BTC161: Decentralizing Bitcoin Mining Pools w/ Bitcoin Mechanic (Bitcoin Podcast)
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Navigating Bitcoin Mining Pool Dynamics
This chapter explores the complexities of Bitcoin mining pools, discussing the moral implications of their operations, the challenges of decentralization, and the inefficiencies faced by smaller miners. It emphasizes the balance between efficiency and the core principles of Bitcoin while considering alternative models to promote fairness and transparency. Through examining innovative approaches like 'ocean,' the chapter encourages active engagement from miners in shaping their roles within the ecosystem.
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