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A mining pool is when a group of cryptocurrency miners combine their processing power to get quicker mining results. The amount of processing needed to compete with mining pools has become very expensive and solo mining is no longer seen as viable an option by many. In a mining pool, contributing miners are paid in proportion to the amount of processing power they contribute.

Payment for the contribution made can be calculated in different ways depending on the type of pool the miners have joined. Each pools sets their own payment scheme, best pplns pool bitcoin can read more about the ethpool payout scheme. The most common calculation is PPS Pay per share where there is a standard payout best pplns pool bitcoin each miner based on the amount of processing power hashtag rate contributed.

The mining pool will pay a set rate based for each completed hash, so the more power your machine has, the more you contribute, the greater your earnings. To get an estimated idea of what you can earn, refer to https: The earned amount per hash is dependant on the difficulty at a certain point in time.

The difficulty is calculated on the overall hashing power of the global network. PPS is a popular choice by miners because of the ease in which potential earnings can be calculated. This payment calculation generally gives higher payout over a long period of time, but has a level of unpredictability, or luck involved. A pool may have a consistent number of blocks over a period of time, or may have large best pplns pool bitcoin, which affects the calculation and ultimately the payout.

As you earn based on the blocks found during best pplns pool bitcoin time that you mine, you may see large variances in the payments. The amount of processing power you have will have a significant impact on your earnings as your power is relative to the size of the best pplns pool bitcoin instead of there being a direct proportion between input and output. If your mining rig is not as powerful as best pplns pool bitcoin other miners, choosing a pool that pays on PPS would be best pplns pool bitcoin beneficial.

Miners are paid for each share that they submit, giving them the predictable payment method of PPS, but an additional transaction fee will be paid based on the PPLNS calculation method. This gives miners the best of both worlds as well as the potential to earn more. For a clear comparison of the payment methods see the ViaBTC page at, https: For clarity, many of the pricing discussions mention Solo. This is when a miner is allocated the full payment for the block they mined alone.

Different mining pools offer different payment options. Some pools give you the option to choose your payment method, such as ViaBTC and some have a standard payment methods for all the miners in the best pplns pool bitcoin so it is important to check before committing your resources. You can also use a mining calculator to get an estimate of how much you can earn.

Check out post on the top ethereum best pplns pool bitcoin for for more info on the different pools. In short, be prepared to do your homework ans shop around before you join a pool if you want to get the maximum return from your investment in mining hardware.

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A mining pool is an association of miners, whose equipment obtains cryptocurrencies. Each pool has a server distributing calculation tasks individually for every participant.

As soon as the block is formed, the server distributes the reward among miners according to the individually established rules. Servers automatically send the reward in cryptocurrencies to their miners. However, every server does it in a different way.

Here are the most popular kinds of reward calculation:. This pool was previously known as Bitcoin. It was created by Marek Palatinus nickname: Slush , CEO at Trezor. Founded in , it is the oldest and one of the first mining pools making their names. Its participants mine the most popular cryptocurrency, Bitcoin, and Zcash a bit. The pool reward is based on the Score method: Thus, the pool fights against miners who shift from one pool to another during the round.

The pool is controlled by China-based Bitmain Technologies produces mining equipment. Miners can obtain several cryptocurrencies in this pool: According to the BTC. In , this mining pool will keep allowing its users to choose a type of reward: All miners can select the most appropriate type.

Besides, the reward is paid once per day. One can adjust a minimum sum of payoffs on the wallet. Initially, it is 0. One more Chinese pool founded in Today, its share of global bitcoin mining is 8. The reward is sent to miners once per day using the PPS method.

However, the pool charges a higher fee than the majority of pools: The minimum amount of payoffs is 0. The service immediately warns its users: The pool was launched in June and became one the largest bitcoin mining pools in the world. Its share is 8. The fee is too high: Miners can do it on their own manually. All the above-mentioned mining pools have their own special features. Therefore, prior to joining one of them, one should weigh up the pros and cons: Main News Best mining pool in BlockchainWorldEvents 02 March What is mining pool?

How do mining pools distribute the reward? Here are the most popular kinds of reward calculation: If miners do not work with the pool, their reward will significantly decrease. Top 4 mining pools in SlushPool This pool was previously known as Bitcoin.

F2Pool One more Chinese pool founded in ViaBTC The pool was launched in June and became one the largest bitcoin mining pools in the world. Meet new speakers and key news of the conference.

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