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Block #9

Mining

Mining pools explained

Solo mining with one machine means statistically one block per century. Pools combine hashrate so you receive a small but predictable share.

Thijs MolenaarSkriven av Redacteur beleggen, Den HaagUppdaterad Granskad av redaktionen

Why pools exist

Your chance of finding a block equals your share of total hashrate; at one-millionth, income variance is unacceptable.

A pool distributes found blocks based on submitted shares — partial solutions proving you were working.

Payout models

PPS pays a fixed amount per share; the pool carries luck risk and charges a higher fee. FPPS adds average transaction fees.

PPLNS pays when the pool finds a block, over the last N shares: lower fee, higher variance, and costly if you hop pools.

  • PPS/FPPS: predictable, higher fee
  • PPLNS: cheaper, more volatile
  • Solo pool: all or nothing, minimal fee

What to check

Compare fee, payout threshold, frequency and whether you control the payout address. A pool holding coins is a custodian.

Watch decentralisation: if one pool exceeds thirty percent of hashrate, spreading out protects the network you invest in.

Vanliga frågor

Is solo mining still worth it?

Only as a lottery ticket; some solo pools market it exactly that way.

Is stratum traffic encrypted?

Not always. Choose a pool supporting encrypted connections.

Can the pool steal my coins?

Only unpaid balances. Use a low payout threshold and your own wallet.

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