Mining pools, what are they? Your answer lies below 👇
are pretty slim, even though you’ve spent a lot of money on your hardware and the electricity required to run it.you’ll get paid at all. If consistent revenue is what you’re after, you’ll have much greater luck in a mining pool.
In a nutshell, we’ve just described a mining pool. They’re widely used nowadays since they guarantee a more steady stream of revenue to members.Typically, a mining pool places a coordinator in charge of organizing the miners. They’ll make sure the miners are using different values for theso that they’re not wasting hash power by trying to create the same blocks. These coordinators will also be responsible for splitting the rewards and paying them out to the participants.
Let’s give an example. If the current block reward is 12.5 BTC and the operator’s fee is 20%, the available reward for miners is 10 BTC. If N was 1,000,000 and you provided 50,000 shares, you’d receive 5% of the available reward .
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