# Mining Pool(s) 1. Mining pools are a way for [[Miner(s)|miners]] to make sure that they get paid on a more frequent basis. Even if someone has a large amount of [[Hashing Power|hashing power]] to point at the [[Bitcoin (blockchain)]] network, it doesn’t necessarily mean that they are going to get a [[Block Reward|block reward]] on a regular basis. For example, someone with 10% of the network [[Hashrate|hash rate]] is expected to receive 10% of the block rewards. This means that the miner is going to receive nothing 90% of the time. If that miner joins a mining pool that collectively has 40% of the network hash rate, then he or she will receive a payment on 40% of Bitcoin [[Block(s)|blocks]]. A [[Mining Pool(s)]] is basically a way for [[Miner(s)|miners]] to pull their resources together to ensure more frequent payments, even though their share of those payments will be lower. 2. A group of people or organizations who come together to pool and share their computer resources for [[Crypto (cryptocurrency)|cryptocurrency]] [[Mining|mining]]. They then also split the [[Block Reward|rewards]]. 3. In a [[Mining Pool(s)|mining pool]], different users organize together in order to provide computing power for the [[bitcoin (BTC)|bitcoin]] network. If a Bitcoin [[Block(s)|block]] is newly created, each of the users in the mining pool receives its fair share proportionately to his [[Mining|mining]] power. To become a member of a mining pool, the user needs to run software provided by the mining pool. The advantage of the mining pools is that [[Block Reward|block rewards]] get [[Distributed (network)|distributed]] across the pool providing more stable income. 4. If a number of [[Miner(s)|miners]] combine their computing power together to try and help complete the transactions required to start a new [[Block(s)|block]] in the [[Blockchain|blockchain]], they are in a Mining Pool. The rewards are spread between those in the [[Mining|Mining]] Pool proportionately based on the amount of power they contributed. The idea is that being in a Mining Pool allows for more chance of successful [[Hashrate|hashing]], and therefore getting enough [[Crypto (cryptocurrency)|cryptocurrency]] reward to have an income. 5. Multiple users that combine their computing power to [[Mining|mine]] on the [[Blockchain|blockchain]]. Newly created [[Block(s)|blocks]] are proportionally shared with users according to mining power. The mining pool itself provides the software necessary to mine, and gives the advantage of [[Block Reward|rewards]] getting distributed across the pool, providing stable income. 6. A mining pool aggregates computing resources dedicated to [[Mining|mining]] [[Crypto (cryptocurrency)|cryptocurrencies]] and allocates any of the [[Mining|mined]] [[Block(s)|blocks]] proportionally. In practice, mining cryptocurrencies has some randomness to it, so mining pools serve an essential purpose in keeping volatility down for individual [[Miner(s)|miners]].