Topic: The mining pool dangers when mining ethhash altcoins - Things to look out for. (Read 165 times)

We feel the awareness and understanding and information given to new miners are somewhat lacking out there.
Pretty much like when we started nearly half a year ago, we could everywhere find info on how to get us going, but not so much on what to look out for when we were choosing and mining on a pool.
Most of it was guides like, download this, copy this bat file, mine on one of these mega pools, sit back and relax.

After a while like any other miner i guess you start looking out for something more than just mining Ethereum, the smaller newer coins, in a hope to hit it big some day, you again go to a big pool because that's what you have been taught, you ain't got time for those 12h between block pools, you need instant satisfaction, you need to see those little awards come in, and you are happy, your'e making money, got to a big known pool, sit back and relax.

Youre doing the calculator, youre supposed to make x amount on 24h, its a bit lower than that, maybe much lower, you ask around, are being told its the difficultly, it because the mining calculators are wrong, its bad luck its bitmain asics, whatever, you believe it, continue on, not much you can do.

This article started by 5 of us finding it odd we all would make such crappy rewards on minerpool that we should have had, it could easily have been another big pool for altcoins, but for us it was minerpool, it was big, had a lot of miners, and instantly you could see you were making money.
We didn't even understand then that a big pool were hitting blocks within so short of a time our miners wouldn't even manage to get a share in before the block was found and a new round was started.
We sat up our own and started mining, and that is when we actually started to get the rewards we deserved and calculated, this is when we started looking closer, why is it so?

This article, who is actively updated will explain some of the things you should look out for when you start to delve into the world of newer smaller alts.

And i need to mention, minerpool is just used as an example for what to look for in the pool you mine at.
This is absolutely not FUD, we have no intention of making any money on this, we couldn't care less, we know what to look for when we go out there mining for a coin, should it be ethash or any other algo,
we just want more of you miners to do the same and get the rewards you deserve for the work you contribute.

https://docs.google.com/document/d/1hxZtTRsXLwwVo0dux05uz3GcyXlc7Q9tTMICGUU5CpU/edit#heading=h.i2citbp4y87b