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Mining Pools

Bitcoin mining pools allow Bitcoin miners to pool together their resources and also share their hashing power as they equally split the reward depending on the number of shares each member contributed to solving a certain block.

Every Bitcoin mining pool member is awarded a “share” after they prove that their Bitcoin miner has been solved. Mining Bitcoin in pools started a while back when the challenges of mining increased to a certain point where it would take slower miners several years to generate one block.

But, the solution to this issue was for Bitcoin miners to pool together their resources as this allows them to generate their blocks much faster. As a result, the miners were able to receive a part of Bitcoin Block reward consistently, instead of randomly—this could happen at least once after a few years.

It is always advisable for solo Bitcoin miners to make sure that they are in agreement with Bitcoin network. Also, if you are a member of the Bitcoin mining pool, then you should make sure that your behavior is in line with the philosophy of Bitcoin.

For instance, a rogue developer can threaten to release software that could cause serious financial damage. Therefore, you should make sure that your Bitcoin mining power doesn’t try to enforce network agreement rules you don’t agree with.

Start mining now:

  • Lifetime 0% pool fee’s
  • Uptime of 99.9%
  • Fast reliable payments
  • Easy getting started tools
  • Average 1/6/24-hours Hash Rate

Visit this Mining Pool to get more information!

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