Asslamo-alikum to all of my friends of Steem Alliance Community.Is everything is ok? my friends.Hoping all members are really good and I'm also well.Today I'm here again with the new topic for posting about cryptocurrency.Today's topic of the post is all about mining pool in the cryptocurrency.Before few days, i have explained about mining in cryptocurrency and today's I'm going to share mining pool in cryptocurrency.

Definition:- Mining pool is a pool in which different miners of cryptocurrency, that want to mine the cryptocurrency, connected their computers and machines with each others for mining the crypto assets with the high chances.As many miners as there are in a mining pool connect all their machines with each other's machine which creates a lot of power and with this power they mine a lot of crypto assets.Pool for the mining is the very important for mining.

All the miners in the mining pool connect their machines to each other so that the power of all the machines becomes very high which in turn gives more chances to mine crypto.When mining, when all the miners are mining, they complete a transaction, which in turn creates a new block, so it takes a lot of time and difficulty, but if all the miners gather together, then mining is done very quickly through a single power.

Explanation:- When mining in the mining pool, when all the miners connect their machines to each other's machines, when they successfully mine Crypto, all the rewards are divided among all the miners.In the mining pool, when any miner gives the power of his machine according to the same calculation, when he is mined, he gets a reward according to the same calculation. If someone has given more machine power, he will get more reward. If he gives less, he will get less.

In a mining pool, the method of mining crypto is not the same or different mining pools have a different method. In many mining pools, they just use the machinery of the pool and use it to mine cryptocurrency, while in some pools They mine crypto through their effective power.In the mining pool, when the miners mine the crypto, then there are different payment methods, such as the payment method of not transferring money, thus there are different methods of converting the mined crypto into payment.

Whenever a miner enters the mining pool, it has certain requirements, then a group is formed in which all the miners combine the effective power of their machinery into one power, which in turn processes the transaction and In addition, these transactions are value-dated, people solve chain problems, and solve puzzles in exchange for cryptomines, which are then distributed among all the miners.

Advantages:- The advantage of mining pool in crypto currency is that when crypto has to be mined there are more miners so whoever has more power has more chances to mine crypto but in mining pool. All those who are miners of crypto collect their powers, in return, everyone takes unlimited power, but when crypto mining is done, they are rewarded according to the same power and their power is not lost.

Disadvantages:- In cryptocurrency, when you want to mine crypto, you participate in the mining pool, then its disadvantages are that when you make your investment in the pools of crypto, that is, you give the effective power of your machinery, then the reward is very low. get and you have to do everything according to their rules but if you do mining alone then all the reward is yours and you can mine crypto according to your own rules this is its negative point.

Conclusion:- So friends, that's all about mining pool in cryptocurrency.It is a pool , in which different miners get together and use thier machinery power to mine cryptocurrency.In the return they get rewards and the rewards has been equally distributed to all the miners.It has some advantages and disadvantages , that i has been explained.I hope mine all friends will understand about mining pool in cryptocurrency after reading this post.Good Bye!