What is a bitcoin pool?

Bitcoin pools allow users to get started mining with any amount of mining power. The process of joining a Bitcoin mining pool involves programming mining software to direct its efforts to a particular pool, which can be done in a few simple steps: 1. Choose which pool you want to join.

Should I join a Bitcoin or Altcoin mining pool?

If you are deciding to join a Bitcoin or altcoin mining pool there are quite a few considerations to take into account – mainly their method of distributing the block reward and the fees they charge for managing the pool. Pools also try to stop cheating by miners – i.e. for them to swap between pools. l.

What are the different bitcoin mining pool payment methods?

Bitcoin Mining Pool Payment Methods. Calculating your share of the bitcoins mined can be complex. In an ongoing effort to come up with the fairest method and prevent gaming of the system, many calculation schemes have been invented. The two most popular types are PPS and DGM.

Can I mine bitcoin on the cloud?

Mine Bitcoin easily on the cloud without having to buy hardware, or plug your own hardware into the world’s highest paying mining pool. We offer BTC and BCH mining. You can also choose to automatically mine the most profitable coin. Start mining immediately with our cloud mining contracts! 100% guaranteed uptime.