Do Mining Pools Enable Individual Miners to Effectively Compete Against Institution Cryptocurrency Miners?

Friends, mining pools allows cryptocurrency investors to pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block.  In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block. Mining pools are groups of miners who pool their resources together in order to generate blocks more quickly. Miners then receive more regular rewards than they would mining solo, as rewards are shared among members. Eligius, Kank CKPool, F2Pool, Slush Pool and AntPool are some of the most common mining pools … each with their own pros and cons. Membership fees can range from 0.00% to 3.00% and the reward or incentive categories include Pay-per-Share (PPS), Proportional, Score based and Pay per Last N Shares (PPLNS). Are mining pools a good fit for your circumstances? Share your comments with us today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)