Talk:Mining pool

The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

Cryptocurrency Mid‑importance

	This article is within the scope of WikiProject Cryptocurrency, a collaborative effort to improve the coverage of cryptocurrency on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.CryptocurrencyWikipedia:WikiProject CryptocurrencyTemplate:WikiProject CryptocurrencyWikiProject Cryptocurrency
Mid	This article has been rated as Mid-importance on the importance scale.

Economics Low‑importance

	Business and economics portal This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.EconomicsWikipedia:WikiProject EconomicsTemplate:WikiProject EconomicsEconomics
Low	This article has been rated as Low-importance on the project's importance scale.

Potential semantics confusion

An everyday user will not understand the underlining pool mechanism. For example, a cluster of individual threads (POW) mining to a single address is not a pool because there is no central distributor and the threads are competing against each other. But, to the everyday user that will look like pool mining.

What is a bitcoin mining pool

In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block. A "share" is awarded to members of the mining pool who present a valid partial proof-of-work. Mining in pools began when the difficulty for mining increased to the point where it could take centuries for slower miners to generate a block. The solution to this problem was for miners to pool their resources so they could generate blocks more quickly and therefore receive a portion of the block reward on a consistent basis, rather than randomly once every few years. 103.205.134.146 (talk) 20:06, 26 September 2024 (UTC)[reply]