How to Choose a Mining Pool

The purpose of a bitcoin mining pool is for a group of miners to join together and form a pool. By combining resources from all clients in that pool, they increase the odds of discovering the solution to a given block. When a solution is found to the block, it rewards the newly issued coin to the pool owner. The pool owner then divides the coins between the miners based on their contribution.

• Pooled mining produces a constant revenue of smaller values, whereas solo mining tends to be more erratic and could take years to mine one block.

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David McNeal (@TheCryptoWriter) - Freelance Writer

Content Specialist on — UX Websites | Web3 Whitepapers | ECommerce Products | Cybersecurity Services | Generative AI | SaaS Apps | RIA Compliance