Nostr Web Client

So when someone pays a mining pool out-of-band to prioritize a transaction, the miners contributing to that pool likely never see any of that money because it's not actually part of the transaction's fee, yea?

As a miner, I would not contribute hash to such a pool. I would feel like I was not being compensated fairly.

ExFrog 1y ago

Don't most pools pay per share regardless of subsidy or fees collected?

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Discussion

BITwise 🐳 >>= RIGHTish 1y ago

Most miners as we colloquially understand them are simply just hashrate lenders. The pools are paying miners (or more accurately, hashers) via forward hashrate contracts.

I)ruid 1y ago

Yes but it's a share of the eventual block reward. If fees (bribes) are collected out-of-band, they are not included in the block reward, thus not likely distributed to hashers.

ExFrog 1y ago

It's so not.

The majority of pools these days pay a low fixed rate for hash regardless of their success mining blocks or the fees contained in the blocks.

Again: most pool payouts have nothing to do with blocks or fees these days.

Out of band payments (and block luck and fees) MIGHT EVENTUALLY help pools stay solvent and provide a higher fixed hash price to their miners, but there is no relationship between them in most pools now)