- Thread Author
- #1
A mining pool refers to a group of crypto miners from different locations who come together to combine computing resources over a network, thereby increasing the chances of getting a new block. Some examples of well-known mining pools include Binance pool, Antpool, Poolin. BTC.com. Kano pool etc. Here are the pros and cons that every crypto miner needs to know:
Pros:
Opportunity to get bigger mining rewards, more stable income, profitable for small or solo miners, reduced mining costs etc.
Cons:
Mining rewards must be shared with other members,
Mining pool fees charged by operators etc.
Pros:
Opportunity to get bigger mining rewards, more stable income, profitable for small or solo miners, reduced mining costs etc.
Cons:
Mining rewards must be shared with other members,
Mining pool fees charged by operators etc.