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As a miner, do you get to chose which transactions you mine? i.e. as the mining pool dries up(why run a rig if you're losing money), can whales sponsor miners
by 01100011 4y ago
As a miner, do you get to chose which transactions you mine? i.e. as the mining pool dries up(why run a rig if you're losing money), can whales sponsor miners to give their transactions priority, giving them superior liquidity to smaller bagholders?
- 3np 4y agoYes.
- pavitheran 4y agoYes anyone sending a transaction can choose to set a higher fee rate to get their transaction prioritized to be included in the chain. The miners will try to include transactions that will pay them the highest fees in the next block.
- Volker_W 4y ago> As a miner, do you get to chose which transactions you mine? Yes, the mining pool can chose.
- hackernudes 4y agoMiners do choose. Giving transactions priority is called the "transaction fee" (am I missing something here?). In addition to that, there are out-of-band services called "transaction accelerators" that work directly with miners, but that is really only useful to bump up the priority of an existing slow/stuck transaction.