GlossaryIntermediate

Mining Pool

A group of miners who combine computing power and share rewards proportionally.

A mining pool is a group of individual miners who combine their computing power to increase their collective chances of successfully mining a block, then share the resulting rewards proportionally.

Joining a pool generally produces smaller but more frequent and predictable payouts than mining alone, where a single miner's chances of success can be very low.

Examples

A miner might join a pool to receive smaller, more frequent rewards instead of rare, larger ones alone.
Mining pool rewards are typically distributed based on each participant's contributed computing power.