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Mining Pool

A mining pool is a collaborative group of cryptocurrency miners who combine their computational resources over a network to increase their probability of successfully mining a block. In a mining pool, individual miners contribute their processing power to the collective effort of finding a block.

When a block is mined successfully, the reward is distributed among the participants of the pool. The distribution of rewards is typically proportional to the amount of computing power each miner has contributed to the process.

This pooling approach enables individual miners to receive a steadier and more predictable return, as opposed to the fluctuating returns of solo mining. By joining a mining pool, miners can work together to improve their chances of success and share in the profits from their mining activities.

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