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Description
Collaborate with fellow miners to uncover blocks collectively, where any successful discovery results in each member receiving a portion of the associated reward. Alternatively, you can mine independently, securing the entire block reward if you are the one to find a block, although deductions for pool fees will apply. Confirmations of balances occur hourly, requiring a total of 100 confirmations for a block to be officially verified before the balances are processed. Hashalot covers transaction fees for all balance disbursements, which are factored into each pool's fees. Once a block receives confirmation, the rewards are distributed based on the contribution made by each miner involved in the block's discovery. Each share carries a definitive value, unlike PPLNS, where shares eventually expire after a certain period. This payout structure ensures that the miner who discovers the block is rewarded with the full block reward, minus any applicable pool fees, making it particularly advantageous for those with substantial hash power. Moreover, this collaborative approach not only enhances the efficiency of mining efforts but also fosters a sense of community among miners working toward a common goal.
Description
A solo mining pool is structured such that each miner operates independently, meaning that only the miner who successfully discovers a block receives the entire reward, while others in the pool do not earn anything. The time it takes to find a block relies on both the miner's hashrate and an element of chance. After initiating the mining process, the average hashrate can only be accurately calculated after a minimum duration of 30 minutes. This hashrate assessment is based on the shares submitted by the miner, which may fluctuate compared to the figures displayed in the mining software. Furthermore, mining pools ensure that they only retain your coins for as long as necessary to confirm transactions and process payouts. Each mining pool operates under a reward system tied to block discovery, commonly referred to as SOLO, wherein rewards are granted strictly for finding blocks, with no compensation for submitted shares or time invested. Mining itself is a highly intricate computational task, and results can vary significantly; for instance, a miner might discover nine blocks with a luck value below 20%, yet also hit a block with an astonishing luck value of 700%, illustrating the unpredictable nature of this endeavor. This variability in luck highlights the challenges and excitement that come with solo mining.
API Access
Has API
API Access
Has API
Integrations
Bitcoin
Ethereum
Flux
NiceHash
Telegram
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Hashalot
Website
hashalot.net
Vendor Details
Company Name
SoloPool.org
Website
solopool.org