Best cryptocurrency mining pool
Is it the same way every time? Do all pools use a similar payment structure or are all of them unique? When you become a member of a mining pool, there are a number of ways your rewards for contributing hashing power can be calculated. A "share" is awarded to members of the mining pool who present a valid partial proof-of-work. Essentially, the more hashing power you contribute to the pool, the more shares you are entitled to. Pay Per Share The most simple payout scheme, Pay Per Share guarantees the miner a payout regardless of if the pool finds the next block or not.
The value of a share is determined by the amount of hashing power that is likely needed to find a block divided by the reward for finding it. If shares are likely needed to find a block and the reward is 6. PPS payout schemes pay out every block based on block rewards only Because payment is guaranteed, more of the risk is on the mining pool operator. One final feature of Pay Per Share is that transaction fees from each block are kept by the pool operator.
Pool members are only paid based on block rewards. Using these numbers, the pool determines your total share contributions over the round to determine your payout. PPLNS payout schemes do not pay out every block For example, if the pool mines through 6 blocks before finding a block, Then their reward for all the hashing power the pool contributed to the network over they 6 block round is 6.
If you contributed shares for each of those blocks and the total number of shares was , then your payment would be. The idea behind this payout scheme is that it removes all luck and only pays members based on their contribution to actual revenue earned by the pool. This scheme also incentivizes members to continue mining on in the pool even as the profitability of mining different coins rises comparatively. This is because disconnecting from the pool before a block is found will pay you nothing.
Pools that use Pay Per Last N Share may or may not include transaction fees in their reward payouts so it is up to your to find this out from each pool. So which pool should you choose? Let's go over all the most important info of each of the pools. By the end, you should be able to pick the best one for you.
About Antpool Antpool mined its first block in March , meaning that it emerged roughly four years after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd. Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability US, Germany, China etc. How to Join Antpool The pool is free to join and the process is simple. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. If you need help deciding, I suggest you take a look at our hardware and software guides.
So make sure to make the right choice in order to optimize your rewards. You can see below for more details: Bitmain's fees While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a Lately, however, Bitcoin transaction fees have been rising and an additional bitcoins are collected per block by pools. At this time, Antpool keeps bitcoins form transaction fees for itself, which are not shared with miners who have hash power pointed toward the pool.
It can be argued that these rates prevent the service from being usable for small-time and big-volume users. Consequently, some users on bitcointalk. What is the Payout Threshold? The minimum withdrawal amount is 0. What is the Controversy around Antpool? Antpool had refused to enable arguably beneficial upgrades to Bitcoin for reasons that have been largely disproven. More specifically, the controversy revolved around Segwit — a feature that required miner activation to be enabled.
Despite the fact that most Bitcoin users wanted this feature activated, Antpool, among other pools, was attempting to block it. This eventually resulted in the Bitcoin Cash hard fork and the ultimate activation of Segwit on Bitcoin. The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool.
Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home. Although Bitfury controls a large portion of the Bitcoin network hash rate, its committed to making Bitcoin decentralized: BitFury is fundamentally committed to being a responsible player in the Bitcoin community and we want to work with all integrated partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together.
Slush Pool has been around since and is one of the oldest Bitcoin mining pools in existence. Since the launch, the pool has had its ups and downs but things have been mostly positive recently. Satoshi Labs run Slush Pool. You may also know Satoshi Labs from their work on Trezor , the first Bitcoin hardware wallet and Coinmap, a world map outlining which merchants accept Bitcoin.
That percentage makes it one of the five biggest Bitcoin mining pools on the Internet. What Services does Slush Pool Offer? Fees and Payments In terms of fees, Slush Pool is very similar to other mining pools on the market. Customer Service Customer support is at a high level. Of course, the users can send emails to the network officials if they have any problems.
In most cases, a customer support agent will respond in less than 24 hours. However, you can also talk to customer support agents instantly if you have an emergency problem. The company has a dedicated website, where you can start a conversation with customer support if you have questions about your mining setup, user account, or rewards. Security Security levels are more than satisfactory.
You have 2-factor authentication and wallet address locking for emergency cases. You get a read-only token that allows you to log into your account, in case someone tries to hack your account or steal your identity. In addition to that, the company only uses highly-secured servers, which guarantee the safety of your Bitcoin wallets. Slush Pool Pros It's the world's longest-running bitcoin mining pool The service has had hundreds of thousands of users over the last decade The interface is good-looking and easy to use for users of all knowledge levels It offers you score-based mining, which prevents you from being cheated by others Slush Pool Cons The transaction fee is not as low as it is on other top websites Once you stop mining on this network, your user-score goes down quickly Should You Use Slush Pool or Not?
In conclusion, is Slush Pool worth your time and effort? The short answer is yes, Slush Pool is a good choice if you want to start mining. Plus, it gives awards to some of its most active users. This highly flexible, open-source platform helps you scale up your mining operations rapidly, as it works with a variety of hardware options. CGMiner runs on a command-line interface, rather than a graphical interface.
That means the platform has a steeper learning curve than some other mining platforms, but CGMiner remains the go-to choice for experienced users who deploy a variety of different platforms and devices. With CGMiner you can easily manage mining rigs remotely, via keyboard commands, allowing you to adjust settings on devices such as fan speeds for cooling.
The latest version, however, is only for ASIC hardware. You can even track your mining performance while away from your main computer. The Awesome Miner interface manages all your mining activity in one program, allowing you to manage multiple mining engines and control mining pools in the same place. In addition, it can manage several different types of mining hardware rigs. Through the dashboard, you can track information like your mining hash rate, fan speeds, the temperature of your devices and earnings.
Awesome Miner runs on Windows and Linux, and it also offers a cloud-based web version that can be accessed via a browser on any internet-connected device. The EasyMiner dashboard provides graphical representations of your crypto mining workflows, making it simple to switch mining pools, change your network settings and check your crypto wallets.
EasyMiner makes all your mining activity private while protecting your mined Bitcoins from being stolen. When you set up the software, it immediately begins mining cryptocurrency for you. The tradeoff for this ease of use is that this program is mainly for less powerful central processing unit CPU and GPU mining capabilities. You can also mine for Litecoin and other cryptocurrencies. Kryptex Miner, a Windows app, pays users for their computer powers. The program is meant to run in the background and automatically switch your equipment to mine the coins that will earn you the highest profit.
Be warned, payment comes with a few strings attached. Instead, you pay upfront for a mining contract, and through that, you lease Bitcoin mining equipment and electricity through ECOS. At the start of the contract, you pick what you forecast the price of Bitcoin will be over time, the duration of the mining contract, and the total hash power from your mining, based on how much you want to spend. The site will then estimate a profit, but the actual results will depend on the price of Bitcoin as you mine.
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