diff --git a/content/uses/miningpools.md b/content/uses/miningpools.md index ddb92fa..544eddc 100644 --- a/content/uses/miningpools.md +++ b/content/uses/miningpools.md @@ -5,6 +5,8 @@ author: Jeremy Rubin --- ![](/images/uses/bagpool.svg) +_for more detail on decentralized mining pools in a more recent article [read here](https://rubin.io/bitcoin/2021/12/12/advent-15/)_ + In a typical mining pool, miners works together to create a shared block reward. The shared reward is distributed among participants based on difficulty shares, that is, partial work proofs that @@ -28,9 +30,11 @@ bear less risk. This type of mining pool has no trusted operator and requires no coordination. This eliminates various types of mining pool attacks, such as block witholding. + The below code shows a simple simulation of experienced variances among a set of miners with a fixed sharing policy versus a set of miners without any sharing. + ```python import numpy as np from matplotlib import pyplot as plt