Dogecoin Cloud Mining for Dummies

It's the oldest currently active mining pool and has an excellent reputation for stability and precision. Currently Slush Pool is the fourth biggest mining pool representing around 11.4percent of hash power overall.The sign-up process is extremely straightforward and you can create a demo miner in order to familiarize yourself with the dashboard.

This section on mining rewards is especially helpful as it contains a thorough explanation of how pay-outs are quantified by every consumer's scoring hash pace. If you switch from Slush Pool to another, then attempt to return, your score will drop significantly.Pool fees stand at 2 percent which is somewhat higher than some of the other pools on the market.

It's owned and operated by Bitmain, a China-based firm which also manufactures the Antminer collection of ASIC mining devices (you can check out our guide to the best ASIC devices here).AntPool has servers all around the world and uses an innovative peer reviewed mining protocol to link your device to the one nearest to you during installation, to get a faster and more dependable connection.Once you've set up your account and entered your own wallet address, payments are sent daily between 08:00-10:00 AM Beijing time (which is eight hours ahead of the UK), provided that the amount you've mined is 0.001 BTC.Being the largest pool allows users any perks in that they can select how they want to be rewarded.

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You can even select PPLNS (Payment Per Last N Shares) that is free but AntPool will keep all transaction fees. Currently, there's a new attribute - from June 18th to September 18th there's no pool fee.You can mine solo if you want but it's very unlikely you will make a profit doing this unless you have a colossal amount of hash power.

Prior to starting a mining pool in 2016, BTC.com was famous for creating a powerful Bitcoin wallet as well as its own blockchain explorer.BTC.com functions one of the most popular mining pools, vying with AntPool for the best spot. It currently represents over 20% of total international hash power.

BTC.com currently supports mining only Bitcoin and Bitcoin Cash.Ever innovative, BTC.com has its own method of rewarding miners known as FPPS (Full Pay Per Share). FPPS calculates a standard transaction fee within a given time,adds it to the block payoff (currently 12.5 BTC) and then spreads the whole to miners as with traditional PPS (Payment Per Share).

By way of example, the page explaining how FPPS works failed to load, and though the help section of the website is useful, there's no special getting started guide like Slush Pool. We were nevertheless able to find all the information needed to configure a miner. Windows users can also add and configure miners readily using BTC tool and BTC Smart Agent.A tempting niche option because of comparatively generous pay-outsNo registration requiredLow pool feesWebsite is very basicKanoPool has see it here been around since 2014.

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However, users who do choose to register can see more detailed statistics about the mining pool.The payment method used by KanoPool is PPLNS (Payment Per Last N Shares). 'N' in this instance is five times that the network problem, instantly after a block is found.The pool charge itself is 0.9percent and transaction prices are included in the block reward, meaning pay-outs are quite generous relative to rival bigger mining pools, even though payment may take some time.

Nevertheless Kano himself is an active participant in the BitcoinTalk forum and is extremely prompt to respond to questions about the pool.China-based pool together with support for a huge range of virtual currenciesClear fee structureSupports multiple cryptocurrenciesSign-up procedure requires phoneF2Pool (also known as DiscusFish) is a Chinese-based mining pool and has been operating since 2013.

Its also one of the most diverse pools in that while you can mine BTC, F2Pool additionally supports Litecoin, Zerocoin, Ethereum, Siacoin, DASH and Monero to name just a few.Pay-outs are created at midnight UTC each day on a PPS (Payment Per Share) basis of negative 3%. The pool keeps all transaction fees.

Also, there is no fee for mining BTM, ZEN and XDAG and this will last until the end of August.The site is currently offering a little additional incentive to miners. If you click to investigate mine LTC, you will get 1000 DOGE free.The website itself is well laid out and contains useful information, but non-Chinese customers who need service are encouraged to use the official F2Pool English language thread in the BitcoinTalk forums.The sign-up process for your pool can be a bit tricky as you need to fill out a Captcha and also verify your identity via text message, meaning you should have access to a mobile phone to begin mining. .