List of Mining Pools¶
Unless you want to solo mine, which is unfeasible for many people, you will need a pool to mine towards. Make sure to choose the one closest to you!
Here are some of the TurtleCoin mining pools (arranged alphabetically):
|Pool Name||Total Fee and Method||Min. Payout||Location||Notes|
|CryptoNote Social||0%, (Proportional)||0 TRTL(anything higher than transaction fee)||California||No payments page Read
|Funky Penguin NZ||0.0987654321%, Proportional||1000 TRTL||New Zealand||-|
|Mine2Gether||0.1%, Proportional||500 TRTL||Germany||-|
|MineTRTL||0.1%, Proportional||500 TRTL||New York||No HTTPS|
|TRTL Cryptohispano||1%, Proportional||500 TRTL||Spain||Customer support in Spanish|
|TRTL Ninja||0.1%, Proportional||100 TRTL||France||-|
|TRTL POOL PARTY||0.05%, Proportional||500 TRTL||Multi-Regional||Disable ad-block, interferes with stats tracker|
|Turtle CryptoAsiaPool||0%||100 TRTL||Asia||No HTTPS|
|TurtleCoin CryptoPool||0.1%, PPLNS||Wallet: 100 TRTL
Exchange: 500 TRTL
|St. Ghislain / Belgium||Supports XMRIG-Proxy|
|Turtle Miners Club||1%, Proportional||500 TRTL||USA||No HTTPS|
|Turtle MiningGarden||0.01%, Proportional||100 TRTL||Germany||-|
|TurtlePool Space, EU||0.1%, Proportional||1000 TRTL||London||-|
|TurtlePool Space, HK||0.1%, Proportional||1000 TRTL||Hong Kong||-|
Definition of Fees¶
Rather simple; the pool operator will take a percentage of the reward of the block found for himself.
- the fee is 0.1%
- the block reward is 30000 TRTL
- 30000 x 0.1% = 30
Therefore, the pool operator will take 30 TRTL for himself.
Definition of Different Types of Methods¶
A proportional pool carries no risk to the pool operator as miners are simply paid out when a block is found. No blocks, no payout!
With a proportional pool the risk is all on the miners if it takes longer than expected to find a block then the miners earn less. On the flip side, if the pool is lucky (they will all average out the same eventually) the miners get more.
- A block is found after 100,000 shares
- You submitted 1,000 of those shares (you have 1% of the pool's total hash power)
- There’s 30000 TRTL per block
Quite simply you will get 1% of the block = 300 TRTL.
Now if the pool has a bad round (a round is the time taken to find a block) and it takes 200,000 shares to find a block (twice as long) and you have submitted 2,000 shares (as you’ve been mining twice as long), you still only get 1% of the block = 300 TRTL
This can also work in the miners favor too, as if it takes half the time (50,000 shares) to find a block and you submitted only 500 shares - again 1% - 300 TRTL.
Basically, you always get a percentage of the block and you win/lose depending on the “luck” of the pool.
The drawbacks to a proportional pool are that there is often a fee although some pool operators rely on donations only and you will have to bear the variance of the block times and luck unlike a PPLNS pool.
Also they are susceptible to “pool hoppers” where PPLNS pools are not.
PPLNS (Pay Per Last n Shares)¶
PPLNS does not pay out per block found, rather it pays based on the number of shares you last submitted, and helps to dissuade pool hoppers.
How it works is,
- you start mining with a PPLNS pool.
- Rather than paying you out based on the number of shares you submitted since you started mining/the last block was found, it will pay depending on how many shares you submitted in a period of time, called the window, which is an estimate of the time in which the pool in question finds a block.
- So, after you start mining, it will take a few hours for you to earn your normal earnings - and since the effect of pool hoppers is lessened, you may make comparatively more than other methods.
Basically, you get paid based on
- the number of shares you submitted (how good what you're mining with is)
- and how long you have been mining.