Mass mining Group collects the largest number of miners allowing them to mine Bitcoin or any other digital currency within the framework of mass mining through the latest miner insurance programs that have the ability to process transfers together and create records for the next block.
The collective mining pay is done through sharing among the participants in proportion to their contribution to the final result.
Mining pool
In short, it is a place that collects the largest number of miners in one place within the sites of the blockchain coins (group). The hash of the miners is collected so that this gathering can discover the blockchain currency and then distribute it to everyone according to the strength of the margin that was involved.
Mining Pool:
If you want to own a mining device, you have two options. Either you count on your own, called the Mining Pool, or you choose: The second option is to connect your device to a mass mining network called Solo or cloud mining companies .
What is the difference between mining pool solo and single mining pool?
- In these two cases, it is very similar to lottery games, whether you decide to enter with the individual or the group, but the difference between them is that you will interfere with this adventure on your own and another will interfere with the experience with a group.
- But you must know well if you enter on your own, your chance to win decreases dramatically, and in this case you win, you will earn the reward without being divided with others, such as mining through the Mining Pool, and then it is distributed to all miners.
- Group mining is much better than individual because you can win constantly and get more profits through it, although it will be few, but with time it will increase according to your efforts, you and your team of joint miners with them.
Difficulty ratio between individual and team mining pool Solo:
- It is known that if you are a beginner, you will notice difficulty in mining the " Bitcoin " currency. If you choose to mine by the individual method, as well as you cannot get high profits easily, it will require a lot of time and effort from you.
- So if you are a beginner and want to get profits easily, do not choose individual mining and choose group mining, as it enables you to get a lot of profits by entering a collective room equipped with the latest global devices that help you mine with ease.
- There will be many chances to win and get many bonuses as soon as possible.
Mass mining versus cloud mining
Collective mining means: a group of miners carry out mining operations, and all the returns in the end are shared by each of them on the ability of his share.
As for cloud mining, you pay miners to reserve a share of the mining hardware they own
Can currencies other than Bitcoin be mined in the Mining Pool System?
There are many currencies that you can mine, not just Bitcoin, for example (you can mine ALTCOIN) from the same device in the group room, but these currencies must be based on the same Bitcoin algorithm as (namecoin, devcoin).
How does the beginner deal with the mass mining room?
- All you need is to open an account in one of the sites of digital currencies such as cryptopia and after obtaining the account you create a worker who will be your strong assistant in the Group Mining and lets you create many of the worker and each one in the group will be linked to a device devices or you can simply one only In the event that you are new to mass mining.
- For the beginner, if you have more features and control over the power of the device, it is better for you to exploit it in mining “ALTCOIN”, especially for currencies that depend on the scrypt algorithm instead of SHA256, and this is due to the high difficulty rate.
- But if you do not know which currency you are mining, you only have to enter the Multi Pool system, which is a form of Mining Pool, then your device is automatically exploited in this system to work on different mining for the most profitable currencies, based on data that is updated every 30 minutes.
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