The Definitive Guide to Alt Coin Trading

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It's the oldest currently active mining pool and has an excellent reputation for stability and accuracy. Currently Slush Pool is the fourth biggest mining pool representing around 11.4% of hash power overall.The sign-up process is extremely simple and you can create a presentation miner in order to get familiar with the dashboard.

 

 

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This section on mining benefits is especially helpful as it contains a thorough explanation of how pay-outs are quantified by every user's scoring hash rate. Should you switch from Slush Pool into another, then try to return, your score will drop significantly.Pool fees stand at 2% which is a little higher than some of the other pools out there.

 

 

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It's owned and run by Bitmain, a China-based company which also manufactures the Antminer series of ASIC mining devices (you can have a look at our guide to the very best ASIC devices here).AntPool has servers all around the globe and makes use of an innovative peer-to-peer mining protocol to link your device to the one nearest to you during setup, for a faster and more dependable connection.Once you have setup 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), assuming the amount you've mined is at least 0.001 BTC.Being the greatest pool permits users any perks in that they can choose how they want to be rewarded.

 

 

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You can even choose PPLNS (Payment Per Last N Stocks ) that is free but AntPool will continue to keep all transaction fees. Currently, there is a new feature - from June 18th to September 18th there is no pool fee.You can mine solo if you wish but it's very unlikely you'll earn a profit doing this unless you've got a colossal amount of hash electricity.

Prior to starting a mining pool in 2016, BTC.com was famous for creating a strong Bitcoin wallet in addition to its own blockchain explorer.BTC.com operates one of the most popular mining pools, vying with AntPool for the best spot. It currently represents over 20 percent of overall global hash power.

BTC.com currently supports mining only Bitcoin and Bitcoin Cash.Ever innovative, BTC.com has its own process of rewarding miners known as FPPS (Full pay-per Share). FPPS computes a standard transaction fee within a given period,adds it to the block payoff (currently 12.5 BTC) and then distributes 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 helpful, there's no specific getting started manual like Slush Pool. We were nevertheless able to find all of the information needed to configure a miner. Windows users can also add and configure miners easily 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 been around since 2014.

 

 

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However, users that 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 the network difficulty, 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, although payment may take some recommended you read 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 process requires phoneF2Pool (also known as DiscusFish) is a Chinese-based mining pool and has been operating since 2013.

Its also one of the very varied pools in that while you can mine BTC, F2Pool also 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) foundation of negative 3 percent. The pool keeps all transaction fees.

Also, there is no charge for mining BTM, ZEN and XDAG and this will last until the end of August.The site is also currently offering a little extra incentive to miners. If you mine 1 LTC, you will get 1000 DOGE free.The website itself is nicely laid out and contains helpful information, but non-Chinese users who need support are encouraged to use the official F2Pool English language ribbon in the BitcoinTalk forums.The sign-up process for your swimming can be a bit tricky as you need to complete a Captcha and also verify your identity via text message, meaning you should have access to a cellular phone to start mining. .

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