Chapter 7
Mining Made Simple: Finding a Pool and Preparing an Account
IN THIS CHAPTER
Understanding cryptocurrency mining pools
Selecting the cryptocurrency pool that’s right for you
Preparing a pool account
Looking at common reward systems used by mining pools
Testing cryptocurrency hash marketplaces
Finding out how to set up a pool account
For most small-scale miners, who seek 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 their 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 point in this case would be considerable) — solo mining is a very risky venture and should probably be ...
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