees pay for two completely different things which should not be confused. One is the marginal cost of verifying, propagating and storing the transaction; the other is the amortized cost of hashing to secure the network. Addressing the fi
Introduction¶The word mining originates in the context of the gold analogy for crypto currencies. Gold or precious metals are scarce, so are digital tokens, and the only way to increase the total volume is through mining. This is appropriate to the e
What is Bitcoin Mining?New to bitcoin? Get started with Localbitcoins – easy way to buy small amounts of bitcoin with cash Bitcoin mining is making computers do complex math problems to help run the Bitcoin network, and miners are paid with bitcoin f
The idea (as I understand it) is that the Merkle tree allows for you to verify transactions as needed and not include the body of every transaction in the block header, while still providing a way to verify the entire blockchain (and therefore proof
How does Eligius pay miners directly from the newly generated coins? It simply generates the coinbase transaction to include payments directly to its miners, instead of only a transaction to itself. What are the pros and cons of this compared to how
Presumably you are asking about ASIC hardware as there is no sense in acquiring more GPU or FPGA hardware at this point in time. There are always optimizations possible, so while the work performed by the miner hardware today will most likely still b