Do I need to register an account to mine?
Registration is not required. Just configure your miner
according to our instructions and start mining. Your
first submitted share will automatically register you
with our pool. Good Luck!
Why is my reported hashrate zero or different from what
my miner reports?
Pool and miner hashrates are re-calculated every ten
minutes. Therefore it can take a maximum of ten minutes
for your hashrate to update depending on the submission
time of your first valid share. The hashrate we display
at the pool is a rough approximation of your hashrate
based on your submitted shares and can therefore differ
significantly from the hashrate displayed locally. When
in doubt always consider the value displayed by your
miner as the correct one.
How will I get paid?
All of our pools utilize the PPLNS payment system. PPLNS
is short for "Pay Per Last N Shares". The image below
illustrates the system. One round has an arbitrary
number of shares which is solely based on sheer luck.
Proportional reward systems only consider shares of one
round when calculating rewards. PPLNS however, uses a
quite constant number N of shares for calculating
rewards. This number N changes only with the difficulty:
As you know the number of shares needed to solve a block
within a round is different. Round one and three needed
(difficulty * 2) shares to be solved. Round two and four
are quite short rounds. There were less than (difficulty
* 2) shares necessary to solve them. Round five however
is a very long round which means the pool needed more
than (difficulty * 2) shares to solve the block. From
this follows that:
-
Rounds one and three are like proportional rounds. All
of your shares from the given round are considered for
reward calculations
-
For rounds two and four, shares from the previous
rounds are considered for calculations as well (marked
green). In other words: regardless of round boundaries
we always consider the last
(difficulty * 2) shares. Your portion of the
amount of shares is used to calculate your reward.
-
Round five however is very long. In this round your
lowermost shares (within the marked red part) are
silently dropped if they are not within the last
(difficulty * 2) shares.
PPLNS favors constant and/or occasional loyal pool
members over pool hoppers.
Pool hoppers are betting for a "quick win" (like round
two above) with low shares per round. If the round
exceeds a certain amount of shares they "hop" to another
proportional pool which started a new round more
recently. This assures better rewards for pool hoppers
over occasional or constant miners which are loyal to
their pool. Pool hopping however implies that pool
hoppers need to know when a round is started and how
much shares are considered for reward. This is very easy
with proportional reward system. While using PPLNS, this
is no longer true. On long rounds (like round five
above) the pool hoppers shares won’t be considered for
reward calculations in favor of loyal miners. This is
due to the fact that pool hoppers only mine on the
beginning of rounds. On short and normal rounds pool
hoppers won’t lose their shares. Due to the fact that
shares from previous rounds from loyal miners are
considered twice (or even more often on extremely short
rounds) the pool hopper won’t get the same reward as
from proportional reward system.
Assuming blocks have been found, payouts are processed
and send every 10 minutes. This process is fully automated.
When will I get paid?
You won't see any balance in your account until a block
has been found by the pool and after the block has
reached a mature status. This may take a couple hours,
depending on the coin. As soon as a block can be
considered 'mature' by the pool, your shares will be
used to calculate your contribution towards finding the
block. The more you've contributed, the higher your cut
of the block reward will be. Your cut of the block
reward will then be credited to your pending balance. If
your balance reaches or exceeds the pool's minimum
payout amount, the pool will transfer your
entire balance to your wallet and
reset your pending balance to zero. The minimum
payout for each pool is listed in its 'Pool Stats' area.
We are a small pool for the time being, and as such it
may take some time to find a block. On larger pools you
would see some balance earlier because they will find
blocks faster, but you will get a smaller share of the
reward than what you would in a smaller pool. Over time
you will earn more or less the same amount when mining
on a large pool or on a small one.
In other words, the rewards you get on average are
exactly proportional to your part in the total work done
by the pool. If you mine in a pool
twice as large, the pool will collect
twice as much rewards but your share in them will be
cut by half, meaning you get the same
on average.
Trustworthiness, reliability, support and low latency
are the things you should consider when choosing a pool.
By avoiding the largest pools you contribute to the
network health by spreading the hash power.