Operators of the largest Bitcoin mining pools are considering alternative payment methods for their workers due to the challenges and delays with Bitcoin payouts. While mining pools currently pay for work in Bitcoin, developers and pool managers are discussing the use of altcoins or electronic cash (ecash) tokens as more efficient options. These tokens would represent liabilities and could be audited using a "Proof-of-Liabilities" protocol. Factors such as computation levels, transaction delays, and fluctuating fees make immediate Bitcoin payouts complicated. Pool operators are exploring tokens or iterations of ecash that can allow for faster and earlier redemption of shares of work.
Content Editor ( protos.com )
- 2025-01-17
Bitcoin mining pools struggle to make payouts in bitcoin
