What are mining pools?

Furthermore, as more people start mining a certain coin, it becomes increasingly difficult for small miners to compete with the rest of the network. Since actual blocks found by small miners will be far and few between, block reward payouts become very irregular. This is why mining pools exist. Here, a large number of miners bundle their hashing power to find blocks for the pool, while each miner receives regular payouts corresponding to their relative contribution of hashing power. This ensures that small miners will receive regular payouts, whether they find blocks or not.

You can find a list of active TUBE mining pools here. All pools have roughly the same layout. They provide instructions on how to start mining under ‘Get started’ or similar. Each pool allows you to calculate mining profits based on your hash rate and track your payout history and mining statistics by filling in your wallet address.

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