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Title: pool Post by: setupbounds on March 01, 2016, 01:08:30 PM I would like to ask everyone. What is pool? :)
Title: Re: pool Post by: jonnybravo0311 on March 01, 2016, 02:38:31 PM It's not less reward. 25BTC is generated regardless of whether you solved the block solo or solved it in a pool. The difference is your the portion of those coins you as a miner receive. Solve that block solo and you get all the coins to yourself. Solve it as part of a pool and everyone mining on the pool gets a cut, depending on the payout scheme of the pool.
Title: Re: pool Post by: odolvlobo on March 02, 2016, 01:48:23 AM I would like to ask everyone. What is pool? :) A pool is a group of miners that work together to mine bitcoins and share any of the block rewards that they earn. Generally, a pool is run by a person or company who takes a small percentage of the revenue as a fee. The benefit of mining in a pool is that the revenue is more consistent. Title: Re: pool Post by: Scream on March 02, 2016, 05:01:35 AM just search it on bitcoin wiki
Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the block reward according the contributed processing power. Pooled mining effectively reduces the granularity of the block generation reward, spreading it out more smoothly over time. https://en.bitcoin.it/wiki/Pooled_mining Title: Re: pool Post by: ripplehd on March 02, 2016, 06:49:08 AM thank you for the info guys I'm starting to learn more about btc. A question I want to know is can I use a btc loan to gamble and
what would happen if I lose all my btc loans will I get banned? Title: Re: pool Post by: Scream on March 02, 2016, 07:47:19 AM thank you for the info guys I'm starting to learn more about btc. A question I want to know is can I use a btc loan to gamble and go to this sub forum what would happen if I lose all my btc loans will I get banned? https://bitcointalk.org/index.php?board=65.0 and Read all this thread https://bitcointalk.org/index.php?topic=404191.0 https://bitcointalk.org/index.php?topic=246874.0 Title: Re: pool Post by: Za1n on March 02, 2016, 07:48:36 PM It has been explained pretty thoroughly already, but in essence using a pool gives you a slightly smaller but consistent, predictable, and for the most part reliable stream of revenue. You can calculate your costs and income from the pool earnings and be fairly confident you will make the return expected.
Solo mining, while giving you the maximum amount of income will be very inconsistent, unpredictable, and probably fairly unreliable. This of course depends on which coins you are mining, but for popular ones such as Bitcoin, you may go a long time before solving a block. This was recognized very early in Bitcoin mining, where miners began to trade a bit of their profits in order to "pool" their resources with other like minded miners and smooth out their incomes. As far as losing you BTC gambling, no you won't get banned as there is nothing to ban you from. You would simply lose your coins and would need to acquire more if you wanted to continue to be involved with Bitcoin. |