Mining Pool, which refers to a collection/group of miners cooperating to improve their odds of finding a block at the group level as opposed to the individual level. Miners in such pools pool their individual computational resources with those of the other members, enhancing their combined processing capacity and assisting in the speedier completion of the desired output.

To use an analogy, a gold digger capable of digging 100 square meters of land in a single day will need 100 days to search for gold on a hectare of land. A team of 100 gold diggers can finish the job in one day. If all 100 diggers put in equal effort to investigate their assigned areas of land, the unearthed gold can be divided equitably among them.