What is the process behind the functioning of a cryptocurrency mining pool?

1 answers

• Om SuryavanshiJan 01, 2024 · 2 years ago
  In the world of cryptocurrency mining, a mining pool is like a team of miners working together towards a common goal. Each miner in the pool contributes their computing power to solve complex mathematical problems, and when a solution is found, the pool shares the rewards among its members. The process starts with miners joining the pool and connecting their mining hardware to the pool's mining software. The software then assigns mining tasks to the miners, who work on solving them. When a miner finds a solution, it is sent back to the pool for verification and inclusion in the blockchain. The rewards are then distributed among the pool members based on their contribution. This collaborative approach allows miners to have a more stable and consistent income from mining.
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