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 PROP payment system. PROP stands for "Proportional" and is designed to fairly distribute rewards among all contributing miners based on the number of shares they submit during a mining round.

 

In the PROP system, each mining round is completed when a block is found. The rewards for that block are then distributed proportionally to all miners who submitted shares during the round. Here’s how it works:

• A round ends when a block is successfully mined. The total number of shares submitted by all miners during the round is tallied.
• Each miner’s share of the total rewards is calculated based on the number of shares they submitted relative to the total number of shares submitted by all miners in the round.
• The block reward is then distributed in proportion to each miner’s contribution. If you contributed 10% of the shares during the round, you will receive 10% of the block reward.

For example:

• Miner A submitted 50 shares
• Miner B submitted 30 shares
• Miner C submitted 20 shares

If the block reward is 100 coins:

• Miner A will receive (50 / 100) * 100 = 50 coins
• Miner B will receive (30 / 100) * 100 = 30 coins
• Miner C will receive (20 / 100) * 100 = 20 coins

PROP benefits loyal miners and discourages pool hopping. Since rewards are calculated based on the proportion of shares contributed, miners who stay and consistently contribute shares will see their efforts reflected in their rewards. This ensures a fair distribution and provides an incentive for continuous participation.

In summary, the PROP system offers a fair and transparent way to distribute mining rewards based on each miner’s contribution. This system benefits consistent and loyal miners by providing proportional rewards that reflect their share of the work done in each round.

Assuming blocks have been found, payouts are processed and sent every 60 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. A block requires 400 confirmations to mature. This may take a few hours, depending on factors such as the network's block generation time, current network congestion, block propagation speed, total hash rate, and net difficulty. 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.