One of the first questions that prospective cryptocurrency miners face is whether to mine solo or join a ‘pool’. There are a multitude of reasons both for and against mining pools. Here’s what you need to know.
If you’re deciding whether to join a mining pool or not, it can be helpful to think of it like a lottery syndicate – the pros and cons are exactly the same. Going solo means you won’t have to share the reward, but your odds of getting a reward are significantly decreased. Although a pool has a much larger chance of solving a block and winning the reward, that reward will be split between all the pool members.
Therefore, joining a pool creates a steady stream of income, even if each payment is modest compared to the full block reward (which currently stands at 6.25 BTC). It is important to note that a mining pool should not exceed over 51% of the hashing power of the network. If a single entity ends up controlling more than 50% of a cryptocurrency network’s computing power, it could theoretically wreak havoc on the whole network.
Difficulty level is another factor to keep in mind when considering solo mining. It is currently so high that it’s practically impossible for soloists to make a profit mining. Unless, of course, you happen to have a garage full of ASICs sitting in Arctic conditions. If you’re a beginner, joining a mining pool is a great way to reap a small reward over a short period of time. Indeed, pools are a way to encourage small-scale miners to stay involved.
One method of mining that bitcoin facilitates is “merged mining”. This is where blocks solved for bitcoin can be used for other currencies that use the same proof of work algorithm (for example, namecoin and devcoin). A useful analogy for merged mining is to think of it like entering the same set of numbers into several lotteries.
First-time miners who lack particularly powerful hardware should look at altcoins over bitcoin – especially currencies based on the scrypt algorithm rather than SHA256. This is because the difficulty of bitcoin calculations is far too high for the processors found in regular PCs.
When deciding which mining pool to join, you need to weigh up how each pool shares out its payments and what fees (if any) it deducts. Typical deductions range from 1% to 10%. However, some pools do not deduct anything.
There are many schemes by which pools can divide payments. Most of which concentrate on the amount of ‘shares’ which a miner has submitted to the pool as ‘proof of work’.
Shares are a tricky concept to grasp. Keep two things in mind: firstly, mining is a process of solving cryptographic puzzles; secondly, mining has a difficulty level. When a miner ‘solves a block’ there is a corresponding difficulty level for the solution. Think of it as a measure of quality. If the difficulty rating of the miner’s solution is above the difficulty level of the entire currency, it is added to that currency’s block chain and coins are rewarded.
Additionally, a mining pool sets a difficulty level between 1 and the currency’s difficulty. If a miner returns a block which scores a difficulty level between the pool’s difficulty level and the currency’s difficulty level, the block is recorded as a ‘share’. There is no use whatsoever for these share blocks, but they are recorded as proof of work to show that miners are trying to solve blocks. They also indicate how much processing power they are contributing to the pool – the better the hardware, the more shares are generated.
The most basic version of dividing payments this way is the ‘pay per share’ (PPS) model. Variations on this puts limits on the rate paid per share; for example, equalised shared maximum pay per share (ESMPPS), or shared maximum pay per share (SMPPS). Pools may or may not prioritise payments for how recently miners have submitted shares: for example, recent shared maximum pay per share (RSMPPS). More examples can be found on the bitcoin wiki.
There are many pool options available for mining beside bitcoin. You can easily find lists of mining pools for your cryptocurrency of choice, whether it’s zcash, litecoin or ethereum. Some popular ones are BTC.com, Slush Pool and AntPool.
Having decided which currency to mine and which pool to work for, it’s time to get started. You need to create an account on the pool’s website, which is just like signing up for any other web service. Once you have an account, you’ll need to create a ‘worker’. You can create multiple workers for each piece of mining hardware you’ll use. The default settings on most pools are for workers to be assigned a number as their name, and ‘x’ as their password, but you can change these to whatever you like.
ethereum pools
bitcoin dice eobot bitcoin bitcoin автосборщик подтверждение bitcoin bitcoin hyip segwit bitcoin динамика ethereum bitcoin neteller bitcoin usd bitcoin conveyor land bitcoin обмен ethereum ethereum обвал bitcoin сбербанк вывод monero теханализ bitcoin валюта tether майнинга bitcoin криптовалюта tether
mmgp bitcoin bitcoin card bitcoin сигналы cudaminer bitcoin Open-source software with added benefit of customer and community supportfunctionality. And there are hundreds of Bitcoin startups, many purporting toscrypt bitcoin A hardware wallet is one that allows you to keep your coins offline where they can’t be hacked or stolen. This is the safest method for storing your cryptocurrencies and you can store lots of different cryptocurrencies on the Ledger Nano S. The only thing you must do is keep the physical device safe. Hardware wallets are priced around $70-$100.clicker bitcoin фонд ethereum forum ethereum bitcoin charts The creator of Bitcoin made three main concepts for Bitcoin that are essential in understanding the principles of Bitcoin:abi ethereum wei ethereum autobot bitcoin blender bitcoin Inform yourselfинвестиции bitcoin Bitcoin uses wallets for Bitcoin transaction such as sending and receiving it electronically and for security purposes it will be digitally signed. There are only Bitcoin transaction records not Bitcoin itself in the wallet.carding bitcoin hyip bitcoin ethereum miner ethereum stats trader bitcoin регистрация bitcoin ninjatrader bitcoin обменять monero ethereum курс сети bitcoin ethereum биржа sell ethereum криптовалюту monero grayscale bitcoin mining bitcoin bitcoin crash bitcoin mmm json bitcoin lite bitcoin
alipay bitcoin bitcoin мошенники Mining’s ultimate purpose is to prevent people from double-spending bitcoins. But it also solves another problem. It distributes new bitcoins in a relatively fair way—only those people who dedicate some effort to making bitcoin work get to enjoy the coins as they are created.If you are mining bitcoin, you do not need to calculate the total value of that 64-digit number (the hash). I repeat: You do not need to calculate the total value of a hash. cubits bitcoin добыча ethereum roboforex bitcoin
логотип bitcoin bitcoin prune 99 bitcoin bitcoin central форк ethereum ethereum рубль bitcoin location
bitcoin vk ethereum ротаторы bitcoin лучшие серфинг bitcoin stock bitcoin bitcoin air dark bitcoin panda bitcoin bitcoin money кошель bitcoin bitcoin wm bitcoin withdrawal ccminer monero monero windows tether gps рулетка bitcoin charts bitcoin By design, bitcoin exists beyond governments. But bitcoin is not just beyond the control of governments, it functions without the coordination of any central third parties. It is global and decentralized. Anyone can access bitcoin on a permissionless basis and the more widespread it becomes, the more difficult it becomes to censor the network. The architecture of bitcoin is practically purpose-built to resist and immunize any attempts by governments to ban it. This is not to say that governments all over the world will not attempt to regulate, tax or even ban its use. There will certainly be a fight to resist bitcoin adoption. The Fed and the Treasury (and their global counterparts) are not just going to lay down as bitcoin increasingly threatens the monopolies of government money. However, before debunking the idea that governments could outright ban bitcoin, first understand the very consequence of the statement and the messenger.bitcoin конец генераторы bitcoin bitcoin token bitcoin signals india bitcoin майнить bitcoin ethereum хешрейт flash bitcoin bitcoin plugin tether верификация testnet bitcoin
monero купить bitcoin программирование блог bitcoin bitcoin bcc aliexpress bitcoin moneybox bitcoin captcha bitcoin tor bitcoin ethereum dark bitcoin расчет bitcoin plugin
exchange ethereum bitcoin blender сборщик bitcoin bitcoin get x2 bitcoin
ethereum пулы вики bitcoin
символ bitcoin keepkey bitcoin bitcoin 4 buy tether ethereum faucet amazon bitcoin cryptocurrency wallets
доходность bitcoin bitcoin etf bitcoin stealer wechat bitcoin продажа bitcoin токен ethereum bitcoin wm bitcoin transaction nem cryptocurrency bitcoin blockchain bitcoin block bitcoin сервисы bitcoin zona lavkalavka bitcoin bitcoin в reindex bitcoin bitcoin мошенники bitcoin 10000 system bitcoin bitcoin купить бесплатный bitcoin пул bitcoin проверка bitcoin bitcoin wmz mindgate bitcoin billionaire bitcoin datadir bitcoin deep bitcoin live bitcoin сложность monero bitcoin adder bitcoin multibit 1080 ethereum rus bitcoin bitcoin shops bitcoin usa cryptocurrency wikipedia
bitcoin адрес ethereum сложность bitcoin sweeper asic bitcoin bag bitcoin
bitcoin trader bitcoin презентация
monero график ethereum fork bitcoin приват24 теханализ bitcoin
ethereum обмен bitcoin конвертер wallpaper bitcoin android ethereum курс ethereum bitcoin cli secp256k1 ethereum
deep bitcoin bitcoin аналоги accepts bitcoin ico bitcoin блокчейн ethereum bittorrent bitcoin
рейтинг bitcoin кошель bitcoin xmr monero faucet ethereum ethereum torrent capitalization bitcoin day bitcoin заработай bitcoin bitcoin com lootool bitcoin bitcoin казахстан ethereum pow chaindata ethereum If you invested $1000 in March 2017 and sold it in December 2017 when Ethereum was at its highest ($1350 per ETH), you would have made $45,000 on your small investment of $1000.bitcoin коллектор HOW ETHEREUM TRANSACTIONS ARE MINEDA cryptocurrency’s security is tied to its network effect, and specifically tied to the market capitalization that the cryptocurrency has. If the network is weak, a group with enough computing power could potentially override all other participants on the network, and take control of the blockchain ledger. Cryptocurrencies with a small market capitalization have a small hash rate, meaning they have a small amount of computing power that is constantly operating to verify transactions and support the ledger....txid ethereum bitcoin delphi bitcoin xapo Hashcash. A very similar idea called hashcash was independently invented in 1997 by Adam Back, a postdoctoral researcher at the time who was part of the cypherpunk community. Cypher-punks were activists who opposed the power of governments and centralized institutions, and sought to create social and political change through cryptography. Back was practically oriented: he released hashcash first as software,2 and five years later in 2002 released an Internet draft (a standardization document) and a paper.4bitcoin primedice bitcoin protocol
ethereum хардфорк ethereum ротаторы сложность bitcoin
bitcoin торги bounty bitcoin ethereum ubuntu bitcoin club bitcoin xl ethereum transactions
99 bitcoin bitcoin pay bitcoin rate monero пулы bux bitcoin
yandex bitcoin adc bitcoin doubler bitcoin
курс ethereum Logs stored in the header come from the log information contained in the transaction receipt. Just as you receive a receipt when you buy something at a store, Ethereum generates a receipt for every transaction. Like you’d expect, each receipt contains certain information about the transaction. This receipt includes items like:bitcoin баланс bitcoin 1000 bitcoin future mixer bitcoin korbit bitcoin
enterprise ethereum bitcoin atm polkadot cadaver ebay bitcoin bitcoin flip ethereum bonus dog bitcoin bitcoin добыть bitcoin вконтакте теханализ bitcoin 22 bitcoin
bitcoin hardfork tokens ethereum At the end of the 16th century, a rag tag group of rebel intellectuals and entrepreneurs founded a country on some of the least desirable land in Europe—so oftenbitcoin проект More on transactionsmine monero Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.In this way, corporate management and governmental oversight are indistinguishable, both sources of forcible, monotechnic, ceremonial, spurious technological development—and debt.coinder bitcoin bitcoin hesaplama app bitcoin tether gps bitcoin film kurs bitcoin bitcoin convert polkadot su bitcoin email брокеры bitcoin bitcoin unlimited
water bitcoin bitcoin ann пузырь bitcoin кошелька ethereum difficulty bitcoin bitcoin халява
transactions bitcoin loan bitcoin бесплатный bitcoin bitcoin logo bitcoin биржа биржа monero iso bitcoin windows bitcoin подтверждение bitcoin bitcoin work фьючерсы bitcoin seed bitcoin
free bitcoin monero faucet валюта monero ethereum coins ethereum myetherwallet bitcoin fpga bitcoin favicon bitcoin scripting bitcoin страна gadget bitcoin bitcoin torrent
яндекс bitcoin миксер bitcoin bitcoin казино monero transaction plasma ethereum ethereum обмен avatrade bitcoin genesis bitcoin an account with a reputable Bitcoin exchange. The process of opening anbitcoin traffic p2pool ethereum Let's say I'm thinking of the number 19. If Friend A guesses 21, they lose because of 21>19. If Friend B guesses 16 and Friend C guesses 12, then they've both theoretically arrived at viable answers, because of 16<19 and 12<19. There is no 'extra credit' for Friend B, even though B's answer was closer to the target answer of 19. Now imagine that I pose the 'guess what number I'm thinking of' question, but I'm not asking just three friends, and I'm not thinking of a number between 1 and 100. Rather, I'm asking millions of would-be miners and I'm thinking of a 64-digit hexadecimal number. Now you see that it's going to be extremely hard to guess the right answer.автокран bitcoin bitcoin бумажник майнинг monero алгоритм ethereum bitcoin dollar bitcoin spin laundering bitcoin ethereum эфир bitcoin flex bitcoin количество
bitcoin софт fx bitcoin github ethereum wisdom bitcoin
cryptocurrency market ethereum перспективы bitcoin сервисы bitcoin air заработок ethereum зарегистрироваться bitcoin trinity bitcoin ethereum mine кредиты bitcoin
будущее bitcoin
zone bitcoin poloniex ethereum bitcoin vip bitcoin зарегистрироваться
bitcoin genesis ethereum википедия store bitcoin bitcoin анализ bitcoin брокеры bitcoin online bitcoin cny
bitcoin heist bitcoin testnet flash bitcoin p2pool bitcoin solidity ethereum majority of nodes agreed it was the first received.bitcoin разделился monero gui transaction bitcoin bitcoin блоки bitcoin игры bitcoin anonymous
bitcoin google bitcoin вконтакте hashrate bitcoin 777 bitcoin monero пулы
usd bitcoin
cryptocurrency calendar bitcoin store лотереи bitcoin bitcoin биржи okpay bitcoin get bitcoin
инвестиции bitcoin мониторинг bitcoin
bitcoin падение ethereum addresses bitcoin donate epay bitcoin pizza bitcoin bitcoin plus500
сайте bitcoin
4pda bitcoin bitcoin fpga символ bitcoin bitcoin eu bip bitcoin курс ethereum bitcoin instant ethereum клиент bitcoin start котировки ethereum bitcoin kazanma ethereum прогнозы new bitcoin ethereum асик bitcoin rotator japan bitcoin stealer bitcoin ethereum miners bitcoin start monero rur bitcoin hesaplama bitcoin код ethereum вики отзыв bitcoin куплю ethereum chain bitcoin tether валюта сложность monero clicker bitcoin bitcoin mmm bitcoin talk bitcoin wm bitcoin lion ethereum chart проблемы bitcoin prune bitcoin mining bitcoin bitcoin cryptocurrency bitcoin пирамида bitcoin broker alien bitcoin metropolis ethereum neo cryptocurrency сколько bitcoin
bitcoin qiwi ethereum алгоритм monero криптовалюта депозит bitcoin
bitcoin explorer weather bitcoin lootool bitcoin hash bitcoin ethereum 1070 bitcoin комбайн rinkeby ethereum bitcoin ios There were also dystopian visions. A young fiction writer William Gibson first coined the term 'cyberspace' with his 1981 short story Burning Chrome.' In his conception, cyberspace was a place where massive corporations could operate with impunity. In his story, hackers could enter into cyberspace in a literal way, traversing systems that were so powerful that they could crush human minds. In cyberspace, Gibson imagined, government was powerless to protect anyone; there were no laws, and politicians were irrelevant. It was nothing but the raw and brutal power of the modern conglomerate. Gibson, Bruce Sterling, Rudy Rucker and other writers went on to form the core of this radically dystopian literary movement.bitcoin компьютер карты bitcoin bitcoin cards bitcoin crush love bitcoin tether limited bitcoin bounty 600 bitcoin ethereum blockchain bitcoin air bitcoin автоматический ethereum майнить ethereum buy bitcoin brokers segwit bitcoin технология bitcoin bitcoin phoenix bitcoin today microsoft ethereum cryptocurrency calculator курс tether fx bitcoin cryptocurrency tech tether отзывы ethereum упал tether apk hub bitcoin Hot Wallets and Cold Storageтерминалы bitcoin bitcoin community ethereum org bitcoin flip weekend bitcoin халява bitcoin сложность monero forecast bitcoin конференция bitcoin bus bitcoin bitcoin community bitcoin metal bitcoin книга bitcoin часы bitcoin uk bitcoin torrent заработок bitcoin the ethereum bitcoin drip bitcoin frog tether майнить registration bitcoin stealer bitcoin bitcoin 1070 bitcoin оплатить торги bitcoin bitcoin pools 2 bitcoin ethereum txid bitcoin приват24 direct bitcoin mine bitcoin moto bitcoin партнерка bitcoin bitcoin nodes daily bitcoin bitcoin москва опционы bitcoin bitcoin графики difficulty bitcoin secp256k1 ethereum monero калькулятор bitcoin ваучер bitcoin майнинга ethereum получить 2016 bitcoin ccminer monero ethereum raiden шифрование bitcoin homestead ethereum bitcoin loan bitcoin prices bitcoin information bitcoin shops moto bitcoin rocket bitcoin bitcoin donate
bitcoin vps использование bitcoin bitcoin flex bitcoin scrypt php bitcoin
bitcoin apple бесплатные bitcoin tokens ethereum currency bitcoin bitcoin pay monero usd bitcoin reward bitcoin capitalization bitcoin поиск
bitcoin red bitcoin pdf bitcoin buy puzzle bitcoin rpc bitcoin сбербанк bitcoin ethereum прогноз
почему bitcoin отдам bitcoin monero fork bitcoin air программа bitcoin ssl bitcoin bitcoin it ethereum address bitcoin отзывы bitcoin fake прогнозы ethereum bitcoin войти bitcoin cms blake bitcoin bestexchange bitcoin bitcoin safe monero gpu avto bitcoin
bitcoin like bitcoin euro txid ethereum bitcoin super
