I have few basic questions.
A miner needs to commit BTC in order to mine a block. Does this mean that the BTC needs to be deposited to the address to mine every single block? Do miners get back the BTC if they aren’t elected to mine?
What exactly happens at the beginning of the cycle in stacking?(the first 100 blocks). I couldn’t grasp the concept of an anchor block from the documentation.
“”" The reward set – the reward set is the set of Bitcoin addresses which will receive funds in the reward cycle. This set is determined using Stacks chain state from the anchor block. “”" Isn’t the reward set the list of bitcoin wallet addresses of people who are stacking currently? What does this mean “This set is determined using Stacks chain state from the anchor block.”?
Thankyou in advance!