Do I need to register an account to mine?
Registration is not required. Just configure your miner
according to our instructions and start mining. Your
first submitted share will automatically register you
with our pool. Good Luck!
Why is my reported hashrate zero or different from what
my miner reports?
Pool and miner hashrates are re-calculated every ten
minutes. Therefore it can take a maximum of ten minutes
for your hashrate to update depending on the submission
time of your first valid share. The hashrate we display
at the pool is a rough approximation of your hashrate
based on your submitted shares and can therefore differ
significantly from the hashrate displayed locally. When
in doubt always consider the value displayed by your
miner as the correct one.
How will I get paid?
Solo mining, PPLNS (Pay Per Last N Shares), and Prop (Proportional) mining
are three different approaches to distributing rewards in cryptocurrency
mining pools. Each method has its own characteristics, impacting how miners
receive payouts.
Solo Mining: In solo mining, an individual
miner works alone to find and solve a block in the blockchain. If the miner
successfully mines a block, they receive the entire reward for that block,
which includes the block subsidy and transaction fees. Solo mining can be
profitable for miners with substantial hash power, but it involves a high
level of uncertainty and may result in infrequent payouts.
PPLNS (Pay Per Last N Shares): PPLNS is a
reward distribution method in mining pools that takes into account the last
N shares contributed by all miners before a block is found. Miners are
rewarded based on the proportion of valid shares they contributed during
this specific window. PPLNS is designed to discourage pool hopping, as it
rewards miners who consistently contribute to the pool over time.
Prop (Proportional) Mining: In proportional
mining, miners are paid based on the number of valid shares they contribute
to the pool's total hash rate. When a block is found, the reward is
distributed among miners according to their contributed shares. This method
provides a more predictable and linear payout structure, making it suitable
for miners who prefer a steady income stream.
In summary, solo mining offers the potential for larger rewards but is
unpredictable and may result in periods without payouts. PPLNS rewards
consistent contributors, while proportional mining provides a steady and
predictable payout based on the proportion of contributed shares. Miners
choose their preferred method based on their risk tolerance, hash power, and
preference for regular or potentially larger, but less frequent, payouts.
When will I get paid?
You won't see any balance in your account until a block
has been found by the pool and after the block has
reached a mature status. This may take a couple hours,
depending on the coin. As soon as a block can be
considered 'mature' by the pool, your shares will be
used to calculate your contribution towards finding the
block. The more you've contributed, the higher your cut
of the block reward will be. Your cut of the block
reward will then be credited to your pending balance. If
your balance reaches or exceeds the pool's minimum
payout amount, the pool will transfer your
entire balance to your wallet and
reset your pending balance to zero. The minimum
payout for each pool is listed in its 'Pool Stats' area.
We are a small pool for the time being, and as such it
may take some time to find a block. On larger pools you
would see some balance earlier because they will find
blocks faster, but you will get a smaller share of the
reward than what you would in a smaller pool. Over time
you will earn more or less the same amount when mining
on a large pool or on a small one.
In other words, the rewards you get on average are
exactly proportional to your part in the total work done
by the pool. If you mine in a pool
twice as large, the pool will collect
twice as much rewards but your share in them will be
cut by half, meaning you get the same
on average.
Trustworthiness, reliability, support and low latency
are the things you should consider when choosing a pool.
By avoiding the largest pools you contribute to the
network health by spreading the hash power.