Size – the amount of hash rate a mining pool contributes towards a specific network will indicate the size of the pool.
#Best mining software for slushpool how to#
Final thoughts How to choose a good mining pool?. These are the pools whose policies work for large and established miners and the small players. We will highlight some of these considerations in the guide and briefly review some of the best mining pools for small miners. When starting as a small miner with limited resources, there are some crucial considerations to which you have to pay attention. Pools operate under varying policies that could encourage or discourage participation from small miners. However, not all pools are conducive for small miners. That is where mining pools come in, enabling small miners to combine their hash rate to earn a chance at creating a block within a particular network.īy combining computing power, miners can participate within any network and earn a reward while contributing to its decentralization regardless of their size. It is almost impossible to mine profitably as a solo miner. Mining has become a competitive exercise, especially within more established blockchains such as Bitcoin and Ethereum. This guide focuses on the miner role and especially what mining pools are conducive for small miners. Miners are transaction validators and block creators.Īll three roles are co-dependent, and none can exist without the others. 
Users use the network’s proposition to fulfill their goals while developers create and maintain their code.
You could be a user, a developer, or a miner. There are three main ways to participate within a blockchain network.
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