Explained: Why Bitcoin users don’t send transactions directly to miners

Many believe that Bitcoin users send transactions directly to miners or pool operators. However, things are a little more random than that.
Many believe that Bitcoin users send transactions directly to miners or pool operators. However, things are a little more random than that.
New York Times staff have a decidedly negative take on Bitcoin mining with much of the outlet’s coverage skeptical of proof-of-work.
Bitcoin mining pool operators calculate payouts using pay-per-last-N-shares, full-pay-per-share, or pay-per-share plus.
With the price of bitcoin up 64% year-to-date, valuations for Bitcoin mining industry companies have more than doubled.
Dismal sentiment from 2022 is turning slightly positive for Bitcoin miners, with all publicly traded companies rallying this year.