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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.
Description
Ultimus Pool represents an innovative and comprehensive mining pool solution created to deliver user-friendly, dependable, profitable, and compliant services for miners worldwide. By offering advanced features such as user-defined external wallets, both sub and main account structures, adaptable pool fee options, and incentives for environmentally conscious miners based on energy audits, UltimusPool equips miners with leading-edge tools. Our dedicated team of experienced professionals is focused on delivering top-notch services tailored for decentralized networks. In our mission to transform the mining pool landscape, UltimusPool has formed partnerships with CCA and the Energy Web Blockchain, striving to establish a new standard for renewable practices in the industry globally. Additionally, as a crucial strategic partner of Binance Pool, we are committed to democratizing access to mining, ensuring that it is within reach for everyone, and allowing users to enjoy a smooth and efficient mining journey. Ultimately, our goal is to empower miners and foster a more inclusive mining community.
API Access
Has API
API Access
Has API
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
SoloPool.org
Website
solopool.org
Vendor Details
Company Name
Ultimus Pool
Website
www.ultimuspool.com/en