The Art of Mining

The Art of Mining

By Wolf2015 | My Crypto Info | 28 May 2020


 There are a lot of real factors to the occupation of being a crypto miner. It is not merely plugging in a miner and connecting it to any pool. It does not matter if you are using GPU, ASIC, or CPU there are some real factors you must consider.

We will cover the main factors one should think about when choosing a mining pool, also if the factors are not in your favor you may wish to create your own node and make a private mining pool connected to the specific coin you want.

LATENCY

Latency should be the number one factor you should consider when choosing a mining pool. This is the time and distance it will take for the communication from miner to server. The further the distance the  less coins earned due to latency.

Pool Policies

Each mining pool has certain pool policies that may or may not adhere to the consensus of the blockchain. If the pool is not in consensus with the blockchain you may be cheating yourself as well as cheating the system. Also there is strong possibilities that the actual mining may be continue to be rejected by the consensus.

Pool Fees.

Another major factor in choosing a mining pool, would be the actual fee that the mining pool charges for you to mine on. If the fee is too high, it will also be cutting into your earnings.

This should be the rule of thumb when you choose a mining pool. If for any reason the factors do not give you the advantage for you to make the maximum earning, you may wish to consider creating your own node and a private mining pool.

 

How do you rate this article?


11

0

Wolf2015
Wolf2015

Author, Veteran, Journalist, Investigator, Patriot. Determined to staying Curious as My teacher, who passed, always told me to do. Believe no one, Listen to everyone, but only trust what you yourself can verify with your own research. Never believe anyone


My Crypto Info
My Crypto Info

Education of cryptocurrency from a person who actually lives off of mining and how to understand the many ways you can earn. Must research all for yourself, because results can vary depending on your miner and internet connection

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.