BTC161: Decentralizing Bitcoin Mining Pools w/ Bitcoin Mechanic (Bitcoin Podcast)
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The Dynamics of Bitcoin Mining Pools
This chapter explores the mechanics of Bitcoin mining pools, highlighting the necessity for miners to collaborate for profitability amid the challenges of solo mining. It discusses the centralization issues in block template creation and the implications of a few entities controlling transaction inclusion, including a controversial incident involving a mining pool. Furthermore, it analyzes the impact of Taproot on data storage within the blockchain and underscores the need for decentralization to maintain network integrity and miner equity.
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