What Is a Mining Pool?

Last Modified:7 Dec 2019 13:53:28
What Is a Mining Pool?

Mining Pool

A mining pool is essentially a collection of miners who have pooled their resources and computing powers together in order to mine a cryptocurrency. As the mining difficulty of a cryptocurrency increases, it becomes harder and harder to mine, because it requires more computation power. Which itself requires more energy, electricity, and eventually more costs. This can often be too expensive for a solo miner. For this reason, miners form groups in order to decrease the costs of mining.

Each cryptocurrency has its own mining pool, or collection of its miners who have got together. If you want to mine a cryptocurrency, you can join its mining pool and essentially join many other miners who share the mining endeavor in order to decrease costs and increase efficiency.

Much like other cryptocurrencies, Counos Coin (CCA) also has its own mining pool. By joining the mining pool of Counos Coin (CCA) you can engage in mining CCA. Also, Counos Coin’s mining pool is the first trusted node in this network and by joining this pool you will get the most benefits from mining Counos Coin (CCA).