Solving that problem is a lot easier than solving the block itself, but doing so gets the pool closer to finding a winning nonce for the block. And the pool pays its members in bitcoins for every one of these easier problems they solve. Some other cryptocurrencies are worth very little in U.S. dollars, but it’s possible boringbitcoinreport.com to use what you mine and convert it into fractional bitcoins on an exchange, then hope that bitcoin gains in value. Set up a computer to help solve complex math puzzles and you are rewarded with a coin or a fraction of a coin. The first Bitcoin miners were able to earn coins relatively quickly just using what computing power they had in their homes. The broader cryptocurrency community is divided over whether cleaning up the mining sector is the best path to environmental sustainability.
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