Furthermore, mining pools allow miners with less powerful hardware to participate in the mining process and earn rewards by contributing their computational power collectively, democratizing the mining industry.
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I'm a member of the pool myself, and it's really a lifesaver if you don't have top hardware. Paybis https://paybis.com/blog/how-many-ethereum-are-there/ has a good explanation of how such pools help small miners earn money. Everything is fair: you team up with others, mine blocks together, and then share the reward. Without the pool, it would be many times harder to get anything at all.
I'm a member of the pool myself, and it's really a lifesaver if you don't have top hardware. Paybis https://paybis.com/blog/how-many-ethereum-are-there/ has a good explanation of how such pools help small miners earn money. Everything is fair: you team up with others, mine blocks together, and then share the reward. Without the pool, it would be many times harder to get anything at all.