What is a stratum pool and how does it work in the world of cryptocurrencies?

3 answers

• S AbinanthanSep 17, 2023 · 2 years ago
  A stratum pool is a mining server that allows multiple miners to work together and increase their chances of successfully mining a block. It acts as an intermediary between the miners and the blockchain network. Miners connect to the stratum pool using specialized mining software and contribute their computational power to solve complex mathematical problems. The pool then distributes the work among the miners and rewards them proportionally based on their contributions. This pooling of resources improves the efficiency of mining and provides a more stable income for individual miners.
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• Krabbe DamsgaardAug 26, 2020 · 5 years ago
  Imagine a stratum pool as a group of miners collaborating to find a needle in a haystack. Instead of each miner searching for the needle individually, they work together and divide the haystack into smaller sections. This way, they increase their chances of finding the needle faster. Once the needle is found, the reward is distributed among the miners based on their efforts. Stratum pools are essential in the world of cryptocurrencies because they make mining more accessible and profitable for individual miners.
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• Kumud TJun 14, 2020 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the importance of stratum pools in the mining ecosystem. By connecting miners to reliable and efficient stratum pools, BYDFi enables miners to maximize their mining potential and earn stable rewards. Stratum pools play a crucial role in the world of cryptocurrencies, ensuring the decentralization and security of blockchain networks.
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