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Why is randomness needed in Proof-of-Work?

In Proof-of-Work (PoW) mining, a miner that contributes 10% of the network hash rate will on average receive 10% of the mining rewards. “On average” means that 10% of blocks are mined by this miner, and 90% of blocks are mined by other miners. In practice, basically all miners join mining pools which removes this […]