for, its time to get started. The most basic version of dividing payments this way is the pay per share (PPS) model. The other factor to consider is how much the pool will deduct from your mining payments. Going solo means you wont have to share the reward, but your odds of getting a reward are significantly decreased. AllPools'solo_btcz'.luck ' : '-' 0? Connect to the mining pool and start finding BTC blocks with accelerated hashing power of hundreds of other asic miners. There are many schemes by which pools can divide payments.
They also indicate how much processing power they are contributing to the pool the better the hardware, the more shares are generated. Variations on this puts limits on the rate paid per share; for example, equalised shared maximum pay per share (esmpps or shared maximum pay per share (smpps). Unless, of course, you happen to have a garage full of asics sitting in Arctic conditions. AllPools'solo_btg'.luck ' : '-' 0? If youre not sure which currency to mine, there is a pool called Multipool which will automatically switch your mining hardware between the most profitable altcoin. If a miner returns a block which scores a difficulty level between the pools difficulty level and the currencys difficulty level, the block is recorded as a share. There are a multitude of reasons both for and against mining pools.