Can a pool keep blocks for itself without giving out rewards to miners?

Asked Jul 01 '19 at 17:50

Active Jul 02 '19 at 03:30

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Can a pool keep blocks for itself without giving out rewards to miners? Can it do this in secret?

edited Jul 01 '19 at 20:10

jtgrassie

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asked Jul 01 '19 at 17:50

qand

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1 Answers1

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Yes. This is one of a few problems with current pool implementations.

Miners are trusting pools to:

give miners their fair share of any blocks the pool mines
payout on all blocks mined
not censor transactions
give miners hashing blobs for the main chain they want to mine
not be performing a 51% attack
display accurate information about the pool (e.g. its hashrate, payouts, etc)

edited Jul 02 '19 at 03:30

scoobybejesus

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answered Jul 01 '19 at 19:52

jtgrassie

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