3 ms·
isn't it the case that multiple miners (or pools) compete for the same block and only 1 wins, the rest just waste work?
by supergirl 5y ago
isn't it the case that multiple miners (or pools) compete for the same block and only 1 wins, the rest just waste work?
- mrtksn 5y agoThat's exactly the case but on average the total mined coins must be distributed proportionally to the miners workload since the possibility to strike a block is correlated with the hash-rate which is correlated with energy consumption. They also do pooling to ease the distribution.