What is a mining pool?

A Mining Pool is a protocol for a group of miners to work together, in order to smooth out their mined coins. How do crypto pools work? Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the block reward according the contributed processing power.

How to join a bitcoin mining pool?

Here are the basic steps for how to join a bitcoin mining pool: Choose which pool you want to join. Input the Stratum addresses of the pool into your mining software. Connect a wallet that will receive pool payouts. Configure your machines to the chosen pool. All the information needed to join a pool will be provided by the pool’s team.

What is Pooled mining?

Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the block reward according the contributed processing power. Pooled mining effectively reduces the granularity of the block generation reward, spreading it out more smoothly over time.

What is a proportional mining pool?

Proportional mining pools are among the most common. In this type of pool, miners contributing to the pool's processing power receive shares up until the point at which the pool succeeds in finding a block. After that, miners receive rewards proportional to the number of shares they hold.