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Mining Pool Page Preview

Mining Pool Page Preview

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Mining Pool

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On Wikipedia
In the context of cryptocurrency mining, a mining pool is the pooling 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. A "share" is awarded to members of the mining pool who present a valid partial proof-of-work. Mining in pools began when the difficulty for mining increased to the point where it could take centuries for slower miners to generate a block.[1] 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.[2][3][4]
Slush Pool is the oldest currently active mining pool.[1] AntPool is the largest currently active mining pool.[1]
https://en.wikipedia.org/wiki/Mining_pool

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