Mining is the process of spending computing power to process transactions, secure the network, and keep everyone in the
system synchronized together. It can be perceived like the Bitcoin data center except that it has been designed to be fully
decentralized with miners operating in all countries and no individual having control over the network. This process is referred
to as "mining" as an analogy to gold mining because it is also a temporary mechanism used to issue new coins. Unlike gold mining,
however, crypto-coin mining provides a reward in exchange for useful services required to operate a secure payment network.
All of our pools for CPU, GPU and ASIC coins are officially listed in HiveOS so you can start mining with ease using our prebuilt profiles (make sure you have the latest version)
Here is an example for Avian for an Nvidia GPU in HiveOS:
Here is an example for Avian for an Nvidia GPU in HiveOS:
- Create a flight sheet either in your global flight sheets or directly into your farm
- Set your coin as AVN, select your AVN wallet that you previously made into your global wallets, choose "configure in miner" for your pool, add your miner (if you're mining with Nvidia select T-Rex Miner)https://prnt.sc/1sgavr1
- Click on setup miner config in the miner box https://prnt.sc/1sgb0nh
- Put your x16rt as your algo, then add : your wallet+worker, the pool url and the password (these informations should be found on the pools website)
!!Important the version of Trex miner needs to be 0.19.14 and previous!! - Go in your workers flight sheets, click the little rocket and happy mining
You can see all of the above for your wallet address on the Miners section of any coin page or clicking your worker
You can add your wallet address to pull up your stats for Hashrate, Shares, Paid and Balance etc. You don't have to be actively connected
to get a payout if a block is found and your not mining at the time as long as you have provided enough shares in the round the
block is found and have a miniumum balance of 1 to meet the payout threshold.
PPLNT & SOLO Estimated Round Rewards and Percentages are displayed on each Coin Pool and on your Miner Statistic pages.
They let you know the estimated reward you might receive once a block is found and percentage of shares your miner/worker has versus
others for the current round. This is how the estimated reward is worked out Known Block Reward / Proportion of shares from each miner.
These are purely estimate stats and they update every minute in line with given mining variables on our pool such as Mining Power and Accepted
Shares. Once a block is confirmed all final round shares are then added up versus the actual block reward + block transaction fee rewards and sent
out to miners.
Please go to the Getting Started page to get started, here you will find the stratum addresses and ports.
34XX ports are available for PPLNT mode for each coin pool and region and offer Secure SSL/TLS Mining if your hardware/software supports it
37XX ports are for PPLNT mode for NiceHash or Mining Rig Rentals or another cloud hashing provider.
35XX ports are for SOLO mode and cater for most types of mining equipment
36XX ports are available for SOLO mode for each coin pool and region and offer Secure SSL/TLS Mining if your hardware/software supports it
38XX ports are for SOLO mode for NiceHash or Mining Rig Rentals or another cloud hashing provider.
- stratum+tcp://stratum.coinminerz.com is our EU mining address
- stratum+tcp://us-stratum.coinminerz.com is our American one
- stratum+tcp://sg-stratum.coinminerz.com is our Asian one.
34XX ports are available for PPLNT mode for each coin pool and region and offer Secure SSL/TLS Mining if your hardware/software supports it
37XX ports are for PPLNT mode for NiceHash or Mining Rig Rentals or another cloud hashing provider.
35XX ports are for SOLO mode and cater for most types of mining equipment
36XX ports are available for SOLO mode for each coin pool and region and offer Secure SSL/TLS Mining if your hardware/software supports it
38XX ports are for SOLO mode for NiceHash or Mining Rig Rentals or another cloud hashing provider.
This will only happen when you have a misconfigured hardware/software where your miner sends lots of problematic shares or lots of authentication
attempts that are rejected due to an incorrect wallet address or misformatted workername (Make sure it is like this walletaddress.workername - Wallet
address has to be valid for the coin pool you are mining on and workername needs to be seperated by a "."). It only takes one miconfigured miner
trying a few times to connect for your IP to be temporarily banned so please ensure config is correct before connecting as this could stop other
properly configured rigs from working running at the same location. You can also get banned due to our increased security settings if using a larger
farm than most, if this is the case please contact support so we can make exceptions. Double check your mining software is running the latest
compatible version, the configuration such as address/mining username/workername etc is correct & firmware for mining hardware is up to date.
If you still have issues please reboot your router and miner. This can also happen if we have to restart our stratum servers as it means work
returned won't be recognised, if this is the case your worker will be allowed to reconnect sometime between 300-600 seconds after being banned.
If issues still persist please get in touch with us here via discord and let us know your mining username and IP address along with coin your
mining and which stratum. Good work arounds are correcting config and waiting 30mins and trying again, rebooting your router to get a fresh WAN IP
or temporarily using a VPN service to bypass If you have an ASUS router disabled AI protect mode as this can interrupt stratum mining.
Every now and again a block can get rejected or orphaned as it's not a valid solution for the blockchain or network at all. This is because the
answer isn't even acceptable for example an orphan block is an acceptable solution in terms of the answer but it is only made an orphan as it
doesn't fit the chain and get's pushed out (or another miner/pool found it a couple of miliseconds before we did). A rejected block doesnt even make
it to the network to see if it is valid as the coin node (pool wallet) will deny it straight away. This can be due to mining equipment giving wrong
block solutions back to the pool. Rejected blocks and orphan blocks do not give any coins and therefore there will be no payouts, however all
accepted shares are still kept until the next correct block is found so nothing is lost.
Coins generated by a block will not be available to you right away. They will take some time to be confirmed by the entire coin network before they are paid out by the pool.
Usually coins have a confirmation set to 120 although this can vary from coin to coin. What that actually means: the network has to discover 120 additional
blocks on top of the one found by the pool to confirm it and make a payment (if the minimum threshold of 1 has been met). Please note that some coins have much
higher or lower confirmation limits in place and this is why you can see blocks in a pending state for a while before they go to confirmed. If you want to check the confirmations on
pending blocks you can do so using on each of our coin pool pages or your worker/miner dashboard. You can also see the past so many pool payments for each coin
on each of our coin pool pages simply click the Transaction ID's and you can see when, how much and to who the pool has paid for each coin pool as well
as on your miner/worker dashboard table at the bottom of the page.
Our payment system run's every 30 minutes for each coin but that doesn't mean we pay out every 30 minutes if no blocks have been found or if blocks have been found but
havent been confirmed by the network or if your balance is below 1 which is the automatic payout threshold. Please make sure your wallet is fully in sync to see your
latest transactions as it will only display balances up to the point it is sync'd. For any blocks found waiting to be confirmed you will see your Immature Balance reflect this.
You can also see any pending blocks on the pool page you are mining or if you found any pending blocks on your worker/miner dashboard using the tables at the bottom of
the page.
You can buy hash power and start mining any coin you like using NiceHash, by following these steps.
1. Register a new account on NiceHash
2. Deposit some supported cryptocurrency (BTC, ETH, XRP, BCH, LTC or ZEC) to your NiceHash wallet addresses. Please account for the transaction fees when depositing. In order to submit an order, you will need to exchange deposited altcoins to BTC.
3. Find a coin you would like to mine from our Getting Started page and ensure you use the 37XX port designed for NiceHash, if you are unsure please get in touch via our Discord Server
4. Save the pool to your list of pools HERE. The algorithm, Stratum, Port, Username (your receiving wallet address for coin being mined plus your workername for eg: NdPeNEN4FSGsYGsT7z5KsDyqnK6QYoyuRj.Worker1x1), Password: x
5. Verify the pool config just added with the pool verificator.
6. Worker = ReplaceWithYourWalletAddressForCoinBeingMined.ReplaceWithYourWorkerId1x1
7. Workers password: x
8. Place a new order on the hash power marketplace (don't forget to select the right algorithm for mining the picked coin, e.g. SHA256 for Digibyte or Peercoin etc). You will be able to select between the EU-WEST, EU-NORTH, USA-WEST and USA-EAST hash power marketplace (each of them has its own prices) and standard or fixed order. When you determine the amount you are willing to spend on the order, this amount is expressed and paid in bitcoins. You pay as you mine, so the unspent bitcoins can stay in your NiceHash wallet or you can withdraw them.
9. Check your Stats on our Pool either under the Miners section or by searching your wallet address for the coin you are mining using the Wallet Lookup tool on the home page or on the coin page. Please note that we are responsible for your mining rewards when blocks are found on our pool not Nicehash (also please don't use your Nicehash deposit addresses to mine please get a fresh receiving address from a wallet for the coin you are mining). NiceHash only guarantees you to deliver hashing power that you purchased with them. If you have any issues please get in touch or ideally before you go ahead so we can confirm everything is set okay for you.
10. Start Mining and good luck! :)
1. Register a new account on NiceHash
2. Deposit some supported cryptocurrency (BTC, ETH, XRP, BCH, LTC or ZEC) to your NiceHash wallet addresses. Please account for the transaction fees when depositing. In order to submit an order, you will need to exchange deposited altcoins to BTC.
3. Find a coin you would like to mine from our Getting Started page and ensure you use the 37XX port designed for NiceHash, if you are unsure please get in touch via our Discord Server
4. Save the pool to your list of pools HERE. The algorithm, Stratum, Port, Username (your receiving wallet address for coin being mined plus your workername for eg: NdPeNEN4FSGsYGsT7z5KsDyqnK6QYoyuRj.Worker1x1), Password: x
5. Verify the pool config just added with the pool verificator.
6. Worker = ReplaceWithYourWalletAddressForCoinBeingMined.ReplaceWithYourWorkerId1x1
7. Workers password: x
8. Place a new order on the hash power marketplace (don't forget to select the right algorithm for mining the picked coin, e.g. SHA256 for Digibyte or Peercoin etc). You will be able to select between the EU-WEST, EU-NORTH, USA-WEST and USA-EAST hash power marketplace (each of them has its own prices) and standard or fixed order. When you determine the amount you are willing to spend on the order, this amount is expressed and paid in bitcoins. You pay as you mine, so the unspent bitcoins can stay in your NiceHash wallet or you can withdraw them.
9. Check your Stats on our Pool either under the Miners section or by searching your wallet address for the coin you are mining using the Wallet Lookup tool on the home page or on the coin page. Please note that we are responsible for your mining rewards when blocks are found on our pool not Nicehash (also please don't use your Nicehash deposit addresses to mine please get a fresh receiving address from a wallet for the coin you are mining). NiceHash only guarantees you to deliver hashing power that you purchased with them. If you have any issues please get in touch or ideally before you go ahead so we can confirm everything is set okay for you.
10. Start Mining and good luck! :)
You can buy hash power and start mining any coin you like usingMining Rig Rentals, by following these steps.
1. Register a new account on Mining Rig Rentals
2. Deposit some supported cryptocurrency (BTC, ETH, BCH, LTC or DASH) to your Mining Rig Rentals wallet addresses. Please account for the transaction fees when depositing.
3. Find a coin you would like to mine from our Getting Started page and ensure you use the 37XX port designed for Mining Rig Rentals, if you are unsure please get in touch via our Discord Server
4. Create a new Profile for your chosen coin on our pool HERE. Create a profile name and pick an algorithm. Then Add a New Pool and enter in: Name of Pool, Stratum Address + Port, Workername (your receiving wallet address for coin being mined plus your workername for eg: NdPeNEN4FSGsYGsT7z5KsDyqnK6QYoyuRj.Worker1x1), Password: x
5. Worker = ReplaceWithYourWalletAddressForCoinBeingMined.ReplaceWithYourWorkerId1x1
6. Workers password: x
7. Place a new order using the marketplace (don't forget to select the right algorithm for mining the picked coin, e.g. SHA256 for mining Digibyte or Peercoin etc). You will be able to select between the multiple hashing rentals located around the world (each of them has its own prices). When you determine the amount you are willing to spend on the order, this amount is expressed and paid in either BTC, LTC, ETH, BCH or DASH. You pay as you mine, so the unspent coins can stay in your Mining Rig Rentals wallet or you can withdraw them.
8. Check your Stats on our Pool either under the Miners section or by searching your wallet address for the coin you are mining using the Wallet Lookup tool on the home page or coin page. Please note that we are responsible for your mining rewards when blocks are found on our pool not Mining Rig Rentals (also please don't use your Mining Rig Rentals deposit addresses to mine please get a fresh receiving address from a wallet for the coin you are mining). NiceHash only guarantees you to deliver hashing power that you purchased with them. If you have any issues please get in touch or ideally before you go ahead so we can confirm everything is set okay for you.
9. Start Mining and good luck! :)
1. Register a new account on Mining Rig Rentals
2. Deposit some supported cryptocurrency (BTC, ETH, BCH, LTC or DASH) to your Mining Rig Rentals wallet addresses. Please account for the transaction fees when depositing.
3. Find a coin you would like to mine from our Getting Started page and ensure you use the 37XX port designed for Mining Rig Rentals, if you are unsure please get in touch via our Discord Server
4. Create a new Profile for your chosen coin on our pool HERE. Create a profile name and pick an algorithm. Then Add a New Pool and enter in: Name of Pool, Stratum Address + Port, Workername (your receiving wallet address for coin being mined plus your workername for eg: NdPeNEN4FSGsYGsT7z5KsDyqnK6QYoyuRj.Worker1x1), Password: x
5. Worker = ReplaceWithYourWalletAddressForCoinBeingMined.ReplaceWithYourWorkerId1x1
6. Workers password: x
7. Place a new order using the marketplace (don't forget to select the right algorithm for mining the picked coin, e.g. SHA256 for mining Digibyte or Peercoin etc). You will be able to select between the multiple hashing rentals located around the world (each of them has its own prices). When you determine the amount you are willing to spend on the order, this amount is expressed and paid in either BTC, LTC, ETH, BCH or DASH. You pay as you mine, so the unspent coins can stay in your Mining Rig Rentals wallet or you can withdraw them.
8. Check your Stats on our Pool either under the Miners section or by searching your wallet address for the coin you are mining using the Wallet Lookup tool on the home page or coin page. Please note that we are responsible for your mining rewards when blocks are found on our pool not Mining Rig Rentals (also please don't use your Mining Rig Rentals deposit addresses to mine please get a fresh receiving address from a wallet for the coin you are mining). NiceHash only guarantees you to deliver hashing power that you purchased with them. If you have any issues please get in touch or ideally before you go ahead so we can confirm everything is set okay for you.
9. Start Mining and good luck! :)
Once a miner submits a potential block solution it is first checked against the wallet to see if it is valid, if it isn't it is declined and kicked so it doesnt show in the stats and no
payments will occur for that block as it is invalid and therefore doesnt give out any coins we can pay with. If it is valid it can take a couple of minutes to show in the stats.
Almost all stats on our pool auto update however you can refresh your web browser to see if it is showing . You should see it go into pending where it will then eventually
change to confirmed and an automatic payment will be made to miners that helped find it if it is accepted by the network or if it is orphaned it is pushed out by the network
and again no blocks are awarded and therefore no coins to payout. However all round shares are then automatically moved over to the current round so no mining work is
lost and will count towards the next valid block found. To be extra safe we employ a 15 point check system, what this means is we don't just dump a block on the first failure
to verfify. What we do is keep the potential invalid block on record for the next 15 payment runs to make sure with a check against the network that the block is infact invalid
and only once it has failed 15 times do we kick it. Making sure miners get paid is out top priority.
We recommend that you create new wallet receiving addresses for each of the coins you mine with us that you can then use as your mining username/s, this way you can
differentiate where payments into your wallet come from and label them. You can check using the payments section on each coin pool page, the Payments section on your
worker/miner dashboard and the Payments page for more information. Shares, paid and pending balance can be found on each of the coin pool
page's by clicking your worker address or by searching for it using the lookup tool on the homepage. We have put links up on the Getting Started page as well as each coin
pool page for blockchain explorers but please feel free to use any you wish to look up blocks and transactions etc (just make sure the explorer matches the coin you are
mining to show/return valid results).
Mining effort is the number of submitted hashes divided by the network difficulty. This calculation then provides how much "effort" the pool should provide to "statistically"
find a block. When a pool finds a block with a 1000% effort, it means it took 10 times more hashes than it was "statistically" needed to find it. When a pool finds a block with
a 50% effort, it means it took less than 2 times the amount of hashes to find it.
You can mine securely on any of our coin pools in both our EU, US & SG Regions simply by using the 34XX SSL/TLS PPLNT ports or 36XX SSL/TLS SOLO ports with compatible mining hardware or software. You
may need to change stratum+tcp:// to stratum+ssl:// or stratum+tcps:// in your server address field depending on your mining software or configuration. Please ensure your
setup is compatible as some software/hardware will not support secure connectivity and if this is the case your setup will not connect to us, if this is the case you can use our regular stratum ports.
For most of our ASIC pools CPU and GPU mining is not recommended unless it is a CPU or GPU only coin you are wanting to mine, this is because it is inefficient to mine with
non ASIC hardware in most cases. That being said if you want to play the lottery or just give it a go please head on over to our Getting Started page for Mining Software
Download Links along with connection details and instructions. We have precompiled links to the best miners for all of our pools and have even created a CPU/GPU Mining
Multipack all ready to go for all of our coins for Linux and Windows (Nvidia and AMD GPU's) and CPU's as well. Any issues please get in touch.
Download the Stratum Proxy for Windows or compile from Source for Linux then configure the proxy to point at one of our pools for example dogecoin:
"mining_proxy.exe -o stratum.coinminerz.com -p 3363 -sh 0.0.0.0 -sp 3363" (if you get any firewall prompts allow them through for all networks), then work out your
computers LAN IP address where the proxy is running for example 192.168.1.4, then go to your Getwork style miner and point the pool address and port to your computer
for example: 192.168.1.4:8334 (set your username and password as you would normally) and start mining. What should then happen is your miner will connect to the proxy
on your computer which in turn will translate any old getwork commands into stratum commands our pool will understand and then will start mining. You will see jobs and
activity in the stratum proxy command window and also on your miner as well as our pool stats system. Any issues at all please let us know. Hope this helps anyone with old
miners that show pool as dead or do not connect due to no stratum support and just getwork.
You can see this on each Coin Pool page in the Pending & Confirmed Blocks sections.
We don't like to hold your coins and want to get your mining rewards to you asap. This minimizes risk to you and ourselves and get's whats yours to you quickly! It also
doesn't make us an attractive target to rob. Plus it helps keep ours and your transactions down keeping the wallets happy. Once your balance reaches over 1 and has been fully confirmed by the coin network
it will then be processed by our payment system that runs every 30 minutes. You can also customize your minimum payout amount as well as setting a date and time you would prefer your payments as well.
Without going into too much detail for security we use the latest NVMe SSD Intel Enterprise grade servers purely running Linux with no Windows involved at all with 1GB unlimited internet
connections with backup power, multiple failover internet access and DOS protection for our pool front end and all stratum functions.
You can use each of our coin pool pages to check payments, pending confirmations and much more etc. We also have a payments page and links to block explorers and you can also find any pending or recently found blocks and payments
under your worker/miner dashboard.
Finding blocks is not an easy task since it can take a really long time with some coins dependant on network hashrate versus the pool, finding a block is broken down into shares. Depending on which port your using each share can be a certain difficulty. The more difficult each share is to find by miners, the fewer total shares are required to eventually find a block. On the pool side, each share is checked against the coin daemon (a pool side wallet with more features) if it is indeed a valid block solution. Every share computed has the potential to be a block solution. Keep in mind shares are not blocks. Shares are part of a block and will count towards the block payout. At times, you will see shares being rejected by the pool. This can happen if you try to send an outdated share right after a block was found. Stratum, a protocol used by a miner to request work from the pool is used for share submissions and getting new work. It is very solid when it comes to avoiding rejects but they can still happen once in a while. If you are seeing rejects all the time, then something is not working right on your end. You may also notice that your hashrate on the pool website is not increasing while your invalid share count keeps climbing up. In that case turn off your miner, check your settings and turn back on. Also note that you can also get a lot of rejected shares if you are overclocking your mining voltage or frequency too high or the devices are too hot to function reliably.
Many miners have inquired about what VARDIFF means. VARDIFF stands for Variable Difficulty. Simply put the pool monitors the power of your mining rig and adjusts the difficulty of work sent to it to optimize the work carried out. This reduces the amount of times your miner needs to get new work from the server reducing load and reducing the time it takes to get more work. This is also good for the pool as it reduces the amount of requests being sent to the pool, this allows the pool to scale as and when needed.
The balance owing shows the value of coins that have been found in mined blocks awaiting confirmation by the coin network. The paid balance shows everything the pool has paid to the address in question to date (historically).
We only pay miners once a block has been found and confirmed by the coin network and the miner has accumulated enough shares to hit the 1 automatic threshold. We do not pay miners for their time mining if a block has not been found. All shares add up so once a block is found your payout will be based on this. If under the threshold it will show as your Balance Owing and will require doing more mining to increase shares and in turn the balance to hit the payout amount of 1. Remember we are a PPLNT and SOLO only pool NOT a PPS - Pay Per Share pool.
If you contact us via Discord and no payment's have gone out to an invalid address we can alter your mining address round shares are stored against in our database if you can prove your the owner so you get the rewards. If payments have gone out sadly they cannot be reversed. It is your responsibility to ensure you have configured your miner correctly.
Yes, it is completely normal. The mining pool monitors the work you are sending to us and if it feels you are sending work too fast or too slow it will Retarget your difficulty to best serve your miner at that time. This process is continual. Your hashrate can also move about a lot depending on which algorithm you are mining, some coins are multi ago so at points in the hashing process some sub algorithms are easier to mine than others in the sequence.
Make sure your wallet address your using to mine is correct and it matches the coin you are mining (we do not merge mine at the moment or auto convert, committed payments cannot be undone/reversed), also ensure that your wallet is up to date and completely synced with the network as if it is out of date/sync the inbound payment will not show up until it is fully synced. Whilst you are waiting for your wallet to sync you can check out your balance using a block explorer for the coin you have been mining (if the block or transaction has only just been made please allow 5-10 mins depending on the sync speed of the explorer you are using before trying to view it, some are way faster than others!). We provide links to block explorers on our getting started and coin pool pages, once loaded simply search your receiving address you used to mine and you will see your current balance and transaction history. Also a lot of exchanges do not support mining directly to their wallets so please use an official wallet or at least check their terms or create a support ticket to find out so you don't lose any funds that way.
The pool can show as dead for a few reasons normally it's because the stratum address/port is incorrectly configured, the miner username.workername is invalid (wallet address has to be for the coin you are mining and your workername must not contain any special characters and only use a to Z and 0 to 9) or your IP has been temporarily banned by our servers, there can be internet or ISP routing/blocking issues preventing communication between your miner/s and our pools or sometimes the miner just needs rebooting or your internet router as well. If you are using an old Getwork style miner that doesn't support Stratum protocol you can use a Stratum Proxy on your computer to convert getwork jobs to stratum allowing your miner to connect. (Please see "How can I mine with my old Getwork Miners that don't support Stratum Protocol"). In very rare instances we might have unexpected downtime or emergency maintenance, planned maintenance will always be announced. Any issues please let us know and we can assist.
Remember you are mining with every other miner around the world so you have to compare your hashrate against the hashpower of the pool and then the whole coin network/other big pools. A pool with a lot of hashpower compared to the rest of the pools will stand a higher chance of finding more blocks. Just remember that a pool with over 51% of the network total hashpower is not a good place to be as it destabalizes the network and allows a pool to own it unfairly. Mining is also luck based so it is always possible to find a block with lower power the chances are just slimmer and may take longer to find as opposed to using more higher power equipment.
First of all make sure that your wallet has been encrypted with a pass phrase that only you know and that the password is kept somewhere safe ideally split into different sections or purely memorised in your head, then for an additional layer of security encrypt your wallet.dat file using cryptographic compression software and finally store this file on an encrypted USB drive and then in a decent safe. Most importantly use a different password at each stage and use dice based passwords to make it harder to decrypt. Then don't keep these passwords written down in one place otherwise it will defeat the whole purpose if they are found, work passwords into paragraphs, use stenography, hide them in picture files but seperated and never whole. Or have then written down ciphered and seperated and stored in different locations. Also make sure you do every stage of encryption completely disconnected from the internet. All depends how far you want to go there are so many other ways :) Don't tell people how many coins you have or what kind as you can become a target. Ideally use a cold storage wallet to make sure it isn't connected to the internet to lessen the attack surface for someone trying to get your coins.
If you are using a full node wallet the best way to sync it up is to find the bootstrap.dat file which can be placed in the same folder as your wallet.dat file for the coin being mined. This essentially is a partial part of the blockchain of the wallet being used and saves having to download everything from scratch and will give you a head start syncing up with the network. A great place to find these are here at CryptoChainer.com Please also note that you can get mobile and leightweight wallets that don't need to sync as they work a slightly different way. If you can it's always best to try and get a cold storage wallet. A cold storage wallet is normally a device similar to a USB drive however it isnt connected to the internet so there is less chance of your coins being stolen or accessed by someone else.
Should you need to you can trade any coins you have mined using online crypto exchange sites. These will allow you to buy and sell coins, tokens or fiat currency. Our general rule of thumb is HODL!!
The best thing to do is either invest in newer mining equipment and or scale your mining operations or rent mining power from a cloud hashing provider.
Yes you can, to use worker names simply add a dot and a name directly after your wallet address you use as your username. For example Ez9W6kynbv4FqftQY537bHEXGCDs8vppdC.Worker1 Please ensure you use a matching coin address for the pool being used otherwise your worker won't authenticate and won't generate shares to get a payout.
Yes we are constantly reviewing all of the mainstream and altcoins that are available and will be adding new coins as we go forward. You can also put forward suggestions using our Discord server.
Every time a new block is found your previous round shares for that coin are assoicated with that block until it is confirmed. In turn this resets your share total to reflect how many shares you have in the current round against the next block found. If it is made invalid or orphaned your round shares are moved over to the current round so no shares are lost.
From smallest to largest: H - Hash, KH - Kilohash, MH - Megahash, GH - Gigahash, TH - Terrahash, PH - Petahash, EH - Exahash
CPU and GPU mining for the majority of the coins we host isn't as efficient as a more powerful ASIC "Application Specific Intergrated Circuit" miner purely to mine one algorithm. You can still mine with your CPU or GPU you will just get less shares and may have to wait longer for them to accumulate to hit the 1 minimum balance for a payout. Each time a block is found and is pending the payment system checks every 30 mins and will update your Immature Balance for anything amounts waiting on blocks to be confirmed, Pending Balance for anything below the auto 1 or your custom payout threshold or Total Paid for anything that has been sent.
We offer Solo mining on all of our pools. To solo mine just use the correct SOLO port for the coin you want to mine. You will receive 99% of the block rewards and we retain 1% and it is shared with no one else. You find it you get it! It doesn't matter about how many shares in SOLO mode it's all about if you find a block or not. If you want to be sure your miner is hashing okay just check your miner software or interface. Any concerns please get in touch and we will be happy to help!
Please allow a couple of minutes after your miner has started mining to see it appear on the workers page, then try a page refresh. If it still doesn't appear check your mining address, pool address, port and make sure it is mining on our pool and not a secondary or tertiary. Also double check your wallet address you are using as your username. You can set custom payouts using the web form on your miner page or by using this in your password field (pl=300) This would set 300 as your minimum payout. Your miner/worker will only show up on our dashboard after 1-2 mins after we receive a valid accepted shares from you. Workers connected and mining that have not submitted any valid shares, have large time gaps inbetween accepted shares or blocks will not show as we only list active miners submitting valid shares and blocks. VERY IMPORTANT - If you are mining a coin that has more than 1 Algorithm please ensure you use a unique wallet address for each algo type you are mining otherwise only 1 algo pool set of data will load when you lookup your address, as our pool stats systems works on a unique address per pool even if it's the same coin. Once corrected you will be able to lookup each of your addresses and associated workers mining on them using the worker dashboard. Any issues please get in touch via Discord for support and we will be happy to help!
No we do not and don't ever intend to add CPU/GPU based browser mining. When seaching for CoinMinerz.com online you can find a lot of old negative reviews on the domain. Rest assured this happened when it was under different ownership before we brought the domain to use for a mining pool. Since we have had ownership of the domain we have not and will not employ that mining technique. We are also actively approaching sites to make sure they know we are now safe so we can be removed from blacklists etc. You are also welcome to conduct your own code review of our site to make sure yourself or get someone that knows how to.
CoinMinerz (Mining Pool Help & Support, Feature Requests, Coin Additions & Issue Reporting) - Contact us and our CoinMinerz community via Discord - Normal response within 24 hours max but generally within an hour or so.
The way ASICBOOST/Multimining Version works is difficult to explain without getting too technical. It is safe to say the technology allows miners to reduce the number of potential hashes required to solve a network block, resulting in increased efficiency. This results in making mining more profitable for anyone who has access to this technology in the first place. Not only does ASICBOOST improve the dollar per second earnings, but it also reduces the energy consumption required to achieve the increased profitability. We have enabled ASIC Boost on all SHA256 pools other than LitecoinCash that has disabled the functionality.
No we only offer PPLNT mining for all of our coins. You get a bigger portion of the block reward if you have a larger amount of shares compared to all other miners mining the same coin in the same round. We do have solo mining available if that is of interest.
Not at present however we have created the underlying functionality in our pool system ready for when we do add it. Watch this space :)
We grab your miners software/hardware ID that it gives our pool when it connects and authorises so you can see what version it is running in our stats.
No you only get paid for the currency you are mining
If this happens please let us know via Discord and we will update and fix the dead links.
We support P2PKH(Legacy), P2SH & Bech32 addresses
To set a custom payout amount for your miner/worker go to your miner address stats page and click go to the Custom Payout section and click the button to open the form. Then enter in your WAN IP address your mining equipment is running from and use the slider or by using this in your password field (pl=300) This would set 300 as your minimum payout. if you accept the risk of setting a higher payout threshold than the default please click Understood. So once your balance reaches this threshold it will payout in the next payment run. To remove and set back to the pool default of 1 simply open the form again (drag slider), enter your WAN IP address and click understood. This will mean any workers accumlative balances connected to the wallet address being set will payout at that amount once the balance is reached every 30 minutes. Any trouble please get in touch via our Discord server. Thanks!
To set a custom static difficulty for your miner/worker instead of x being your password put in d=x where x is the static difficulty you want to use (For example d=8). Remember you set this at your own risk, in most situations it is best to allow VARDIFF which is active on all our stratums to handle the difficulty for you and auto adjust to get the best amount of work back and forth. Less higher difficulty shares are always better weighted than low difficulty shares. Thanks!
PPLNT means Pay-Per-Last-N-Time (where as PPLNS is Share), it uses specific amount of round time. On CM its 51% of round time, so as long as you are mining 51% or more of the round time, all your shares by you will be paid. If less than 51% of round time your paid shares numbers will be reduced.
If time mining >= 51% of the max:
reward = (shares / total shares) * (block reward + fees)
Otherwise:
reward = ((1 - (time / max time)) * shares) / total shares) * (block reward + fees)
If time mining >= 51% of the max:
reward = (shares / total shares) * (block reward + fees)
Otherwise:
reward = ((1 - (time / max time)) * shares) / total shares) * (block reward + fees)
To set a custom starting difficulty for your miner/worker instead of x being your password put in sd=x where x is the static difficulty you want to use (For example d=128). Remember you set this at your own risk, in most situations it is best to allow VARDIFF which is active on all our stratums to handle the difficulty for you and auto adjust to get the best amount of work back and forth. Less higher difficulty shares are always better weighted than low difficulty shares. Thanks!
Yes you can Party mine on all of our pools with your friends. To Party Mine make sure you are mining on a Pool/PPLNT port and use this in your password field: party=yourpartyname replace yourpartyname with the name of the party you wish to create or join. To view Party Mode stats go to the coin pool's dashboard you are mining on and then click View Party on the Link Bar and enter in your party name to load stats. Thanks!
To hide your location flag from appearing in stats on the website please either use your settings on your worker dashboard or by using the password field configuration of your miner/software: hide=true Thanks!
To get a mining wallet address you can either use our Paper Wallet Generator or you can download a core wallet for the coin you want to mine and get or generate an address there you can use to mine. Thanks!