Mining doesnt only give you bitcoins - with mining you are also supporting the bitcoin network without bitcoin would not work.
Imagine nobody mining and just try to buy... wouldnt even work in the first place
by adding a miner to a pool you don't improve the network - you only do that if you create a new node.
Please explain how i do not support the bitcoin network if i actively mine bitcoin? Thanks
its a bit more complicated than just mining bitcoin -
do you support the network if by mining at a pool you tip the pool over 50%?
The system needs more than just miners proving the transaction it also needs nodes - these broadcast the information around the system, the more nodes - that is full function nodes with bitcoin core running and a complete blockchain - (not something most asics worry about) the more secure the system. Running a full node is not incentivised, so the numbers are falling.
Pools reduce the number of nodes, but unless you mine in a pool you won't successfully find a block
hmmm this make me think that there should be some incentive for a full node. maybe 50% POW -- 50% POS ?
