Hello friend today i will discuss about BITCOIN MINE POOL VS BITCOIN MINERS.
BITCOIN MINING POOL - A Miners pool are pooling of resource by miners ,they shares processing power to the network to split the reward equally.According to the amount of work they contributed such profitability to finding a block.A "block" is award to member of the mining pool who present a valid proof work. Mining in pools begin when the difficulty for mining increase to the point where it could take centuries for slower miners to generate a block.The solution to this problem was for miner to pool their resource they could generated the block more quickly and therefore received of the block reward on a consistent basis is known as BITCOIN MINING POOL.
BITCOIN MINERS - Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain , and also the means through which new bitcoin are released. Anyone with access to the internet and suitable hardware can participate in mining. The mining process involves recent transactions into blocks and trying to solve a difficult puzzle. The participant who first solves the gets to place the next block on the blockchain and claim the rewards. The rewards, which incentives mining, are both the transaction fees associated with the transactions can be completed in the block as well as newly released bitcoin is known as BITCOIN MINERS.
