Bitcoin Forum

Bitcoin => Pools => Topic started by: DigiSoul on December 17, 2016, 11:03:49 PM



Title: pools
Post by: DigiSoul on December 17, 2016, 11:03:49 PM
Mining means to solve a block and thus miner get rewards .. But what is pools? Is this helps to increase the profits?? Or decrease them?


Title: Re: pools
Post by: jonnybravo0311 on December 18, 2016, 12:35:37 AM
Pools are a group of miners that work together to solve the block.  The reward is split amongst the miners.  Because the chances of finding a block by yourself are remote (unless you happen to have petahash of gear), you join a pool.