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Bitcoin Introduction – Pooled Mining image

Bitcoin Introduction – Pooled Mining

In this part we will talk about “pooled mining” and compare the different approaches. With increasing block generation difficulty, mining essentially becomes a lottery, as it may take years before an individual node manages to create. To provide a mo...

Growing Decentralization in the Bitcoin Economy image

Growing Decentralization in the Bitcoin Economy

Centralization has always been an issue in the Bitcoin ecosystem. The original spirit of the currency, as envisioned by its early adopters and its founder Satoshi Nakamoto, features a distributed network of independent miners, a peer-to-peer communit...

Slush Pool Introduces Provably Fair Bitcoin Mining image

Slush Pool Introduces Provably Fair Bitcoin Mining

Bitcoin mining today is dominated by mining pools. These mining pools arguably have a strong hold on the Bitcoin network, but also on their own participants. Since mining pools typically operate with little transparency, participants must issue a lot...

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