A mining pool is the collection of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block.
And before a member can be awarded a ‘SHARE’ of the mining pool, he must present a valid partial proof-of-work .
The origin of Mining in pools began when the difficulty for mining increased to the point where it could take years for slower miners to generate a block.
The solution to this problem was for miners to pool their resources so they could generate blocks more quickly and therefore receive a portion of the block reward on a consistent basis, rather than randomly once every few years.
There are many good Bitcoin mining pools to choose from. So what bitcoin mining pool should you pick?
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