What is bitcoin pooled mining company

Now that you have Bitcoin mining hardware, your next step is to join a Bitcoin mining pool. Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. While mining pools are desirable to the average miner as they smooth what is bitcoin pooled mining company rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner. Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.