Solo Mining Pools – Gambling for the 21st Century

In many countries, gambling is prohibited forcing those who want to catch their bluebird of happiness to go abroad or to select areas and visit casinos and slot halls.

It just happens to be that mining is also a sort of casino, in its own way. And we will tell you why. The GPU miner rigs or ASIC devices of one miner are going through billions of combinations searching for the desired block solution. The moment fortune smiles at him and one of his devices find the right solution of the block; the miner gets the reward.
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How the Mining Pool Works: PPLNS vs. SOLO

Let’s make it clear what mining is and how the mining pool works. We will try to explain it in a simple “For Dummies” way.

Cryptocurrencies run on blockchains. A Blockchain is a sequence of blocks. Each new block is a piece of data. It contains information about the transactions accomplished within the last minutes or seconds (conditionally).

Each new block contains a “puzzle” based on the data from a previous block. This irreversibility makes the blockchain special. Continue reading “How the Mining Pool Works: PPLNS vs. SOLO”