how to join a btc mining poolfree bitcoin mining pool_btc mining pool url

发布:2021-10-14浏览:11 次

How do I join a Bitcoin mining pool? By joining a pool, miners combine their computing power and receive a split of the block reward equally based on the hashrate they contribute to the pool. Before going too deep into how you can join a Bitcoin mining pool, let’s take a brief look at why you need to join a pool in order to profit from Bitcoin mining. One of the biggest questions surrounding the centralization of the bitcoin network is the reliance on pools for governance and the distribution of mining rewards. Developments like Stratum V2 may eventually address the governance issue, but with the global network hashrate above 100 EH/s, it would still be almost impossible to run a mining operation without using a pool due to the odds of mining a block on your own. A single Whatsminer M20S ASIC will find a block on its own about once every 16 years. Even though it would be an excellent pay-day for the individual owner, this means solo-mining is prohibitive to anyone other than the most hardcore bitcoiner. Although solo-miners can estimate revenue, actual revenue differs due to statistical variance. Large farms with a sizeable proportion of network hashrate can’t always mine as many blocks as they project. The second issue is that not only is it statistically unlikely you will succeed with solo mining, it’s also almost impossible to project your revenue if you don’t have the kind of regular payout you are guaranteed from a PPS+ or FPPS pool. Mining difficulty adjusts roughly every two weeks, depending on how many blocks are mined in that 2016; which is a direct factor of how much hashrate joins or leaves the network. This makes it difficult even for mining operators connected to a mining pool to project long-term future revenue from mining. The goalposts are always moving which means there isn’t any statistical certainty for a solo miner to rely on. Even a single Whatsminer M20S would only find one block every 16 years if no other factors changed, but the BTC price and hashrate fluctuate on a daily basis. If that single machine finds a block early in the 16 year window it will be a lot more valuable than finding a block in a few years’ time. Mining with a PPS+ pool guarantees daily returns based on the hashrate that you contribute to the pool. In 2020, every serious miner, therefore relies on a mining pool to even out their returns and remove any elements of luck. Now that pools are necessary to mine Bitcoin successfully, it’s important to consider what framework you should use in order to pick the right one for your mining operation. There are a few factors that we believe are important for picking the right pool. Bitcoin is a relatively young technology. The space has seen a lot of projects come and go in the past decade. Many of the projects that have disappeared were either deeply flawed or outright scams. The age of a company is a positive indicator that they have provided a consistently reliable service to the community, and longevity is a good indication that they will remain reliable in the future. f2pool is the second oldest mining pool, and has been helping secure the bitcoin network since 2013. Another way to compare mining pools is to reflect on the reputation of the founders and the company itself. There have been several key issues in Bitcoin’s first decade where mining pools have had to decide what to support. Most notably the Segwit 2x saga of 2017, which led to the creation of Bitcoin Cash, and Chun Wang, one of the co-founders of f2pool was very vocal at the time. History suggests that f2pool came down on the right side of the debate. The technical skills and experience of the team at each pool is extremely important. On a basic level, a mining pool needs to maintain extremely high uptime in order to stay connected with each mining machine. However, there are other technical factors that impact the chances of the pool, and the miners themselves finding blocks more quickly than others. and optimizing job allocation. The decentralized nature of the Bitcoin network means that there are mining machines operating in multiple countries and jurisdictions. This means that server locations are crucial to submitting blocks in a timely manner. f2pool has servers in Asia, North America, Europe and Russia. This means that miners are able to connect to their local servers, which levels the playing field and reduces the rejection rate that can occur if there is too much lag between the machine and the pool server. Mining is a margins game. Every percentage point counts if you want to minimize your risk and maximize your returns. Mining pools charge a fee as a percentage of the Bitcoin earned by each miner. These fees can be as high as 4%, while f2pool charges 2.5% to its customers. It’s also worth considering the payout method of your pool. f2pool is a PPS+ pool which means you will receive the same reward in exchange for your hashrate, regardless of how lucky the pool is itself. You can learn a bit more about the different payout methods in our Mining Pools 101 article. If you want to join f2pool then follow these instructions to connect your machines: ✅ Can be efficiently mined with SHA-256 ASIC mining machines View our Miners page to discover the most profitable ASIC machines for BTC. Your miner must be connected to one of the f2pool pool servers listed below, and you must use a mining account registered on f2pool for your hashrate and revenue to be recorded and monitored. Please enter the following information on your mining device: A payout address is required to receive your mining revenue, and you can add/change your payout address from Payout Settings. Mining revenue is distributed daily to every user that reaches the payout threshold. The payout threshold is 0.005 BTC and details about payout method, fees and threshold can be found here. Your machines are ready to start mining. From “Address Search” on the f2pool homepage, you can type your wallet address and monitor your hashrate, revenue, and payouts. You can also view this information through our f2pool app. Still have questions? Send us an email at support@f2pool.com or find us on Telegram. Also, follow us on Twitter! This third article in our “f2pool and the rise of crypto mining” series explores the future of mining and thoughts and insights from Chun Wang and Discus Fish, co-founders of f2pool. This is the second article in our “f2pool and the rise of crypto mining” series. In this edition, we trace the early history of f2pool and its two co-founders, Chun Wang and Discus Fish. This is the first article in our new series: f2pool and the rise of crypto mining. We hope sharing some of our stories can provide some insight on what it was like to be a pioneer in the “Wild West” days of the early Bitcoin mining world. Back in May, early Bitcoin pioneers Chun Wang, co-founder of f2pool, and Jeff Garzik, founder of Bloq and former Bitcoin core developer, sat down to reflect on the early days of Bitcoin mining, their own mining journeys, the future of the crypto landscape, and many other topics. Yes, you can! In fact, profits can be huge if various underlying economic variables are taken into account. At the same time, Bitcoin mining can be a loss-making activity if you have an inadequate understanding of the economics. A year with a Bitcoin halving and global epidemic rolled into one, its truly one of a kind. Let’s review the first six months with the Top 10 most impactful moments. With many Institutional Investors and Generation-Z gathering huge interest in Bitcoin Mining and the decentralized cryptocurrency as a whole, it is all the more important to keep oneself informed about the legality of Bitcoin Mining. The inertia that keeps the majority of hashrate in China could eventually lose its grip on the mining industry. How centralized is mining today, and what factors are encouraging adoption in the rest of the world? We’re seeing the mining and finance worlds coming closer together, with large operators offering financial services tied to their mining activities. Bitcoin miners, just like traditional commodity miners, will likely become large users of derivatives. With the bitcoin halving right around the corner, our co-founder Chun Wang, spoke with other leading players in the space about how they are preparing themselves. By contributing their hashrate to a mining pool, a mining farm can earn a consistent payout every day. The size and bitcoin reserves of a large pool means that they can can guarantee a fixed payout to the farm based on their miners’ hashrate.How To Join Bitcoin Mining Pool? Catch up with all the buzz in the world of crypto with BTC Wires. Here, we bring all the breaking stories, feature announcements, public statements and multinational plans of well-known industry investors. Explore more about how and where Blockchain Technology is making headlines! Away from the cryptocurrency, BTC Wires has got something for you out of this world of fascinating fancies and ideas. Let your queries be sorted out by some brilliant minds of Blockchain Ecosystem! BTC Wires has this syndicated interview column that has up-close and personal interviews of some of the game changers in the world of cryptocurrency. Know what they have in their sack for you. Navigating the crypto world is a daunting challenge owing to those confusing technical concepts, isn’t it? Lucky You! You are at BTC Wires. With an aim to keep you in touch with the current market trends of the crypto world, BTC Wires brings you the in-depth analysis of all the happenings so you can stand firm in this ecosystem. Just to help you understand this ever-evolving world of Cryptocurrency and Blockchain Ecosystem, BTC Wires has the proper solutions for you with our set of evergreen articles. At BTC Wires, we love guiding passion-fuelled aspirants with the right amount of information so they can find effective ways to grow with the trend. Thus, we have come up with this Encyclopedia that covers all the aspects of Blockchain Ecosystems. At BTC Wires, we give you access to our exclusive collection of Press Releases which are periodically curated for the most influential ICOs in the market. If you are interested in cryptocurrency mining, chances are you already know how to join a Bitcoin mining pool. But if you don’t, this might be worth a read. There is no shame in admitting that a lot of us didn’t know what a Bitcoin mining poolwas for a long time, let alone knowing how to join a Bitcoin mining pool. Some of us are still clueless in fact. However, it is now important to have knowledge regarding these things, if you are interested in the cryptocurrency market. We have previously written on Top Bitcoin Mining Pools of 2018, and although the year is 2019 now, most of this list remains unchanged. If you however do not know how to join a bitcoin mining pool, here is a step by step guide to help you out. The first step is to educate yourself on how a Bitcoin mining pool looks like and how it functions. The internet is a big place and it is easy to get lost in there. Make sure you have all the necessary resources and information you need in order to join a Bitcoin mining pool. Having the right equipment is extremely necessary. The next step is to look for a Bitcoin mining pool that fits your needs. Mostmining apps and services support their own official mining pools, in addition to which, there are pools created by online communities. Each and every Bitcoin mining pool has anumerical address embedded into the custom settings in the Bitcoin mining software. This address will help you reach the Bitcoin mining pool. Additionally, majority ofmining apps and services run their own official pools, which you can opt out of by changing it to a ‘custom pool’in the application settings. Try to look for official Bitcoin mining pools since it already has a lot of miner working together to mine Bitcoin. They can always help you out if you hit a snag. Once you have decided on the Bitcoin mining pool that you wish to join, simply sign up for that and start interacting with your fellow miners. You will need to create an account and only then can you start mining. Make sure to research well on the fee, the country of origin and the reputation of the mining pool before you decide to join it. That’s it. It is that easy to join a Bitcoin mining pool. So go forth and pick your tribe, happy mining! Sumedha uses words as her crutch to get by in life. She takes a keen interest in debating, dancing and destroying the patriarchy in her free time. BTC Wires is an online digital media platform which provides information for the crypto and blockchain technology fraternity. As the demand for Cryptocurrency is riding high these days, it is our mandate to educate, inform and connect the readers and experts over the globeRead Morestyle="text-align: center;">how to join a btc mining poolHow to choose and connect to a Bitcoin mining pool CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. Mining solo, while sometimes more profitable, its usually not the right choice for most miners. When mining solo, you are doing all the work alone which means that youll receive the entire block reward, the problem is that mining is also based on a luck factor, which means that if your hashpower isnt high enough, you may never see a reward come your way. With pool mining, however, this variance is eliminated and you recieve payments that correspond to the portion of the work that you have done. If you are deciding to join a Bitcoinor 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. Today we want to teach you some aspects of pool mining in the hope that they will help you choose a mining pool that best fits your needs. You can check out our mining pool list here. Make sure to read the reviews and to check the features carefuly. You will also find a list of servers by locaiton and coin in the pool description. The main consideration is the fees, which vary according to which model of payment distribution the mining pool is operating and determines which party is assuming the risk – the miners or the mining pool operator. If the mining pool operator is assuming the risk, then the fees are higher, and if the miners assume the risk then fees are lower. The fees usually range from 0% to 4%. The standard fee for mining pools is usually 1%, so if you spot a pool with a higher fee check its payment method and other features. If there is a pool with similar features and payment method but smaller fee, youll want to choose the second option. Sometimes a pool will have a 0% fee. This is very unusual and it most often means that you are dealing with a new pool that has no fee in an effort to attract customers. Some pools, however, actually rely on donations and other methods, so if you find a 0% fee, youll want to keep an eye on any fee changes. You can check out our mining pool list hereand organize it by fee. The model where the mining pool operator assumes all the risk is when they guarantee a payment per each proof of work – or potential hash solution – that their miners offer. For example if the total network is 100GH, the mining pool operating this Pay Per Share (PPS) method has a hash rate of 10GH, and the block reward is 25 Bitcoins, then the expected return is 2.5 Bitcoins per block. The pool will give money to their miners even if their pool hasn’t successfully mined the block, meaning the risk of lumpy payments is assumed by the operator, and hence why the fees are at the higher end of the range at 10%. Miners will then only receive an expected return of 2.25 Bitcoins per block distributed proportionally by how much hashing power they have contributed towards the block.When the miners assume the risk the fees are generally lower as they take on the risk that they might not solve a block for an extended period of time and receive no payment of Bitcoins. There are varying methods of this with the aim of keeping the pool hashing power stable. There are other inventions and variations that have been implemented. For example the DGM method (Double Geometric Method), where the operator receives some payments over short rounds and distributes them over longer rounds. There are also some other ways where the more recent proofs of work are allocated a higher weighting in terms of the proportion they are eligible for.Some pools have extra fees on top of PPS (Pay Per Share) schemes – but in generally fees range from 0% for Proportional and PPLNS pool management schemes to 10% for PPS schemes. There also pools that offer the ability to merge mine other SHA-256 coins as well as Scrypt pools that allow you to merge mine other popular crypto currencies such as Dogecoin and litecoin. Over the time, many different payment systems have been developed. Most altcoin pools use the Prop or PPLNS payment system. However, there are several, including: You will also want to take into account the minimum payout. This defines the minimum amount of coins you are allowed to withdraw (or to receive automatically). Some pools allow you to set a limit above the minimum, which allows you to save money on transaction fees. When choosing a mining pool, you will want to check the minimum payout, the payout period, and weather the pool or the user pays for the transactions fees on withdrawals. You can check out our mining pool list hereand filter it by payment system. The first thing youll have to consider is, of course, the cryptocurrency that you would like to mine. The most popular at the moment are Zcash, Ethereum, and Ethereum Classic, among others. These are currently the most profitable ones. You can always compare your profits with each currency through the calculator tool that we have available. Of course, these numbers are subject to change has the price, mining difficulty, and network hashrate change, so its advisable that you take these into account and that you check on them regularly. Some mining pools allow Merge Mining, which means that your can mine two cryptocurrencies at once without losing efficiency in neither. This, however, is only available with some algorithms. Another type of pool to consider is a multi-pool. These allow you to choose from several cryptocurrencies to mineand converts your profits into Bitcoin automatically. If you are planning to mine an altcoin but want to exchange it for BTC, these may be useful to you. Check out multi.pools here. You can check out our mining pool list hereand filter them by currency. If youre located in Europe and mining on a Chinese server, you may not get the best results. Check if your pool has a servers in your country/continent and if so, check the URL for those servers. This will allow you to mine more efficiently. Vardiff stands for Variable Difficulty. It is used to regulate the difficulty of the shares you recieve to work on. This benefits both low hashrate and high hashrate miners as the difficulty will regulate itself to best fit your hashrate. While some mining pools have Vardiff, others will have multiple ports for different difficulties. If your pool has no Vardiff, you may want to test different ports for different difficulty. This website is only provided for your general information and is not intended to be relied upon by you in making any investment decisions. You should always combine multiple sources of information and analysis before making an investment and seek independent expert financial advice. Where we list or describe different products and services, we try to give you the information you need to help you compare them and choose the right product or service for you. We may also have tips and more information to help you compare providers. Some providers pay us for advertisements or promotions on our website or in emails we may send you. Any commercial agreement we have in place with a provider does not affect how we describe them or their products and services. Sponsored companies are clearly labelled.Bitcoin Mining Pools – the Way of Earning Money in the 21 Century The twenty-first century dictates the new lifestyle rules for people all around the world. Nobody wants to leave the house and work for getting money. Now it is popular to use Bitcoin mining pools. If you don’t know what it is continue reading this article because we are going to give you all necessary information. So, what are Bitcoin mining pools? There are lots of pools for mining Bitcoin. Pool is a group of miners which are join in order to get more profit. The sense of cooperative work lays in the fact that this mining type brings more bitcoins. Everyone makes a few numbers of algorithms and at the end, the group of miners shares block rewards in proportion to their mining hash power. As a rule, one block costs 12.5 BTC. It means that without cooperative work in a pool, a user cannot achieve such a great result or it is going to be a lucky chance. After the cryptocurrency emergence, you could mine virtual coins on your home PC. The first miners were students, gamers, and programmers who were using a free minute to practice mining. Pretty quickly the situation has changed. With the popularization of Bitcoin, more and more people started to connect to the process of mining. In this situation, its complexity began to increase. First, successful mining required a special video card, then reprogrammed chips. Today, there are devices called ASICs which are high speed and low energy consumption. But solo-mining (mining bitcoins alone) has lost its relevance. The cryptographic tasks has become so complex and expensive that costs have not paid off. Therefore, users decide to join the pools. In this case, a unified system, including dozens or even hundreds of thousands of computers allow mining cryptocurrency much faster. First of all, you need to set up a Bitcoin wallet where you can keep money. For example, Copay is a one of the examples of Bitcoin wallet. Bitcoins are sent to your Bitcoin wallet by using a unique address that only belongs to you. You can purchase a wallet by downloading a software client to your computer. Also, download a special program used for Bitcoin mining. There are a lot of programs that can be used for Bitcoin mining, but the most popular are CGminer and BFGminer. You shouldn’t choose new pools for mining, as they don’t have the capacity immediately to earn decent money. The biggest pools are situated in China. Nowadays Chinese pools control mostly 81% of the network hash rate. Electricity is very cheap there that helps Chinese miners to occupy such a big niche and to be recognizable as Chinese four: Antpool, BTCC, F2 pool and BW pool. The second place goes to Iceland which controls 5% of the Bitcoin mining pools. Then come Japan and Czech Republic with 3%. And at the end of the list there are Georgia and India with only 2% of all pools. You can start mining in one of the pools and then redirect the hashing power to another mining pool at anytime. The list below is based on the information from Blockchain pool share chart: There are two types of mining pools: free and private. If the mining pool is free the join process is very simple. As in any business, you have to make small investments of time and finances for being on the wave of success in the future. Start mining today and have a better life tomorrow.How to join a mining pool? [duplicate] Stack Exchange network consists of 178 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up. Connect and share knowledge within a single location that is structured and easy to search. Im running a Bitcoin node on my computer. Can I configure it so I can join a mining pool? If so, how to do this, or where can I find the documentation? To join a mining pool go to their website and create an account. Connect the ASIC machines (which you already bought) to their server using the stratum link they give you. The mining pool has its own bitcoin nodes which will be used for mining. There is no way to connect your node to the pool - they dont want to use it. Your bitcoin node is only used for your mining if you run your own pool. Miners just do the work the pool asks them to do, without knowing which blocks they work on. In theory miners could use their own bitcoin nodes for a couple things: But in practice noone is doing either of these things. site design / logo © 2021 Stack Exchange Inc; user contributions licensed under cc by-sa. rev2021.9.22.40281 By clicking “Accept all cookies”, you agree Stack Exchange can store cookies on your device and disclose information in accordance with our Cookie Policy.
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