Mining Pools. General information

⚠️ Disclaimer

This article is for informational purposes and is not investment advice, financial guidance, or a call to participate in mining. All decisions about joining mining pools, renting equipment, and using funds are made by the user independently and at their own risk.

The authors of the knowledge base are not responsible for possible financial losses, technical risks, or actions of third parties.

General information

Mining pool β€” is an association of participants who combine funds and computing power to participate in mining on the Gonka network.

The main idea is simple: instead of each participant mining alone, resources are pooled and the rewards earned are distributed among participants according to pre-agreed rules.


πŸŽ₯ Video review

For a clearer understanding of the topic you can watch the video:

The video examines some of the existing mining pools.


Classification of mining pools

πŸ‘₯ By number of participants in the pool

  1. Individual pool β€” one participant; the entire server and all rewards belong to them.

  2. Group pool β€” multiple participants; the server cost and rewards are shared among them.


πŸ‘› By the wallet to which rewards are mined

Mining pools can operate under different schemes:

  1. To the participant's wallet β€” each miner directs rewards to their own address;

  2. To the pool organizer's wallet β€” rewards are collected centrally and then distributed among participants.

The choice of scheme depends on the pool's architecture, level of trust, tools used, and the Investor's knowledge and skills.

chevron-rightNotes: 1. Mining to your own wallet is generally considered safer. 2. Infrom Instructionarrow-up-righton how to set up a wallet for mining. It is not very simple.hashtag


πŸ“… Oabout rental periods

  • a few days,

  • a week,

  • a month

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With long rental periods, as the total network weight increases, rewards at the end of the period may differ significantly from rewards at the beginning. In such conditions it is more profitable to participate in pools with shorter periods.


πŸ“Š List of mining pools

Name
Description

One of the first mining pools. They rent bare-metal servers with 8Γ—H100 GPUs. There is a referral program.

A young pool with an interesting Telegram app. An unusual participation system where you buy a share in an existing pool. Short mining periods.

A pool organized by crypto influencer Dashi Eshiev and his team. They initially mined only for themselves, then started serving the community. There is a convenient and functional personal dashboard. Daily calculation of the cost of 1 GNK for Investors is provided.

The organizer is an active member of the Gonka Discord community. Functional website. Referral program. Responsive support via Telegram.

They have an insurance fund of 10%. Deposits are made in USDC on the Base network.

Telegram app developers created a wallet for mining GNK. You can also buy GNK there.

A full legal contract with a company in the UAE. Guaranteed rewards. Payments via cryptocurrency, SWIFT transfer, and bank cards.

A mining pool with MLM mechanics.

A mining pool with MLM mechanics.

They mine for themselves and are ready to help you mine as well.

Equipment providers. They also offer services for node setup and GNK mining.


πŸ“˜ What’s next

This article is a general introduction. Further, the knowledge base will publish separate articles on each mining pool with detailed coverage of:

  • terms,

  • pros and cons,

  • participation specifics,

  • expected profitability

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