BTC mining with own hardware #5 - joining a pool


SUBMITTED BY: m0dder

DATE: May 8, 2021, 5:33 p.m.

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  1. Join a mining pool. Mining pools are groups of miners that pool their hashing power to mine Bitcoin more quickly.
  2. A pool enables you to compete with massive mining conglomerates that have mining farms with tremendous hashing power.
  3. You don't need to pay anything up front to join a mining pool. Instead, the pool takes a percentage of the Bitcoin mined (typically between 1 and 2 percent)
  4. BitMinter, CK Pool, and Slush Pool are some popular, successful, and well-established mining pools.
  5. Without a mining pool, you would have to mine potentially for years before you'd see any profit. With a large pool, it's possible that you could start earning Bitcoin within a few months.
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