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Help Center

The choice of mining pool?

A "mining pool" is a place where part of the computing power of digital currencies is combined and then shared by common mining.

Since the computing level of the entire Bitcoin network continues to rise exponentially, a single device or a small amount of computing power cannot obtain the block rewards provided by the Bitcoin network on the Bitcoin network. After the computing power of the entire network has increased to a certain level, the probability of obtaining rewards is too low, prompting some geeks on "bitcointalk" to develop a method that can combine a small amount of computing power for joint operation. Websites built using this method It is called "Mining Pool".

In this mechanism, regardless of the amount of computing power available to individual miners, as long as they participate in mining activities by joining the mining pool, regardless of whether they have successfully mined valid data blocks, they can obtain a small amount by contributing to the mining pool. Bitcoin rewards, that is, multi-person cooperative mining, and the Bitcoin rewards obtained are also shared by multiple people according to their contribution.

As of February 2020, the top five bitcoin mining pools with global computing power are:

 Poolin, Fish Pool, BTC.com, AntPool, VIABTC.

distribution mode

There are three main allocation methods of mining pools: "PPLNS, PPS, PROP".

PPLNS mode: (the purest team mining) the full name is Pay Per Last N Shares, which means "pay the income according to the past N shares", which means that once all miners find a block, everyone will The currency in the block is allocated according to the proportion of the number of shares contributed by each person. In the PPLNS mode, luck is very important. If the mining pool can find many blocks a day, then everyone's dividend time will be very fast. If the mining pool can't find a block in one day, then everyone will have no income that day. , the benefits will not be distributed until the blocks you participate in are fully mined. At the same time, due to the lag inertia of PPLNS, your mining income will be delayed to a certain extent. For example, if you join a new PPLNS mining pool, you will find that the income in the first few hours is relatively low. That's because others have already contributed a lot of shares in this mining pool. You are a newcomer and your contribution is very small, so your income is relatively low when you distribute dividends. As time goes on, what should be settled is settled, and when everyone starts a new round of calculations, you are back on the same level as everyone else. In the same way, if you leave the PPLNS mining pool and stop mining, the shares you contributed are still there, and you will still receive dividends for a period of time after that, until your shares are settled.

PPS mode: Pay-Per-Share method---this method is to pay for each share immediately. The payout comes from the pool's existing bitcoin funds, so it can be withdrawn immediately without waiting for blocks to be generated or confirmed. This prevents mining pool operators from manipulating behind the scenes. This approach reduces the risk to the miners but transfers the risk to the operators of the mining pools. Operators can charge fees to cover the losses that these risks may cause. In order to solve the situation of PPLNS that sometimes has high profits and sometimes no profits, PPS adopts a new algorithm. Based on the proportion of your computing power in the mining pool, PPS estimates the amount of minerals that the mining pool can obtain every day, giving you a basic fixed income every day.

PROP mode: The generation of Bitcoin blocks is: after the mining pool finds the block, it is broadcast to the whole network, and after 120 confirmations, the block will be generated. The PPS model is: every time a miner contributes a bit of speed, the mining pool will pay the miner the corresponding bitcoin, and the coins of the mining pool must come from the real block, but before the real block is generated, the mining pool will pay the miner in advance. miners. The PROP mode is: after the mining pool generates a real block after 120 confirmations, it will distribute the bitcoins to the miners according to the contribution of each miner. This mode is more in line with the generation of bitcoin blocks. In PROP mode, even if a real block is not generated temporarily, a real block will be generated in the future, and it will be distributed to each miner according to the contribution of mining this block. Miners mine at least for months, or even years, so in the long run, the number of coins mined in these two modes is the same.

BTC
Shut Down
Issue amount 21000000
24 hours volume 2.60M
24 hours turnover $ 42.90B
Market Direction Long
Panic Index 55 (Greed)
Swap Rate 9.59%
Market Value Proportion 38.28%
market value $ 2,469.79 x 100 million
24 hour increase -1.23%
Computing power 311.90 EH/s
daily output 0.00000334 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
LTC
Shut Down
Issue amount 84000000
24 hours volume 25.12M
24 hours turnover $ 1.75B
Market Direction Short
Swap Rate 35.10%
Market Value Proportion 0.46%
market value $ 39.66 x 100 million
24 hour increase -3.64%
Computing power 747.64 TH/s
daily output 0.00001069 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
BCH
Shut Down
Issue amount 21000000
24 hours volume 2.62M
24 hours turnover $ 308.54M
Market Direction Short
Swap Rate 13.63%
Market Value Proportion 0.21%
market value $ 14.22 x 100 million
24 hour increase -4.04%
Computing power 1.97 EH/s
daily output 0.00058155 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
Shut Down
Issue amount 2000000000
24 hours volume 102.82M
24 hours turnover $ 593.34M
Market Direction Short
Swap Rate 32.50%
Market Value Proportion 0.17%
market value $ 11.54 x 100 million
24 hour increase -5.10%
Computing power 18.81EiB
daily output 0.01344531 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
Shut Down
Issue amount 21410000
24 hours volume 81.28K
24 hours turnover $ 2.62M
Market Direction Short
Swap Rate 0.00%
Market Value Proportion 0.00%
market value $ 4.85 x 100 million
24 hour increase -2.08%
Computing power 14912.60839843 PiB
daily output 0.00034521 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
Shut Down
Issue amount 210700000
24 hours volume 31.82M
24 hours turnover $ 799.17M
Market Direction Short
Swap Rate 23.14%
Market Value Proportion 0.33%
market value $ 23.43 x 100 million
24 hour increase -2.32%
Computing power 126.24 TH/s
daily output 0.00012589 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
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