A mining pool is a group of cryptocurrency miners who combine their computational resources to increase their chances of finding a block. Participants in a pool share the mining rewards proportionally to the amount of work they contribute. This collaborative approach mitigates the variance in individual mining success and provides more consistent payouts.
Context
Discussions surrounding mining pools often center on their influence on network decentralization, particularly if a few large pools control a significant portion of the total mining hash rate. The economic incentives for miners to join pools and the operational efficiency of various pool software are also frequent topics.
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