© 2019    VeenPool Technologies LTD, United Kingdom.

BUILD A MINING POOL

  • Start and administer your own Mining Pool

  • Partake in Network Governance and Improvement protocols

  • Manage user/device profiles and Mining Income through a dynamic admin panel

  • Host Pools for Multiple Coins, Algorithms and Hardware options

“Joining a Pool mitigates the probabilistic nature of luck from the process of mining.”

What is a Mining Pool?

In a Mining Pool, a group of individual miners agree to jointly Pool together their hashing power to make it more likely that they will solve a block, and gain the associated rewards.

1

A Miner and donates his hashing power to a pool he has joined
2

The Pool associates donated hashing power with shares
3

Rewards obtained by the Pool are shared amongst miners, according to the number of shares awarded to each miner

Mining Pool Process

Payment Methods
*Rewards are distributed through pre-arranged Payment agreements such as Pay-Per- Share (PPS) and Pay-Per-Last-N-Shares (PPLNS).
 

PPS (Pay-Per-Share)

  • Where a miner in the Pool receives a fixed payment for every share submitted, regardless of how frequently or infrequently the solves a block (based on the estimated probability of solving a block)

  • As such, it removes luck entirely from the process of mining and provides miners with a steady pay-out for the computational work that they put in.

 

PPLNS (Pay-Per-Last-N-Shares)

  • Where each miner in the Pool receives an amount proportional to S/N

  • S is the number of shares for which the miner was responsible for in the Pool’s previous N shares (N being a fixed parameter set by the Pool)

  • Pay-outs are made only once a block is solved

  • It provides a greater variation in miner payments than Pay-per-Share, although it encourages greater Pool loyalty and prevents Pool hopping.

 

1.     Frequent Pay-Outs
Pooling Hash Rate allows miners to solve a block much faster and frequently than in a solo-mining venture, offering a more proximate and predictable rewards schedule. 

 

2.     Steady Income
Pooling Hash Rate allows miners to solve a block much faster and frequently than in a solo-mining venture, offering a more proximate and predictable rewards schedule. 

3.     Easy Mining Set-up

Pooling Hash Rate allows miners to solve a block much faster and frequently than in a solo-mining venture, offering a more proximate and predictable rewards schedule. 

4.     Analytics Tools

Pools provide access to Analytics tools and rich data-sets and can associate profiles with single or multiple devices. This offers pools to serve as an interface for the output of a mining system or set-up.

5.     Profit Optimization Tools

Pools offer perfect positioning for Coin and Algorithm Switching Bots that switch between most profitable coins to apply hash-rate to.

6.     Merged Mining Tools

Merged mining is the simultaneous mining of two different cryptocurrencies using the same computational power that it would have taken to mine just one. This possible when each currency shares the same hash function and a similar difficulty.

Pool Mining Advantages

Partake in Network Governance
Partake in Network governance including Network democracy, Improvement Protocol Voting, Soft Forks, Hard Forks and Chain Splits.
  • Tested, Secure, Hosted Pool Solution

  • Chose from Multiple Coins, Hashing algorithms, Compatible Systems:
    SHA256, ETHASH, EQUISHASH, CRYPTONIGHT, SCRYPT, X11Pools.

  • Intuitive User Interface and User Experience

  • Choose from Multiple Pool Service specifications

  • HTTPS Interactivity

  • Choose from multiple Pay-Out systems

  • Marketable add-ons: Include Widgets, Analytics Tools, Affiliate Systems and Progressive Rewards systems.

INTERESTED IN BUILDING YOUR OWN POOL?