What is a Monero Mining Pool

Mining pools are groups of miners that work together to mine Monero. By pooling their resources, they can share the rewards more evenly, and increase their chances of finding a block.

When you join a mining pool, you will need to run special mining software that connects your miner to the pool. The software will also keep track of your shares, and give you a share of the rewards based on how much work you’ve done.

Why Join a Monero Mining Pool?

There are a few good reasons to join a mining pool:

  • You will be more likely to find a block. solo mining can be very difficult and it may take a long time to find a block. By pooling your resources with other miners, you can increase your chances of finding a block.
  • You will earn more rewards. When you solo mine, you only get the full block reward if you find a block yourself. Otherwise, you get nothing. When you join a pool, you will always earn a share of the rewards, even if you don’t find a block.
  • You can choose your own pool fee. Most pools charge a small fee in order to cover their expenses and make a profit. But some pools let you choose your own fee, which can be as low as 0%.

What is XMRpool?

XMRpool is a Monero mining pool that was launched in May of 2018. The pool has a 0.5% fee, and pays out rewards every day. XMRpool has a number of features that make it a good choice for miners: The pool has no minimum payout, so you can withdraw your earnings at any time.

The pool uses a PPLNS reward system, which means that you will earn a share of the rewards based on how much work you’ve done, regardless of whether or not you find a block. The pool has a responsive support team that is available 24/7.

If you’re looking for a Monero mining pool, XMRpool is a good choice. With its low fees and responsive support team, it’s a pool that you can trust.

How to Join XMRpool

Joining XMRpool is easy. Just follow these steps:

  • Sign up for an account at xmrpool.net.
  • Download the mining software that you need to connect to the pool. For CPU mining, we recommend Claymore’s Cryptonote GPU Miner. For GPU mining, we recommend xmr-stak-nvidia.
  • Configure the mining software to connect to XMRpool. You will need to specify your pool address, username, and password.
  • Start mining! Once you’ve configured your mining software, you can start mining Monero. Your earnings will be automatically deposited into your XMRpool account.

Leave a Reply

Your email address will not be published. Required fields are marked *