Earlier, when the process of extracting a digital currency was not so popular, a simple computer of medium power could cope with the tasks of calculating blocks of crypto currency (hashes). Today, the mining algorithms have become more complex, require the presence of serious technology or entry into so-called pools. Pools for mining are servers that use digital currency. They help to distribute hashes between the capacities of computers connected to the network.
Pools for mining collect the power of devices belonging to process participants. This is necessary for decoding blocks. The process of transferring capacities to servers was called a shire (from English – “share”). For cooperation, pools for mining are provided to collectors with compensation in the form of units of cryptocurrency. Regardless of the power of the device that performs the tasks, the owner gets a share of the total earnings commensurate with the resources spent.
Rating of pools for mining in 2018
Modern pools for mining are distinguished by a number of features:
Functional. Digital currency mining servers may have a different interface and settings. Knowledgeable miners prefer simple management and ease of interaction.
Type of cryptocurrency. Pools for mining produce different cryptocurrency. Some are engaged in mining bitcoin, others extract ethereum, litecoin or Dogecoin.
Servers pay remuneration in different ways.
Some pools ask for a commission for withdrawal of earned funds, others neglect this condition.
Power requirement. Pools that are just beginning to work rarely make demands on the capabilities of user devices. Impressive servers, on the contrary, can refuse to cooperate with owners of computers of average power.
Advantages of Mining Servers
Popular pools for mining are especially beneficial for all citizens. The point is that the closer the server for mining to the collector’s computer, the more efficient the device is. The top pools for mining include a lot of Russian servers that produce different cryptocurrencies:
Process of Mining Crypto-Currency with Devices
Mining of bitcoins. The pool for mining bitcoins is in demand due to the prevalence and stability of the crypto currency.
Pools for the mining of the etherium. Gaining popularity among Russian users. For the production of crypto currency, it is enough to have one or several powerful video cards, while the performance of the computer can be ordinary.
Generation of litecoins. Mining of this crypto currency is advantageous due to its long life cycle (84 million), fast generation of blocks (from 2.5 minutes) and simple algorithms.
Mining Dogecoin. Crypto currency was named after the popular Internet meme. Pools for mining Dogecoin are gaining popularity due to the decentralization and security of the digital currency.
Mining pools are a good way to earn cryptocurrency for those who prefer to do without significant investments.