New answers tagged mining-reward
4
Firstly, correct me if I'm wrong.
When a miner finds a solution for the block and broadcasts it to the other node, all the other nodes verify if it is a correct solution or not.
It's very trivial to validate the PoW, just hash the block header and then count how many "leading zeros" that hash contains (note that such description is theoretical. ...
1
I read somewhere that if mining pools find a solution, then peer miners in that pool don't verify the solution and straight away go for the mining of next block on top of it. This is kinda unfair for the other miners. Do we have any system to check if a miner has validated the solution or not?
The miner would submit the valid block to the pool operator, who ...
3
"Generate" transactions are coinbase transactions. These are a special type of transaction that is included in a block by a miner. They can not exist outside of a block. They generate new coins to an address configured by the miner. Those coins can not be spent until they have 100 confirmations. The reason for this is to prevent a messy scenario in ...
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