What is a mining pool?
A mining pool is a service that combines the hashrate of many miners and shares the block rewards among them in proportion to the work each one did.
How it works
Miners send the pool shares, which are hashes that meet an easier target than a real block and prove work was done. The pool builds the blocks, collects the rewards and pays miners by a method such as FPPS or PPLNS, less a fee.
Why it matters
A single machine could wait years to find a block alone. A pool turns that lottery into a steady daily payment.
Related terms
All terms: the Bitcoin mining glossary.
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March 22–24, 2027 · Irving Convention Center · Dallas
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