‹ CHAPTER 13, ALL LESSONS

PATHFINDER · CHAPTER 13 · LESSON 2 OF 4

Run your own node

Nodes vs miners

Miners make the blocks. So do they control Bitcoin? 5 min

Miners and nodes do two different jobs. Miners propose: they spend energy to order transactions into the next block. Nodes dispose: they check the block and decide whether to accept it.

A miner cannot change the rules alone

If a miner produces a block that breaks a rule, more coins than allowed or a spent output spent again, every node rejects it. The miner keeps the electricity bill and gets no reward. Their hashrate gives them a say on the order of valid transactions, not on what is valid.

  • Miners decide which valid transactions go into the next block, and in what order.
  • Nodes decide which blocks are valid, using rules they run themselves.
  • Miners need the coins they earn to be accepted by the users and businesses running nodes.
▶ SEE IT IN THE MACHINE

MINING proposes the block, then the NODES rings decide whether it stands.

What to remember

  • Miners propose blocks, nodes verify them.
  • Hashrate cannot make an invalid block valid.
  • Miners depend on nodes accepting their rewards.

Quick check

What can a miner with a lot of hashrate decide?

Why would a miner follow rules it dislikes?