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Andrew Groot
10 lines
907 B
Markdown
10 lines
907 B
Markdown
# Mining Pools
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Mining pools coordinate the efforts of a (typically large) group of miners.
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When a block is mined, the [block reward](/protocol/blockchain/block#coinbase-transaction) is distributed amongst the contributing members of the pool.
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This cooperation converts the discrete nature of block rewards into a continuous income for miners, allowing for all members to receive rewards whenever anyone in the pool successfully mines a new block.
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Miners generally connect to pools using the [Stratum protocol](/mining/stratum-protocol).
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While mining, miners submit shares in addition to valid blocks, allowing the pool to statistically verify that the miner is actively performing work toward the provided jobs.
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This mechanism also allows pools to distribute the block reward proportionally, based on the amount of work performed by each miner.
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The amount and timing of reward distribution varies by pool. |