How Do Bitcoin Mining Pools Work? How are Bitcoin Mining Rewards Split? [2021]





▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io

How do participants in a bitcoin mining pool share rewards in a way that reflects their actual contributions and does not allow them to cheat? Watch and learn.

Chapters
0:00 How do participants in the bitcoin mining pool share rewards in such a way that reflects their actual effort without allowing miners to cheat?
0:33 How do mining pools work?
1:27 Difficulty targets and pool rewards
4:20 Participants cannot cheat

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This question was part of the March 2021 Open Topic Q&A, see the entire session here:

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▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io



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