A mining pool is a group of computers, working together to mine a crypto currency. The way they payout for the group effort varies – see this good article from Minerstat on the different pool reward schemes…
To see what pools are available for the currency you want to mine click the Coins button in the Finance section from the Minerstat user area.
Finding what Coins are available in Minerstat
Minerstat will bring up a list of the coins available for mining on their platform. Find the coin you are interested in and click on it.
When you click the coin, it will enter the Mining Calculator for the coin.
Click the Pools tab.
Connecting Directly with a Mining Pool
The page will display a list of some of the popular pools for mining the currency. A Google search of any of the names will bring you the pool’s webpage. The pool’s webpage is vital to checking your active mining statistics. Minerstat will tell you that you are mining if the program is running. Without confirming the action on the pool’s website, it is easy to miss details and ultimately not be mining into your wallet.
Each pool has different payout schedules, rates, and reward schemes. All of the details for the pool should be on their website. Once you start mining, it is important to check your wallet address on the pool webpage. It will tell you what your unpaid balance is, when you can expect it to transfer to your wallet, statistics on your GPU, and mining efforts, as well as information on the pool.
Our example laptop is running on Bitfly’s ETC pool, and its dashboard is accessed via etc.ethermine.org
Worth noting, our pool is not one that is already listed on Minerstat. There are many pools out there, each with its different payouts and fees. Picking a pool is just as controversial as picking a currency. There is no one right answer. There is only the answer you decide to stick with. We’re constantly testing pools, tuning cards, changing fan settings, reading more articles, and watching more videos.