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Wednesday, September 23, 2015

Bitcoin and Cryptocurrency Technologies - Quiz 5 Problem 5

Mining pools...

evenly divide up block rewards between all members of the poolWrong
can undermine the security of Bitcoins consensus algorithm, but this isnt a problem in practice since the majority of miners arent part of poolsWrong
typically make all their members search for blocks with the same coinbase address (the address that receives mining rewards)Correct
let members earn more rewards, on average, than they would by mining aloneWrong

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