A mining pool is a group of cryptocurrency miners who come together to collaborate on the process of mining. Instead of mining independently, participants combine their computing power to increase their chances of solving blocks and earning rewards.When a block is successfully mined, the reward is distributed among the pool members based on their contributed computational power. This allows even those with limited resources to earn more consistently, rather than facing long periods without rewards when mining alone.Mining pools typically charge a small fee for their services, which goes towards maintaining the pool’s infrastructure. They may also offer additional features, such as real-time statistics and support tools, to help miners track their contributions and earnings.By sharing resources, miners can achieve greater efficiency and profitability. This cooperative approach has become essential, especially in networks that require significant computational power to mine effectively.