What is Mining Pool?
Mining pool is a group of crypto miners, who combine computing resources over a network. Some examples of well-known and trusted miner pools are AntPool, ViaBTC, F2Pool etc
The advantage of crypto miners is joining mining pools, because the opportunity to break blocks to get crypto rewards will be even greater than just mining solo. Although the crypto rewards obtained will be distributed to all group members according to the agreement.
The following are the factors that must be considered before choosing a mining pool:
1. Check Compatibility of mining equipment
Before joining the miners must ensure the compatibility of the miner devices used in the mining pool is up to standard or not. Pay attention to the agreements provided by mining pools, because there are mining pools that require members to have a minimum speed to connect to the mining server.
2. Distribution of Tasks
Each mining pool has a different task distribution method, so before joining you must check how the task is divided according to the hash assigned by the mining pool server. Each member must be able to adapt otherwise they will be disqualified.
3. Payment Threshold
You need to avoid mining pools that have high threshold requirements for payments, because if the hardware you have is below standard it will greatly affect the reward.
4. Pool transparency
Each mining pool should be able to maintain the transparency and trust of its members, such as how members can find out the total hash that has been declared.
5. Pool Safety
Can mining pools withstand hacker/DDoS attacks, because hacker attacks will have a negative impact on players?
Mining pool is a group of crypto miners, who combine computing resources over a network. Some examples of well-known and trusted miner pools are AntPool, ViaBTC, F2Pool etc
The advantage of crypto miners is joining mining pools, because the opportunity to break blocks to get crypto rewards will be even greater than just mining solo. Although the crypto rewards obtained will be distributed to all group members according to the agreement.
The following are the factors that must be considered before choosing a mining pool:
1. Check Compatibility of mining equipment
Before joining the miners must ensure the compatibility of the miner devices used in the mining pool is up to standard or not. Pay attention to the agreements provided by mining pools, because there are mining pools that require members to have a minimum speed to connect to the mining server.
2. Distribution of Tasks
Each mining pool has a different task distribution method, so before joining you must check how the task is divided according to the hash assigned by the mining pool server. Each member must be able to adapt otherwise they will be disqualified.
3. Payment Threshold
You need to avoid mining pools that have high threshold requirements for payments, because if the hardware you have is below standard it will greatly affect the reward.
4. Pool transparency
Each mining pool should be able to maintain the transparency and trust of its members, such as how members can find out the total hash that has been declared.
5. Pool Safety
Can mining pools withstand hacker/DDoS attacks, because hacker attacks will have a negative impact on players?
