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

Related Videos:
What is a nonce?    • Bitcoin Q&A: Iterating Nonces and the...  
Nonces, Mining, and Quantum Computing:    • Bitcoin Q&A: Nonces, Mining, and Quan...  
Number of Zeros or Target Difficulty in the Target Hash:    • Bitcoin Q&A: How Is the Number of Zer...  

This question was part of the March 2021 Open Topic Q&A, see the entire session here:    • March Q&A - $7B Bitcoin Takeover, Tap...  

COMMENT below and let us know what you think of the video. Post your follow-up questions there too!

SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications:    / @aantonop  

JOIN this YouTube channel about Bitcoin and open blockchains to become a YouTube Community Member and access custom emoji and other perks:    / @aantonop  

BECOME a Community Builder:   / aantonop  

LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. https://aantonop.io/takeaworkshop

You can also learn from one of aantonop's many books about bitcoin, ethereum, and open blockchains. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.

About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com

From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.

**Learn More From Andreas*
Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8
Audible: https://www.audible.com/author/Andrea...
E-books & Merch: https://aantonop.io/shop
Patreon:   / aantonop  
Website: https://aantonop.com
Workshops: https://aantonop.com/workshops

**Connect with Andreas on Socials**
Facebook:   / andreasmantonopoulos  
Instagram:   / amantonop  
LinkedIn:   / aantonop  
Twitter:   / aantonop  

Thanks for watching, sharing, and subscribing!