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What are Bitcoin mining pools?

Bitcoin mining pools are a way for the miners to “pool” together their hashing power and then divide the rewards equally according to the number of shares they contributed solving a block. Bitcoin mining in pools started when the network difficulty got too high to the point that it could take years for miners to generate blocks. The solution was to pool their resources together and share the hashing power so that blocks could be solved quicker and hence receive more rewards.

bitcoin
Bitcoin (BTC) $ 23,123.20
ethereum
Ethereum (ETH) $ 1,592.89
tether
Tether (USDT) $ 0.999962
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 0.999257
xrp
XRP (XRP) $ 0.404432
cardano
Cardano (ADA) $ 0.389338
solana
Solana (SOL) $ 24.15
polkadot
Polkadot (DOT) $ 6.28
dogecoin
Dogecoin (DOGE) $ 0.095377
shiba-inu
Shiba Inu (SHIB) $ 0.000012
matic-network
Polygon (MATIC) $ 1.11
tron
TRON (TRX) $ 0.062516
avalanche-2
Avalanche (AVAX) $ 20.03
ethereum-classic
Ethereum Classic (ETC) $ 21.77
uniswap
Uniswap (UNI) $ 6.59
litecoin
Litecoin (LTC) $ 94.36
cosmos
Cosmos Hub (ATOM) $ 13.33
terra-luna
Terra Luna Classic (LUNC) $ 0.000173
chainlink
Chainlink (LINK) $ 7.03
crypto-com-chain
Cronos (CRO) $ 0.079246
stellar
Stellar (XLM) $ 0.091041
bitcoin-cash
Bitcoin Cash (BCH) $ 134.53
vechain
VeChain (VET) $ 0.023298
eos
EOS (EOS) $ 1.07
filecoin
Filecoin (FIL) $ 5.25
tezos
Tezos (XTZ) $ 1.07
decentraland
Decentraland (MANA) $ 0.746562
the-sandbox
The Sandbox (SAND) $ 0.733196
axie-infinity
Axie Infinity (AXS) $ 10.87
elrond-erd-2
MultiversX (EGLD) $ 43.13
chiliz
Chiliz (CHZ) $ 0.133845
bittorrent
BitTorrent (BTT) $ 0.000001
helium
Helium (HNT) $ 2.67
pancakeswap-token
PancakeSwap (CAKE) $ 4.02
enjincoin
Enjin Coin (ENJ) $ 0.442008
zilliqa
Zilliqa (ZIL) $ 0.027191
nexo
NEXO (NEXO) $ 0.816264
terrausd
TerraClassicUSD (USTC) $ 0.025184
arweave
Arweave (AR) $ 10.50
1inch
1inch (1INCH) $ 0.513461
kadena
Kadena (KDA) $ 1.22
yearn-finance
yearn.finance (YFI) $ 7,298.51
link
LINK (LN) $ 41.03
chia
Chia (XCH) $ 45.07
nervos-network
Nervos Network (CKB) $ 0.003700
wazirx
WazirX (WRX) $ 0.193350