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Understanding Empty Blocks in Bitcoin Mining
This chapter provides an in-depth analysis of the concept of mining empty blocks in the Bitcoin network, debunking misconceptions and emphasizing the strategic reasons behind this practice. It explores the technical challenges, implications, and controversies related to mining empty blocks, including discussions on hardware performance, firmware updates, competitive advantages, and the importance of transparency in the mining process. The chapter also highlights the role of Ocean as a mining pool in optimizing profitability and preventing network attacks, shedding light on the benefits and challenges of joining this pool.