Category: Mining Pools News

Mining Pools News is the category where you can discover the most interesting news about mining pools. A mining pool is a group of miners that pool their computer resources to mine cryptocurrency blocks and share the reward evenly based on the amount of labor they put in. When the difficulty of proof-of-work cryptocurrency mining escalated to the point that the ordinary miner could no longer generate a whole block, mining pools were required. The increasing difficulty prompted the creation of the first Bitcoin mining pools. Bitcoin mining pools are the most powerful groups in the Bitcoin network today, and they are the primary decision-makers on whether new splits should be deployed. There are also mining pools for Ethereum, Litecoin, and other large cryptocurrencies that are too difficult to mine alone. Mining multipools can also swap from one coin to another when mining gets more viable.

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