How can one earn money through mining pool??

[Sincerem]

Mining pool can not stand itself to make money with. You will need to have mining hardware and materials first. After setting up a mining then you will join mining pool to mine with other minners

Your points are well said. When it comes to mining it can't be mined with simply software app, it uses different things to mine, the hardware, electricity and other equipments. One who isn't acquainted with mining have to go where it can be acquired to know how mining works.

 

[Lens]

Mining pool is a network comprising many miners . They would mine faster than if they were to mine individually. The mining processes is always very slow aand this calls for mining pool. I would make more if I have lots of miners in my mining network. It's pretty cool to make money via this means.

 

[Good-Person]

Mining pool can not stand itself to make money with. You will need to have mining hardware and materials first. After setting up a mining then you will join mining pool to mine with other minners

Exactly! I have tried earning money by mining cryptocurrencies on various popular mining pools online. However, I have never managed to earn a single penny from them because my hardware was not that much powerful. Moreover, we also need to pay a fee.

 

[Justin]

AS far as I know rewards for mining pool is very small. You also need to freeze your asset in mining pool. Since crypto market is decentralized, you can be easily scammed through this method.

 

[frederick_9]

Trust Wallet has been around for at least a year and is not a Ponzi scheme; it does not offer a referral link or anything similar.
The CEO of Binance is the owner of it.
The app is available on the PlayStore and the app store.
It is cost-free and safe.

 

[Nomad]

Mining pool works just like Mutual Funds, you pay money and your money will be used in mining activities and you get your share of profit. There is a risk of losing money, though.

 

[Planbizzle]

I heard people talking about mining pool, branding it where group of miners come together to share a mining block or pool. I don't know how one can invest and take part in their revenue share. Is their any advice about making money through mining pool business??

Entering a mining pool and providing the pool with your processing power is one method for generating income via mining pools. The rewards are distributed among the members in the pool according to the processing power that each miner provided when a block is discovered.

 

[Sincerem]

Entering a mining pool and providing the pool with your processing power is one method for generating income via mining pools. The rewards are distributed among the members in the pool according to the processing power that each miner provided when a block is discovered.

Thanks for the explanation , but another challenge most people might be facing with this is the fact that there are so many of them on the internet that claims to be legit when they are not. Is there any way to identify the legit one for investment ?