To function, a blockchain needs a lot of processing power. The blockchain is decentralized so each user, also known as a "miner", provides this processing power. Miners are rewarded for each block successfully mined. The likelihood of a block cannot be determined by the miners individually. Even miners do not have the best equipment to guarantee a successful cryptocurrency mining. Miners create mining pools when they group together.
Hash power is combined by all miners in the pool to make it easier for them to get rewards and complete their mining. This is a key to maximizing the profitability of the mining operation and ensuring that all miners receive the same rewards.
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