Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
DeathAndTaxes
on 02/11/2013, 02:37:23 UTC
... in pool "mining" there must be an entity to receive the reward, what is not the pool participant. The reward needs to be transmitted (first transaction) to the entity which "solves" the block.[/b] You are failing to understand that the receiver (thus the "solver") it is not the pool participant.

That is not a correct statement.   p2pool and eligius are evidence of that.


The pool creates a coinbase entry assigning the block reward to itself.

That is also an incorrect.  Note the specific pools I named.  If you don't know how they work well thats fine but it might not be a good idea to provide "corrections"