Crypto Currency Mining Pools, Profitable,  5 Best Method

It is a group of cryptocurrency miners who combine their computational resources over a network in order to increase their probability of finding a block and mining successfully for cryptocurrencies through the use of a mining pool

Individually, each member of a mining pool contributes his or her processing power to the effort to find a block as part of the mining process. Typically, the pool will receive a reward if the efforts are successful, usually in the form of the cryptocurrency that is associated with the pool.

How a Mining Pool Works

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Cryptocurrency miners have the option of going solo with their own dedicated devices, or of joining a mining pool where multiple miners and their devices complement each other’s hashing output. Adding six mining devices each offering 335 megahashes per second (MH/s) can generate a cumulative 2 gigahashes of mining power, resulting in faster hash function processing.

– AntPool. – ViaBTC. – BTC.com. – Poolin. – Genesis Mining. – Bitfury. – Binance Pool. – KanoPool.

List of the Best Bitcoin Mining Pools 

Method 1 – Pay-per-Share – PPS allows miners to earn an instant, guaranteed payout when they contribute to the probability that a block is discovered by the pool. Method 2 Proportional – Once the mining round is over, miners earn shares. The value of each share is only calculated at the end of each round, so all shares are equal.

5 Best Methods of Crypto Mining Pool

Method 3 – Solo Mining Pool – Solo pools work the same as usual pools except block rewards aren’t distributed to all miners. In a solo pool, the miner who finds the block receives the entire reward.

Method 4 – Pay-per-last-N-shares – It works similarly to Proportional, but instead of calculating the reward based on all shares in the last round, it calculates it based on N last shares. It means that when a block is found, each miner’s reward is calculated based on his or her contribution to the last N pool shares. As a result, if the round is short enough, all miners get more profit.

Method 5 – Pooled mining – The pooled mining system, called “slush’s system” after it was originally used on a pool called “slush’s pool”, gives less weight to older shares from the beginning of a block round than to more recent shares.

Method 6 – Peer-to-Peer Mining Pool – Peer-to-peer mining pools (P2Pools) decentralize the responsibility of pool servers, removing the risk of cheating by pool operators and single points of failure. Share chains allow miners to mine at a lower difficulty at a rate of one block every 30 seconds on a side blockchain.

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