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.
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).
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).