What is a Mining Pool?

Mining Pool

Mining Pool is a service where multiple miners get together and collaborate to mine cryptocurrency. The reward obtained is distributed according to the miner’s contribution (hash rate).

Basically, the higher the performance of the PC and other equipment (faster calculation speed), i.e., the more expensive the equipment, the more advantageous mining can be.

Benefits of a mining pool

Anyone can perform mining operations using a personal PC, but the amount of bitcoins that can be earned is very small.

In order to make the mining process more efficient, groups called mining pools are organized.

By organizing groups, you will be able to use many faster PCs, which will result in a larger amount of bitcoins you can get.

Some mining pools are organized by friends and acquaintances, but most are led by companies.

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