How Does a Mining Pool Aggregate Hashing Power?

A mining pool is a collaborative group of individual miners who combine their hashing power to increase their collective chance of finding a block. When the pool successfully mines a block, the reward is distributed among all participants proportional to the amount of hash power each contributed.

This process provides smaller miners with a more consistent, albeit smaller, stream of revenue compared to the highly variable income of solo mining. The pool operator coordinates the work.