Morning Edition · Wednesday, November 11, 2026Published at 12:35 AM EST · New York
A second paper proposes splitting block rewards to stop miners undercutting each other once fees replace the subsidy, as Canaan's rig sales fell 96% from a year earlier.

A paper posted to arXiv on November 11 argues that one proposed answer to Bitcoin's energy use could make the problem worse. Proof of useful work (PoUW) would have miners spend their computation on tasks with value outside the blockchain. B…
Track on-chain flows, protocol shifts, stablecoins, and regulation.
The Global Intelligence Brief stays free.
Part of a tracked trend
Bitcoin's Security Budget Becomes a Live Design Question
As the block subsidy declines and fee-saving upgrades advance, research and industry keep focusing on how miners will be paid, pushing miners toward side revenue and keeping reward-structure changes in the protocol debate.
Start a discussion in Townsquare.
More from this edition
Comments
0No comments yet.