Mining pool

miners pool resourcesmining operationpoolpooled
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.wikipedia
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Bitcoin network

bitcoin miningminingBitcoin protocol
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.
Computing power is often bundled together or "pooled" to reduce variance in miner income.

Cryptocurrency

cryptocurrenciescrypto-currencyaltcoin
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.
Some miners pool resources, sharing 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.

Proof-of-work system

proof-of-workproof of workreusable proof of work
A "share" is awarded to members of the mining pool who present a valid partial proof-of-work.
Within the Bitcoin community there are groups working together in mining pools.

Bitcoin

bitcoinsbitcoin walletBitcoin blockchain
To avoid the need for many different wallets for all possible minable coins, multipools may automatically exchange the mined coin to a coin that is accepted in the mainstream (for example bitcoin).
Bitcoin miners join large mining pools to minimize the variance of their income.

Computer performance

performanceprocessing powercomputing power
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.

Blockchain

Blockchainsblockchain technologyblock
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.

Single point of failure

single points of failurecentral point of failurecauses the entire circuit to "open" or stop operating
Peer-to-peer mining pool (P2Pool) decentralizes the responsibilities of a pool server, removing the chance of the pool operator cheating or the server being a single point of failure.

Cryptocurrency exchange

bitcoin exchangeexchangedigital currency exchange
Digital currency exchanger

Digital currency

electronic moneydigital currencieselectronic purse
Electronic money

List of bitcoin companies

bitcoin companiescompanies
Other services include mining pools, cloud mining, peer-to-peer lending, exchange-traded funds, over-the-counter trading, gambling, micropayments, affiliates and prediction markets.

Ghash.io

GHash.IO was a bitcoin mining pool that operated from 2013-2016 which allowed bitcoins to mine using personal hardware or cloud-based mining power.

Bitcoin Cash

Bitcoin ABCBitcoin BCH
In July 2017, the Bitcoin Cash name was proposed by mining pool ViaBTC.

Vertcoin

In contrast, Vertcoin aims to be decentralized by penalizing large mining pools that try to control the entire market through being ASIC resistant.

PotCoin

A week after launch, PotCoin had enough interest to merit multiple mining pools and on January 30, was added to a newly launched cryptocurrency exchange named Cryptorush allowing trading between Bitcoin and PotCoin.

NiceHash

Buyers select the crypto-currency that they want to mine, a pool on which they want to mine, set the price that they are willing to pay for it, and place the order.

Bitmain

The company also operates BTC.com and Antpool, historically two of the largest mining pools for bitcoin.

Calvin Ayre

In January 2018, Ayre has revealed he has dedicated significant amounts of his investment funds towards creating a Bitcoin Cash mining operation.