converting crypto from one to another they who will mine those blocks? just general, out of tutorial question

[nikhil-b-more]

someone who transfers bitcoin to dogecoin then who will be the miner and who will get a reward? the sender will pay fees but to who?

[alymurtazamemon]

@6Hexa It depends on which chain they are transferring funds. If it is an Ethereum chain then the process will same as you learn in the tutorial and a similar process for other chains.

Hope it clears your answer, if not then let me know so I can explain it more.

[mattjaf]

It depends which chain and the protocol they're using,

for PoW I'd imagine the pool and/or miner that mines the block. Depending on which chain, miners compete against each other to complete transactions on the network and get rewarded, which is partially why its so inefficient.

On Ethereum:
with EIP 1559 a portion gets burned and the miner/pool gets the MEV (miner exactrable value) + block reward.

I'm pretty sure the pool then divides the shares amongst each other depending on who did the most work, which could possibly be an issue if a miner waits to say they got the answer after they already found it, in order to make it look like they did more work. I guess it depends on the pool as well.

On Ethereum, we have wBTC, aka wrapped Bitcoin, which is an erc20 token that resembles 1 BTC on the Bitcoin network.