Advanced guide to cryptocurrency mining: Tips, Tricks and Tutorials for Mining Ethereum, Litecoin, Zcash, Dash, Ravencoin and other Cryptocurrencies by Army Time & Torres Jose

Author:Army, Time & Torres, Jose [Army, Time]
Language: eng
Format: epub
Published: 2021-07-15T16:00:00+00:00

One of the doubts about the pools is the distribution of mined cryptocurrencies, for which there are several payment methods, usually PPS (Pay Per Share), PPLNS (Pay Per Last N Shares) and FPPS (Full Day Per Share), DGM (Double Geometric Method), as well as other additional options.

Each payment option focuses on distributing profits equally, according to the mining power provided by each participant, although it is vital to note that the reward you can receive for mining nodes is made up of two parts, the first being the new cryptocurrencies that are issued when a new block is added to the chain.

On the other hand, there are the commissions that arise per transaction that correspond to the same block, but depending on the type of pool administrators, they can impose as a condition to keep the proceeds of the commissions and is responsible for distributing the new cryptocurrencies generated for the workers.

Pool administrators charge members a percentage of what they have mined, this is usually another way to maintain a fee for participation within the group, thus maintenance can be implemented for the pool, this is why mining in a pool is still a viable alternative.

To start in the world of mining, this is an option that is gaining strength, since you do not need to invest so much for the equipment, because mining on your own requires more power to be a profitable way, everything is relative or proportional to the total hashrate of the network, which demands a considerable investment margin.

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