Mining pools are groups of collaborating users who share the reward for a found block in proportion to the contribution of hash power to mining. For the average user, mining on a pool is desirable, as it makes profits more stable and predictable.
Currently, the majority of mining pools are located in China . This worries some community members because it indicates the centralization of power in one country (as of 2022, more than 80% of the total Bitcoin hashrate was concentrated in China).
On May 4, 2022, the largest crypto exchange Binance launched the mining platform. The Binance Pool commission will be 2.5%. Already on May 6, the pool entered the top 10 largest by hashrate.
Go to Binance Pool
#Binance Pool has broken into the Top 10 #Bitcoin mining pools by 24hr hashrate!
