What is a mining pool?
Mining pool is one of the groundbreaking inventions in the world of cryptocurrencies. By using a sharing system where each miner gets a share based on how much they have contributed to the mining. This has dramatically increased the efficiency of mining. Each pool is essentially a network managed by an admin or company and together they form one big supercomputer. This then ensures that rewards are paid out regularly. The mining on the pool is fairly distributed according to the exact performance provided.