The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

How to mine in a mining pool? How to settle mining in a mining pool? There are two main profit distribution models for mining pools: PPLNS and PPS. We all know that the power of a mining machine is limited, but by combining many mining machines together, a mining pool can be formed. A lot of digital currencies can be mined from ore. But the computing power of each mining machine is different. How to distribute the benefits mined by the mining pool at this time? What proportion should be used to distribute it at this time? Since it is difficult for individual mining to meet the demand, the global As computing power continues to increase, it is difficult to mine Bitcoin with a single device or a small amount of computing power. A large number of mining machines are combined to form a mining pool. The computing power of the mining pool is very powerful. , and also guarantees that virtual currencies can be mined more quickly. So how does the mining pool mine? Let’s take a look!

 How to mine in a mining pool

The location selection of a mining pool is also very particular. Mining pools cannot be established anywhere, but require up-front capital investment. A mining pool is a combination of individual mining machines. Since it gathers the computing power of many miners, the mining pool The pool has a larger proportion of computing power, and the probability of mining Bitcoin is higher. The mining pool will distribute the rewards according to the contribution value of each device.

 Mining pool profit distribution model

Nowadays, there are many large and small mines around the world. Each mining pool is large or small. Generally, small mines no longer have great advantages. Large mining pools have many miners for mining. For each mining pool, For a miner, he can join any mining pool or multiple mining pools at the same time. The first major task of the mining pool is to distribute profits to the miners.

When deciding whether to join a mining pool, you can think of it like a "lottery betting partnership" - the pros and cons of each are very clear.

Independent mining means that you will not have to share mining rewards, but your chances of receiving rewards will also decrease significantly. Although the mining pool mode allows for a greater chance of obtaining block rewards, those rewards will be distributed among all mining pool members.

Therefore, joining the mining pool model can bring a relatively stable income stream. Even compared to the full block reward (currently 25 BTC), some people will think that this is a more suitable mining model.

It is important to note that the computing power of a single mining pool does not exceed 51% of the entire network. If a single entity ended up controlling more than 50% of a cryptographic network's computing power, it could - in theory - wreak havoc on the entire network.

In early 2014, many people expressed concern about the GHash.io mining pool because its computing power was approaching this threshold, and subsequently, following calls from the Bitcoin community, GHash miners began to partially withdraw from the mining pool.

In the current situation of mining Bitcoin, the difficulty is so high that it is almost impossible for the independent model to succeed in order to earn mining profits. Unless, of course, you happen to have a garage full of ASIC mining rigs in the Arctic. If you are a beginner, joining a mining pool is a great way to earn a small reward in a short period of time. In fact, the mining pool model can encourage small-scale miners to continue to participate, and perhaps mining pool mining is also a good choice.