What is bitcoin pooled mining
GM was invented by Meni Rosenfeld. Miners are paid out from the pool's existing balance and can withdraw their payout immediately. Retrieved 7 January Archived from the original on 1 December Proof-of-authority Proof-of-space Proof-of-stake proof-of-work.
List of historical currencies Barter Alternative currency Flex dollar Loyalty program Smart contract. Unsourced material may be challenged and removed. Bitcoin Pooled mining BPMalso known as "slush's system", due to its first use on a pool called "slush's pool', uses a system where older shares from the beginning of a block round are given less weight what is bitcoin pooled mining more recent shares.
Unsourced material may be challenged and removed. Archived from the original on In other words, all shares are equal, but its cost is calculated only in the end of a round.
Webarchive template wayback links Articles needing additional references from June All articles needing additional references All articles with unsourced statements Articles with unsourced statements from February Retrieved 7 January IO Gridcoin Nxt Waves. Proof-of-authority Proof-of-space Proof-of-stake proof-of-work. Archived PDF from the original on
This article needs additional citations for verification. This model allows for the least possible variance in payment for miners while also transferring much of the risk to the pool's operator. From Wikipedia, the free encyclopedia.