Why Compute North?
Managed Blockchain Services
The Compute North mining pool serves to further bring together the key components of an efficient mining operation, reducing the number of vendors and platforms a customer needs to monitor and track miner activity.
Mining pools are increasingly becoming integrated into broader mining ecosystems of exchanges, financing packages, financial instruments, and colocation. By combining the mining pool and colocation stack, miners can benefit from a more seamless mining solution.
Mining Pool Fundamentals
Cryptocurrency mining is all about working to unlock each block to get the reward that is in it. The more attempts (hashes) you can perform per second, the greater the chances you have to get the reward (think of it like this – the more lottery tickets you have the higher your chance of winning the lottery). Because miners by themselves typically do not have enough hashing power to consistently find blocks, they join a mining pool that combines everyone’s hash power to hash blocks. With more hashing power it is easier to find blocks. Then, the reward is split among the miners based on the amount of work they contributed, with a small fee paid to the pool operator.