If you’re new to trading cryptocurrency or just got back from a long vacation you may not be familiar with what a multipool is. Blackcoin, which just had one of the most successful runs in cryptocurrency history, owes a large part of its success to the invention of the multipool.

Imagine you’re a miner. You really want a certain coin because you believe in its future. You might be able to mine it initially but if it’s not profitable (degree of difficulty, your rig specs, cost of electricity) then you’re better off mining a different coin, selling it for BTC, and buying the coin you wanted all along. With over 200 coins out there it becomes a hassle always mine the most profitable one. The solo miner needs to set up accounts for each coin, constantly monitor which is the most profitable, and then manually change what they’re mining. That’s where a multipool comes in — the miner donates his/her KHASH to the group and gets paid out in the coin he/she wanted all along. The multipool which will check sites CoinWarz and CoinChoose to automatically select the most profitable coin and the group will mine the same one together. With more miners working together there is a great chance of finding a block and getting paid out even more.