Mining Pool Development
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What is Mining Pool?
A mining pool is a collective group of cryptocurrency miners who pool their computing power across a network to increase the likelihood that they will successfully locate a block or otherwise mine bitcoin.
How Mining Pool Works?
Individually, each member of a mining pool contributes processing power to the search for a block. If the pool is successful, it will be rewarded, usually in the form of related cryptocurrency.
Rewards are typically distributed to the contributors in proportion to their share of the group’s processing power or laboure. Individual miners occasionally have to provide documentation of their laboure in order to earn their rewards.