Mining Pools

In order to have a higher chance of receiving this block reward, miners virtually pool their computing power with other miners by connecting their mining machines to an online service called a “mining pool”. Every participant in a mining pool gets a share of the block reward that the pool gets and this share is proportional to the amount of computing power that was contributed by the miner.

A transaction fee on the other hand is a small amount of cryptocurrency that everybody has to pay to make a transaction of that cryptocurrency. In summary, miners are paid through a combination of block rewards and transaction fees depending on which cryptocurrency they are mining.

Cryptomining 101

A four-part educational video to begin your mining journey. The topics include the foundation on mining (Learning how miners get paid), How to install and manage an Antminer, Introduction on mining pools, and how to exchange mined cryptocurrency.

  • antminer

    What is mining? How do miners make money?

  • antminer

    Antminer installation

  • antminer

    Using a mining pool

  • antminer

    Exchanging mined Cryptocurrency