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0 sats \ 0 replies \ @cryptocoin 24 Oct 2022 \ on: How ethereum's merge made crypto mining more sustainable bitcoin
Instead, the bitcoin network is sticking with a system called proof-of-work, in which highly specialized computers try to guess a winning number that serves to validate transactions and create new coins. This is what’s known as mining.
Bitcoin miners have one and only one job. They simply "cement" the ordering of transactions. That's it. That's what they do. Nothing more, nothing less.
The miners don't protect the network, they do not protect me. It's my node that that validates transactions. It's my node that protects me. And it is your node that protects you.
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