Ecash TIDES using Cashu and Stratum v2
Posted by 40000bytes
May 16, 2024/22:18 UTC
Mining pools present a custodial risk and are susceptible to governmental intervention, including the imposition of Know Your Customer (KYC) regulations, which some mining pools have already implemented. The concept of obtaining immediate liquidity for mining rewards is undeniably advantageous for miners. In the current framework, mining rewards act as an IOU until they can be exchanged for bitcoin, indicating a delay from the moment of earning the reward to the point at which it can be utilized or converted into actual bitcoin. This structure highlights the inherent risks and benefits within the cryptocurrency mining ecosystem, emphasizing the need for understanding and navigating regulatory landscapes as well as the importance of liquidity in mining operations.
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