What is Bitcoin Mining – Explained Connect with me on Facebook https:// How Does A Mining Pool Work? If you are not familiar with bitcoin mining here is a very basic overview… Every 10 minutes a new block of 12.5 Bitcoin is found by someone in the network who is hashing. In order to find a block you must attempt to solve a math problem using a cryptographic hashing function. The more hashing power you have the higher the probability is to guess the correct answer and solve the problem. Because of how mining actually works it is always getting harder for smaller mines to make profits. This is actually why mining pools were created in the first place. In the early days anyone could mine with their home computer and hit a block. Now, even if you have mi
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