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by GrinningFool 4470 days 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?
2 comments
baddox 4469 days 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.
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nicky0 4470 days 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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GrinningFool 4468 days ago
Definitely true. I co-run a small dogecoin pool myself.

But I find the illusion that pools perpetuate very interesting.

In reality, only one miner does solve the block - it's just that the payout goes to the pool for redistribution.

This essentially means that pools reward wrong answers to the same degree that they reward correct answers (unless the pool is configure to give block-finder rewards).

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