Phrases with «mining pools»

A mining pool is a group of people who work together to mine cryptocurrencies, like Bitcoin. Instead of mining individually, they combine their computing power to solve complex mathematical problems and earn rewards. It allows miners to increase their chances of finding blocks, which results in more frequent and stable income. Full definition

Related phrases

Sentences with «mining pools»

  • But if one, relatively new bitcoin mining pool has its way, a much anticipated scaling solution could be dead on arrival. (coindesk.com)
  • This event clearly showed that even such a well thought - out system is controlled by the will of a very small number of people — particularly, the operators of mining pools. (bitcoinmagazine.com)
  • These large mining pools combine the talents and the equipment of hundreds, or even thousands, or individual miners, significantly increasing the odds that their block - finding attempts will pay off. (blokt.com)
  • (see all sentences)
a b c d e f g h i j k l m n o p q r s t u v w x y z