Is registration necessary to start mining?
No, registration is not required. Simply configure your miner according to our guidelines and start mining. Your first submitted share will automatically register you with our pool. Good luck!
Why does my reported hashrate differ from what my miner shows, or why is it zero?
The pool and miner hashrates are recalculated every ten minutes, so it can take up to ten minutes for your hashrate to update based on your first valid share submission. The pool's displayed hashrate is an approximation based on your submitted shares and may significantly differ from your miner's hashrate. Always consider the value displayed by your miner as the correct one.
How do I receive payments?
Our pools use the PPLNSBF (Pay Per Last N Shares + Block Finder REward) payment system. PPLNS (Pay Per Last N Shares) is generally better for loyal miners compared to proportional (PROP) mining because it rewards miners based on their contributions over a longer period, discouraging pool hopping.
In PROP mining, rewards are distributed based on shares contributed within a single round. Pool hoppers with more hashrate can exploit this by joining only when the chances of finding a block are high, quickly submitting shares, and then leaving once the probability decreases. This results in loyal miners receiving a smaller share of the reward, as the pool hoppers disproportionately benefit from the short period they contributed.
PPLNS, on the other hand, considers the last N shares across multiple rounds, making it harder for pool hoppers to take advantage of the system, regardless of their hashrate. This results in a fairer reward distribution for loyal miners who consistently contribute shares to the pool.
This number N changes only with the difficulty:
- N = 100 shares (constant for reward calculations)
- Block reward = 50 coins
|Miner A Shares
|Miner A Reward
|20/200 * 50
|20/100 * 50
|20/200 * 50
|30/100 * 50
|10/100 * 50
|Total reward for Miner A
In this example, Miner A earned 40 coins for their contributions to the pool using the PPLNS system. This method favors constant and loyal miners over pool hoppers, ensuring a fair reward distribution.In the PPLNS system, the payout for a miner depends on the proportion of their shares in the last N shares of a block. In our example, N is set to 100 shares for simplicity. When a block has fewer shares, like blocks 2 and 4, Miner A's contribution makes up a larger percentage of the total shares. This results in a higher payout for those blocks. On the other hand, blocks 1, 3, and 5 have more shares, making Miner A's contribution a smaller percentage of the total shares. Therefore, the payout for these blocks is smaller. The PPLNS system is designed to reward constant and loyal miners, so even though the payouts may vary between blocks, miners who consistently contribute shares will receive a fair distribution of rewards over time.
Why do I have to wait for payments?
Waiting for payments in crypto mining is influenced by the concept of block maturity and confirmations. Here's how it works:
How do PPLNSBF pools work?
PPLNSBF pool works exactly the same as PPLNS pool with one notable exception:
When can I expect payment?
You'll see a balance in your account after the pool finds a block and it reaches a mature status, which may take a few hours depending on the coin. Your shares will be used to calculate your contribution and determine your share of the block reward. If your balance meets 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. Check the 'Pool Stats' area for each pool's minimum payout.
How does mining in a small pool compare to a large pool?
In the long run, your rewards will average out whether you mine in a large or small pool. Large pools find blocks faster but provide smaller rewards, while small pools find blocks slower but offer larger rewards.
The key factors to consider when choosing a pool are trustworthiness, reliability, support, and low latency. By avoiding the largest pools, you contribute to the network's health by distributing hash power.
What is solo mining?
In solo mining, all miners compete for the current block, and the miner who submits the share with a difficulty representing the block receives the entire block reward, minus a small pool fee.
How does Finder Reward work on PPLNS pools?
Finder Rewards on PPLNSBF pools are designed to incentivize miners based on the number of participants. Here's how it operates:
Please note that Finder Rewards are exclusive to our PPLNSBF (Pay-Per-Last-N-Shares) pools. This system ensures that miners are rewarded based on their contributions, with bonuses added to their rewards for multiple participants in the pool.
How can I use promotion codes when mining?
To use promotion codes when mining, you can add them to your mining command. Here's how:
Adding the promotion code in this way ensures that you receive any associated benefits or rewards. Happy mining!
How do I set static difficulty when mining?
You can set static difficulty by including it in your mining password. For example, if you want to set the static difficulty to 500,000 (assuming this is supported by your mining software and pool), you can use the following format:
-p flag is commonly used to specify the password in mining software. By adding
d=500000 to the password, you are indicating a static difficulty of 500,000. Please note that the exact syntax may vary depending on your mining software, so be sure to check your software's documentation for specific instructions.
What is mining difficulty in cryptocurrency mining?
Mining difficulty is a crucial concept in cryptocurrency mining. It represents the level of complexity or hardness of solving a cryptographic puzzle required to add a new block of transactions to the blockchain. Here are some key points to understand:
Understanding mining difficulty is essential for miners and helps maintain the security and stability of blockchain networks.
You keep talking about performance and reliability. What makes you think you are special?
Unlike many other mining pools running on shared VM's from the cheapest provider which often suffer from "bad neighbor" induced latency and performance drops, our pools run on dedicated hardware which are connected to the Internet using multiple high-bandwidth peerings guaranteeing low latency and stability All our servers has at least 1Gbps network. All use marketleading DDOS protecting.
How long is user account balance information retained?
User account balances are securely stored for a period of at least 3 months from the date of the last recorded activity.
What is the retention period for other user data?
All other user data, excluding account balances, shares and certain statistics, is maintained for a duration of 3 months from the last recorded activity. We prioritize data privacy and efficient management while ensuring transparency in our data retention practices. Shares are retained for the period required to complete payments based on them.