How the Mining Pool Works: PPLNS vs. SOLO

September 15, 2017
Let’s make it clear what mining is and how the mining pool works. We will try to explain it in a simple “For Dummies” way. Cryptocurrencies run on blockchains. A Blockchain is a sequence of blocks. Each new block is a piece of data. It contains information about the transactions accomplished within the last minutes or seconds (conditionally). Each new block contains a “puzzle” based on the data from a previous block. This irreversibility makes the blockchain special.