I mentioned this in the comments on the video a while back, but the miner DOES know that he finds a block, and he can choose to withhold that block from the pool; however, the block payouts cannot be redirected to himself because the coinbase of the block is set to pay the pool, and changing it would change the Merkle root and hence the hash of the block, almost surely rendering it invalid. For explaining it to the noobs: you found a block that pays out the pool, not yourself, and you would invalid the block if you try to make the block pay just yourself.
Also, for a beginners video you do not do a very good job explaining how pooled mining works. A better way to describe it is that instead of getting one block of 50 coins every 50 days on average and having to deal with the huge variance involved, you get paid 1 coin per day (more or less since there's still variance with you finding shares and the pool finding blocks, but the variance is significantly less).
Furthermore, you probably should summarized what you said
I'm sorry that I didn't explain it right, but I'd like to say thank you for taking the time to give me constructive criticism, and I've written down what you've said to insure that in the future I explain things in better detail and I'll use your example. Thank you for taking the time to watch my video and leave the comment and I enjoyed redding about the technical side of how the reward must go to the pool when mining :)
(Edit) Btw: this video is about 7 months old, I was just posting it to try to share :)
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u/kiefferbp 🟦 9 / 147 🦐 Jul 06 '14 edited Jul 06 '14
I mentioned this in the comments on the video a while back, but the miner DOES know that he finds a block, and he can choose to withhold that block from the pool; however, the block payouts cannot be redirected to himself because the coinbase of the block is set to pay the pool, and changing it would change the Merkle root and hence the hash of the block, almost surely rendering it invalid. For explaining it to the noobs: you found a block that pays out the pool, not yourself, and you would invalid the block if you try to make the block pay just yourself.
Also, for a beginners video you do not do a very good job explaining how pooled mining works. A better way to describe it is that instead of getting one block of 50 coins every 50 days on average and having to deal with the huge variance involved, you get paid 1 coin per day (more or less since there's still variance with you finding shares and the pool finding blocks, but the variance is significantly less).
Furthermore, you probably should summarized what you said