Average Ratings 0 Ratings
Average Ratings 2 Ratings
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
WoolyPooly operates as a cryptocurrency mining pool that facilitates the mining of a diverse range of tokens. Renowned for its profitability, WoolyPooly emphasizes low commission rates for both PPLNS and SOLO reward systems. Our community is comprised of seasoned mining pool advocates, miners, entrepreneurs, and developers who contribute to our success. We utilize high-performance, dedicated servers equipped with extensive bandwidth and remarkably low latency to ensure optimal mining conditions. Our strategy revolves around focusing on profitable coins that have active development and a vision for the long haul. We prioritize high trading volume, a skilled team, and easy access to exchanges. With a wide selection of cryptocurrencies available, including ETH, ETC, CFX, Veil, Ergo, and Cortex, miners can effectively utilize their GPU software for profitable returns. Automatic payments are processed once the minimum payout threshold is reached, and there is no limit to how many payments can be made over time. Additionally, some coins, like GRIN, require a substantial number of network confirmations—specifically 1440—before their blocks become accessible for mining. This meticulous approach ensures that our miners are well-equipped to navigate the complexities of cryptocurrency mining while maximizing their returns.
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
WoolyPooly
Website
woolypooly.com/en