How Mining Pools Adapt To Changing Market Conditions

How Mining Pools Adapt To Changing Market Conditions

Miners need to be flexible to changes in the market, including global cultural differences and adversarial legal frameworks when countries ban Bitcoin.Mining pools are important to the Bitcoin ecosystem because they allow small bitcoin miners to collect rewards for their hash rate. Small-time miners are very unlikely to find a block and receive the block reward on their own. Mining pools improve the chances of individual miners finding a block because the pool groups the hash rates of all the miners in the pool, acting as one big miner.A group of mining pool specialists sat down together....


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