Mining Pool
A mining pool is a form of cryptocurrency mining where processing power from many different miners are “pooled” together to mine as one entity. If the pool successfully mines a block, the block reward will be split up according to the amount of hash power that each individual contributed.
Mining pools provide equity to Bitcoin mining by allowing smaller, less powerful mining operations to join forces in order to compete with the larger, more powerful mining operations.
Links
- Poolin.com
- Bitcoin Mining Pools – Buybitcoinworldwide.com