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Cryptocurrency Mining Pools

Cryptocurrency mining is a process in which transactions for various forms of cryptocurrency are verified and added to a blockchain’s digital ledger. Each time a cryptocurrency transaction is made a miner is responsible for ensuring the authenticity of information and updating the blockchain with the transaction. The process itself involves competing with other cryptominers to solve complicated mathematical problems with cryptographic hash functions that are associated with a block containing the transaction data.
A cryptocurrency mining pool is a group of cryptocurrency miners who combine their computational resources over a network. Participants in a mining pool contribute their processing power toward the effort of finding (mining) a block. If the pool is successful in these efforts and is rewarded with cryptocurrency tokens as a result, the mining pool divides up these rewards to individuals who contributed according to the proportion of each individual’s processing power or work relative to the whole group.

Find a pool to join by reviewing our comprehensive mining pool database.

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