What are merits and demerits of Pool mining? Table of Contents
There are three methods of mining: solo (single) mining, pool mining, and cloud mining, each of which has different characteristics, advantages, and disadvantages.
When starting mining from now on, it is important to understand each character well and choose the method that suits you.
What is Pool mining?
While solo mining is done by one person, multiple miners work together to mine in “pool mining”.
If the mining is successful, the reward will be received by the pool manager, and then the reward will be distributed according to the workload of the participating miners.
If you are looking for a place to mine Bitcoin, then StormGain has a perfect solution.
With StormGain, you can start mining Bitcoin with one click without making a deposit or any charge.
Merits of pool mining
Since multiple miners work together to mine, the pool’s computing power increases, making it easier to obtain stable mining rewards.
Also, in solo mining, you cannot get rewards unless you succeed in mining, but in pool mining, you get rewards according to the computing power provided, so the variation in rewards is small.
How much Bitcoin can I mine with StormGain?
Demerits of pool mining
Pool mining makes it easier to get stable rewards, but it requires a certain fee and reduces the chances of getting big rewards like solo mining.
Also, as with solo mining, you have to prepare various equipment when you start mining.
Mine Bitcoin with one-click on StormGain
Please click "Introduction of StormGain", if you want to know the details and the company information of StormGain.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...