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What is a mining pool (alternative name for mining pool)?

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What is a mining pool? A mining pool is a distribution of mining profits based

What is a mining pool (alternative name for mining pool)?

What is a mining pool? A mining pool is a distribution of mining profits based on different project choices.

Specifically, CoinPrint mining pools are designed in three ways to obtain profits. Secondly, mining rewards (such as BTC) can be obtained through the purchase of mining machines, and then other currencies can be used as collateral for loans, or stable tokens like USDC can be directly exchanged for fiat currency for mining participation. Lastly, it adopts “mining while trading,” “liquidity provision,” and “freely withdrawable” methods. In simple terms, these three are all currencies issued by a country or region, but due to different legal regulations in different countries, the two types of assets can be distinguished: Bitcoin, Ethereum, and some altcoin digital assets. Among them, Litecoin is the most famous.

What is a national pool? The main source of transaction fees generated by mining comes from electricity revenue, not the income from mining production. It is essentially a profit sharing. The profit earned by miners is calculated based on the price growth during the increase in computing power. Therefore, for ordinary investors who want to invest in altcoin digital assets, they need to invest a certain amount of funds to build infrastructure.

Alternative Name for Mining Pool

The alternative name for a mining pool has always been primarily in Chinese and English. For example, the block reward for Bitcoin has changed from 1 BTC to 10 BTC, and the block reward for Litecoin has decreased from 50 BTC to 25 BTC. (Mining Pool Website)

Generally, miners put “computing power” on the blockchain for mining. The so-called computing power refers to the quantity of computing resources or other resources obtained through the network in order to generate profits. Therefore, in many cases, “electricity revenue,” “transaction fees,” and transaction costs are relatively low. If you want to use this part of the cost, you must have the corresponding hardware equipment (such as CPU/GPU) to obtain the power or other resources. However, this method is not practical due to time constraints.

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