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Lilly Wilson
Lilly Wilson

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What is Pool Mining?

The pool mining method is where the members of a pool club combine their resources in order to solve computational problems.

The rewards are given to the miners who are part of the pool network once the blocks have been successfully mined.

In order to increase their chances of successfully mining a block independently, independent miners pool their processing power and use the pool mining method.

They work similarly to stake pools, using the method of proof of works. As the total computer power grows, so does the likelihood of making a profit.

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