By joining a mining pool it offers miners the advantage of receiving daily payouts for their contributions to the collective mining effort. In a mining pool, individual miners combine their computational power to increase the chances of successfully mining a block. When the pool successfully mines a block, the reward is distributed among the participants based on the amount of computational power each contributed. This arrangement allows miners to receive more predictable and consistent earnings, as opposed to solo mining, where rewards can be sporadic and depend on successfully mining a block on their own. Daily payouts from a mining pool provide a steady stream of income, making it a preferred choice for many miners looking for regular returns on their investment.