All about mining pool...

[Tienda]

The Mining Pool means according to some of the explanation I found on the internet, a mining pool is the source formed by a group or by many cryptocurrency miners who participated with their computer to extract or finding a block.
But there are more things we should to know about the mining pool, so I'm asking your participation to resolve these questions:
How it works?
What are the methods?
What is the benefit?
And are there the disadvantages using mining pool?…​

 

[WhiteHouse]

Because of the expanding number of miners everywhere on the world, the bitcoin mining risk level is at present so high that it is practically unthinkable for the independent miner to make benefit. Not simply that, solo mining devours a ton of time and eventually, all the work goes in vain. In this way, rather than spending extended periods adhering to the PC screen and bobbling through the console, it is smarter to join a pool of miners where all the miners are working for comparable goals subsequently isolating the work to separate the intricacy.

Joining a pool can be much more valuable for the learners as it furnishes them a stage to work with the experts and allows them to upgrade their aptitudes throughout a brief timeframe.

 

[Patrik]

i found about it since days ago, i somehow feel like it's a home for me xD, especially that i'm trying to understand the concept of cloud mining and get into it as soon as possible, i came across some platforms that are worth trying, i will make sure to post about it here

 

[mahdi304]

i found about it since days ago, i somehow feel like it's a home for me xD, especially that i'm trying to understand the concept of cloud mining and get into it as soon as possible, i came across some platforms that are worth trying, i will make sure to post about it here

I'm saying this because you said your new to these subjects, most cloud mining sites are hyips(in short scam), now this isn't true about all of them, so make sure you do your research properly, and thoroughly, but most of them as i said are hyip sites that are likely to pay you for some time before running away with the rest of your money, i don't want to scare you, i just want you to keep that in mind.

in general though investing in cloud mining isn't a very good idea and it's best to just either buy the coin yourself right then and there, or mine the coin by buying the hardware yourself.

 

[Niftyyem]

Mining pools in the real sense of the word is like sharing costs and profits in mining a coin. As good as the concept really is, there are too many scams fronting as such in recent times. If you are able to find a legit platform, then, it's cool.

 

[Sincerem]

As they always said, mining Cryptocurrency is hard, earning it is hard. You must put in hardware to mine considerable amount of Cryptocurrency. Mining pool is profitable when you join group of miners to form a mining block. By providing mining equipments to facilitate mining processes.

 

[Mawome]

For me mining crypto currency is very simple. if you say that it requires time, and energy I will agree with you, but if you say it's hard, I desagree with you, because there is no shot cut to heaven, meaning that nothing good comes so easy, remember! easy come, easy go.

 

[Suba]

How mining pools work The miners will be managed by the coordinator, and make sure the miners use a different nonce value, so that the miners can use hash power and create the same block. What are the methods? 3 payment methods that are often used by mining pools to pay for miners are PPS, PROP, and PPLNS (Pay Per Last N Shares) What is the benefit? The chances of breaking blocks and getting rewards will be greater, whereas disadvantages using mining pool are the rewards will be shared between all group members.

 

[frederick_9]

In the truest sense, mining pools are similar to coin-mining operations where costs and earnings are split. Even while the idea is sound, lately there have been much too many frauds that pose as such. If you can locate a reliable platform, that's great.

 

[Good-Person]

As they always said, mining Cryptocurrency is hard, earning it is hard. You must put in hardware to mine considerable amount of Cryptocurrency. Mining pool is profitable when you join group of miners to form a mining block. By providing mining equipments to facilitate mining processes.

I remember joining a mining pool a really long time ago. At that time i was experimenting with such kind of things and trying my best to mine coins. However, your hardware plays a big role, even when you mine in pools.

 

[Sincerem]

I remember joining a mining pool a really long time ago. At that time i was experimenting with such kind of things and trying my best to mine coins. However, your hardware plays a big role, even when you mine in pools.

But according to information mining of cryptocurrency cannot be done with a laptop or a mobile phone. What type of computing device are you talking about ?

 

[Bigron]

The Mining Pool means according to some of the explanation I found on the internet, a mining pool is the source formed by a group or by many cryptocurrency miners who participated with their computer to extract or finding a block.
But there are more things we should to know about the mining pool, so I'm asking your participation to resolve these questions:
How it works?
What are the methods?
What is the benefit?
And are there the disadvantages using mining pool?…​

Mining pool is formed when you join group of cryptocurrency miners to form a mining block through the provision of mining tools and materials to enable the process to start. Usually, at the end, all the members of the group share the coins among themselves

 

[Nomad]

If you want to mine without spending money on hardware, you can try mining pool. However, I have no experience. You can try this but need to do a lot of research on whethere the mining pool is legit or not.