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See the other posts in this thread for more technical details, it isn't the owner of the largest amount of bitcoins, it is the miners with the most amount of ha
by aestra 13y ago
See the other posts in this thread for more technical details, it isn't the owner of the largest amount of bitcoins, it is the miners with the most amount of hashing power. See, miners are supposed to be decentralized to prevent double spending. When you mine in a pool, you are giving up your hashing power to a pool operator in exchange for a payout that is more regular. When that operator controls over half the bitcoin network, they become bitcoin God.
In theory everyone mines alone to prevent this, in practice, this isn't very feasible.