🔥 Mining Pools: Explaining Concept Behind New Age of Mining - 36 Crypto Analytics

🔋 After the Bitcoin halving, mining activity surged while hashrate and average revenues hit lows. As mining remains popular, efficiency and sustainability are key, bringing mining pools into focus.

🏊 A mining pool is a group of miners who combine their computing power to increase the chances of earning rewards. When a new block is found, the reward is split among members based on their contribution. Popular payout methods include Pay-Per-Share (PPS), Full-pay-per-share (FPPS), and Pay-Per-Last-N-Shares (PPLNS).

⚙️ Mining pools like WhitePool by WhiteBIT offer benefits like 0% fees on rewards, 24-hour multilingual support, and VIP programs. Pools are more efficient and cost-effective compared to solo mining, which faces high competition and expenses.

🔍 While solo mining can yield higher rewards over time, mining pools provide stability and lower costs, making them a more viable option. With increasing regulations, pool mining might become the preferred method for many.