Why do we have to join in a mining pool?

[ayazfx]

So, you've heard that mining Ethereum can be a profitable business and may .... Mining cryptocurrency does not guarantee a profit, but you can always try. .... some shares of mining power – like a mining pool – and profit together with the pool. .... If you read the fine print of your crypto cloud mining contracts, you will see that

[Aya]

At first, we would think that mining alone would be profitable because of course, you wouldn't have to share the rewards with thousands of other people. BUT that is, if you would be the one to solve the hash first. When you mine alone, you are competing with thousands of people, most of whom are part of a mining pool. Unless you have better hash power than those pools, then mining won't be profitable for you.

Unless you are willing to spend money to the highest extent for all the mining costs, then mining alone will only lose your money instead of earning you profit.

[Sendo12]

At first, we would think that mining alone would be profitable because of course, you wouldn't have to share the rewards with thousands of other people. BUT that is, if you would be the one to solve the hash first. When you mine alone, you are competing with thousands of people, most of whom are part of a mining pool. Unless you have better hash power than those pools, then mining won't be profitable for you.

[Alexthedefender04]

Before joining a pool, make sure to perform due diligence. Search for complaints about the pool on social media and filter out shill posts to find real reviews. There are many ways in which a pool can defraud its users as they have full control of the mining process. It is important to join a pool which has a good reputation and which has many contributors.

[AbdulShiek]

You have a higher chance to increase your earning if you join the Mining pool. It is a guild of workers.

[Mr. Cid]

One should join in a mining pool to work together and to solve the entire block.

[Newbie_trader]

Miners nowadays gathered their resources together to mine any cryptocurrencies. I am just curious, is it not profitable to mine alone? What do you think?