Bitcoin miners provide a valuable service to the ecosystem. In exchange for the work they do securing the network, they are rewarded by the same network they protect. This sound and elegant design by Satoshi is surely one of the most remarkable aspects of Bitcoin.
What is increasingly being forgotten, however, is that there is more to mining than merely hashing.
A person engaging in the entire process must run a node to get reliably updated on the most recent state of the blockchain, then begin construction of a new block. This involves verifying the validity of the previous block, discovering unconfirmed transactions and usually selecting the most lucrative of them, constructing a generation transaction in which they pay themselves, building multiple merkle trees of these transactions, and finally hashing to actually solve this block. The transactions within the block template will constantly change as new ones get broadcasted to the network and when a new block is found by someone el
We współpracy z: https://bitcoinmagazine.com/technical/are-mining-pools-becoming-a-problem-
