Understanding Bitcoin Mining Pools
Have you ever wondered how the majority of Bitcoin is mined today? With miners facing increasing competition and complexity, Bitcoin mining pools have become a crucial part of the cryptocurrency ecosystem. A mining pool allows multiple miners to combine their computational resources and share the rewards. According to reports, over 60% of Bitcoin is mined through pools as of 2023.
How Bitcoin Mining Pools Work
In simple terms, think of a mining pool as a collaborative effort similar to a community garden. Each miner contributes their
