Mining FAQ’s

  • What do I need to start mining?
    • In the early days of Bitcoin, anyone could find a new block using their computer's CPU. As more and more people started mining, the difficulty of finding new blocks increased greatly to the point where the only cost-effective method of mining today is using specialized hardware.

  • What is a Bitcoin mining share?
    • A share is merely an accounting method to keep the miners honest and fairly divide any rewards earned by the pool.

  • What is a Bitcoin mining module?
    • A Bitcoin mining module is usually a worker as assigned in the Bitcoin mining software. For example, four GPUs are plugged into the motherboard constituting the Bitcoin mining hardware. Then the Bitcoin mining software identifies each GPU as a unique worker. So, this small Bitcoin mining rig would be composed for four Bitcoin mining modules.

  • What does ASIC stand for?
    • An Application-Specific Integrated Circuit is a special chip designed specifically for mining Bitcoin and is much more energy-efficient and faster than GPU or FPGA mining.

  • Explain PPS and PPLNS?
    • Cloud mining users can only use PPS. Hardware miners can choose if they want to get paid by PPS or PPLNS.

      PPS payouts depend on your hashrate. PPS is paid at 6:00 AM UTC every day and counts the previous day's hashrate (00:00 to 23:59 UTC)

      PPLNS payouts depend on your hashrate and how often our pool mines a block. If we mine more blocks you get paid more, if we mine less blocks you get paid less. PPLNS is paid 100 confirmations after a block is mined.