How do miners choose mine pools?

Speaking of Bitcoin mining, you have to talk about the mining pool in Bitcoin mining. The distribution pattern of the mining pool is complicated and numerous. Many miners are often heard to have doubts about the selection of the mining pool. The pool lacks detailed guidance. Today, the RHY mine will provide some advice for miners in the selection of the pool.

A common mistake for many novice miners is that they often change the mink and wool in a mining pond. This method wastes a lot of time, and the losses in the middle are often greater than the short-term gains of the activities. Miners should value the conditions of multiple aspects of a mine. Let's analyze it:

Mainstream pool income distribution system

At present, the distribution methods of the mining pool mainly include: PPS, PPS+, FPPS, PPLNS and SOLO mode. The rate of collection is different, and the rate charged by the pool is different.

PPS (Pay-Per-Share)

The income is stable, as long as the mining machine works normally, the income comes from the existing bitcoin funds in the mining pool, so it can be cashed immediately, without waiting for the block to be completed or confirmed, and the mining pool lucky value, transaction fee and other external factors. Nothing.

Advantages: Reduce the risk of miners trading Bitcoin, the risk is borne by the mine operator.

Novices can try PPS, although the revenue is low, but it is stable every day.

PPS+ (Pay Per Share Plus)

The settlement method is the PLUS version of the traditional PPS settlement method, which increases the distribution of miners' fees on the original basis.

FPPS: Full PPS (Full PPS), which allocates both block rewards and network transaction fees to miners. The mine pool collects a small portion as a service fee. Currently, the FPPS service fee is basically 4%. Compared with the traditional PPS settlement mode (no transaction fee), it can increase the profit by 10%-20%.

PPLNS (Pay Per Last N Shares)

The literal meaning is “paying the proceeds according to the past N shares”. When the mine finds a valid block, it will be allocated according to the proportion of the user's computing power in the past N difficulty cycles. It should be noted that if you mine in the mine, but leave during the period, just participate in mining after N shares or N hours and no blocks are found, then the income before N is invalid.

Advantages: 1 Long-term average income is higher 2 rates are low.

Disadvantages: Miners' income is related to the mining of the mine, and the income of miners is unstable.

SOLO mining

That is, single-handedly bravely licking the sea. Calculate the block yourself, collide with the HASH value, and collide, then the block rewards are all owned by you personally. The SOLO model is currently a relatively large user choice. For ordinary users, it is too difficult for the wife.

Mainstream pool comparison

1F2pool (fish pond)

China's earliest bitcoin mining pool, supporting more than 30 kinds of digital currency mining services, paying revenue at 8:00 every day, can lock the receiving address.

2Antpool

It is owned by Bitland and has the function of AntMonitor mining machine monitoring system. The minimum payment unit is 0.001BTC.

3pool.btc.com

At present, the whole network ranks first in computing power, providing European mining areas, BTC mining pool batch tools, and BTC intelligent agent functions.

4 coins printed poolin

The LTC rate is half price, and the total number of PINs issued by the mine pool is 2.1 billion. In addition to participation in decision-making, election supervision and other rights, users with a certain amount of currency can enjoy additional privileges, such as rate concessions, exclusive customer service, Multiply PIN, use fees, etc.

5ViaBTC

Original PPS+, integrated PPS and PPLNS, providing multi-currency wallet services.

How to choose the right mine?

[Ensure that you can connect to the mine pool]

Some networks (companies) may block port 3333.

[Select a mining pool with high computing power]

If you choose a mining pool with high calculation capacity, the calculation power will be guaranteed and the income will be guaranteed. It is generally recommended to choose PPS or PPLNS for large mining pools.

[Network loss minimum priority]

At present, the income of the major mining pools is basically the same. After confirming the mining pool, try not to make changes. The process of returning the data from the mining machine to the service and other data on the network will be affected by geographical location, local network speed, mine pool server, etc. The influence of the factors, the ability of the miners suggested to build their own P2pool pool.

Final focus: choose 1-2 spare pools

For the occasional need (possible mine disaster).

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