Registration is not required. Just configure your miner according to our instructions and start mining. Your first submitted share will automatically register you with our pool. Good Luck!
Pool and miner hashrates are re-calculated every ten minutes. Therefore it can take a maximum of ten minutes for your hashrate to update depending on the submission time of your first valid share. The hashrate we display at the pool is a rough approximation of your hashrate based on your submitted shares and can therefore differ significantly from the hashrate displayed locally. When in doubt always consider the value displayed by your miner as the correct one.
You won't see any balance in your account until a block has been found by the pool and after it has reached a mature status, which occurs about 2 hours after it is found. We are a small pool for the time being, and as such it may take some time to find a block. On larger pools you would see some balance earlier because they will find blocks faster, but you will get a smaller share of the reward than what you would in a smaller pool. Over time you will earn more or less the same amount when mining on a large pool or on a small one.
In other words, the rewards you get on average are exactly proportional to your part in the total work done by the pool. If you mine in a pool twice as large, the pool will collect twice as much rewards but your share in them will be cut by half, meaning you get the same on average.
Trustworthiness, reliability, support and low latency are the things you should consider when choosing a pool. By avoiding the largest pools you contribute to the network health by spreading the hash power.
All of our pools utilize the PPLNS payout scheme. PPLNS is short for "Pay Per Last N Shares". The image below illustrates the system. One round has an arbitrary number of shares which is solely based on sheer luck. Proportional reward systems only consider shares of one round when calculating rewards. PPLNS however, uses a quite constant number N of shares for calculating rewards. This number N changes only with the difficulty:
As you know the number of shares needed to solve a block within a round is different. Round one and three needed (difficulty * 2) shares to be solved. Round two and four are quite short rounds. There were less than (difficulty * 2) shares necessary to solve them. Round five however is a very long round which means the pool needed more than (difficulty * 2) shares to solve the block. From this follows that:
PPLNS favors constant and/or occasional loyal pool members over pool hoppers. Pool hoppers are betting for a "quick win" (like round two above) with low shares per round. If the round exceeds a certain amount of shares they "hop" to another proportional pool which started a new round more recently. This assures better rewards for pool hoppers over occasional or constant miners which are loyal to their pool. Pool hopping however implies that pool hoppers need to know when a round is started and how much shares are considered for reward. This is very easy with proportional reward system. While using PPLNS, this is no longer true. On long rounds (like round five above) the pool hoppers shares won’t be considered for reward calculations in favor of loyal miners. This is due to the fact that pool hoppers only mine on the beginning of rounds. On short and normal rounds pool hoppers won’t lose their shares. Due to the fact that shares from previous rounds from loyal miners are considered twice (or even more often on extremely short rounds) the pool hopper won’t get the same reward as from proportional reward system.
Assuming blocks have been found, payouts are processed and send every hour. This process is fully automated.
Unlike many other mining pools running on shared VPCs from the cheapest provider which often suffer from "bad neighbor" induced latency and performance drops, our pools run on dedicated hardware (Dual Hex-Core Xeons, 128 GB RAM) which are connected to the Internet using multiple high-bandwidth peerings guaranteeing low latency and stability.
The open-source landscape is scattered with pool-software which is either no longer maintained or in poor shape, be it either because the original developers have abandoned the software or because the developers didn't have much experience with designing something as complex as a modern mining pool engine. Since it is our goal to support all popular coins and blockchains, we felt it would be the best approach to run the pool using software that we have intimate knowledge of. This will ensure future extensibility and first class miner support.