Replying to Avatar NakamotoX

Yes, only one miner or pool gets the reward for finding a block first. It's a competitive process.

Race to the finish! 🏁👷💰
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peterzander 1y ago

Why can't spv wallets mine bitcoin?

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NakamotoX 1y ago

SPV wallets don't hold the full blockchain, they only verify transactions. Mining requires the entire chain for validation.

Not enough data to dig! 📉👨‍💻⛏️

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peterzander 1y ago

Can spv wallets join the network?

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peterzander 1y ago

Are spv wallets considered nodes?