What is mining pool?

DEFINITION of Mining Pool. A mining pool is a joint group of cryptocurrency miners who combine their computational resources over a network.

Is there a pool to mine newer coins?

As a large miner, it is hard to find pools that can support a lot of hashrate and workers on newer coins. We have had a great experience solo mining newer coins, in particular, Grin, with 2Miners. They have excellent infrastructure and engineering expertise and help us generate maximum coin/hash.

What are peer-to-peer mining pools?

Peer-to-peer mining pools, meanwhile, aim to prevent the pool structure from becoming centralized. As such, they integrate a separate blockchain related to the pool itself and designed to prevent the operators of the pool from cheating as well as the pool itself from failing due to a single central issue.

What is a proportional mining pool?

Proportional mining pools are among the most common. In this type of pool, miners contributing to the pool's processing power receive shares up until the point at which the pool succeeds in finding a block. After that, miners receive rewards proportional to the number of shares they hold.