December 2019
Beginner
368 pages
9h 46m
English
Content preview from Cryptocurrency Mining For Dummies
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Chapter 7
Mining Made Simple: Finding and Preparing a Pool Account
IN THIS CHAPTER
Understanding cryptocurrency mining pools
Selecting the cryptocurrency pool that is right for you
Preparing a pool account
Explaining common reward systems used by mining pools
Testing cryptocurrency hash market places
Learning how to set up a pool account
For most small-scale miners, seeking consistent and predictable cryptocurrency mining rewards in today’s incredibly competitive cryptocurrency mining industry, the best route to secure steady rewards from mining is to utilize a mining pool service for your mining equipment’s hashing power. Unless you’re wielding an immense amount of hash power — a considerable portion of the estimated network hash rate (anything nearing a single percentage in this case would be considerable) — then solo mining is a very risky venture and should probably be avoided ...
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