Mining Pool: Pros and Cons A mining pool is a group of miners who work together to increase their chances of mining cryptocurrency. In this format, participants share their computing power and then distribute the rewards for mined blocks proportionally to their contribution. Pros: 🔵 Stable Income In solo mining, rewards depend on luck, but in a pool, payouts occur regularly, even if a miner's power is low. 🔵 Higher Chances of Rewards Collective efforts increase the probability of successfully finding a block, making pool participation more profitable than solo mining. 🔵 Accessibility for Small Miners Allows mining even with limited computational resources, which is especially important for beginners and those with weaker equipment. 🔵 Automatic Revenue Distribution Most pools use transparent reward distribution schemes such as PPS (Pay Per Share) or PPLNS (Pay Per Last N Shares), making payouts predictable. Cons: 🔴 Pool Fees Pools take a percentage of the earnings (usually 1% to 3%), reducing overall profits compared to solo mining. 🔴 Dependence on Pool Rules Some pools may change payout conditions, impose restrictions, or even shut down, creating additional risks. 🔴 Hashrate Centralization Large pools control a significant portion of the network’s power, reducing cryptocurrency decentralization. 🔴 Security Risks When choosing a pool, it is important to consider its reputation, as there have been cases of fraud where administrators disappeared with participants' funds. Grëât Cryptö Nêws