5 A B C D E F G H I K L M N O P R S T U V W Y Z

Mining Pool

What is a Mining Pool?

Mining pools are an association of different individuals, companies, or institutions that jointly generate new coins as miners/miners. Especially for individual players, pools are a way to reduce the otherwise high mining costs.

Because only every ten minutes on average is a hash found to be able to attach a block to the blockchain. Through the merger, the probability for the miners is higher to find the next hash. The mining rewards are finally divided between the participants.