A mining pool is a collaborative effort where miners combine computing power to enhance their chances of discovering new blocks and earning rewards. Rewards are distributed based on members' contributions to the pool's hash rate, representing the collective computing power for solving cryptographic puzzles and validating transactions.
What is F2pool?
F2pool stands as a global cryptocurrency mining pool, catering to over 40 proof-of-work networks, including Bitcoin, Litecoin, Ethereum, and Monero. Established in 2013, F2pool has evolved into one of the world's largest and most reliable mining pools. With servers spanning Asia, North America, Europe, Africa, and Latin America, F2pool ensures low latency and high availability for miners worldwide. The mining pool offers a user-friendly mobile app, enabling miners to monitor key metrics like hashrate, revenue, workers, and payouts from anywhere.
Payout Schemes at F2pool:
F2pool employs two distinct payout schemes:
- FPPS (Full Pay Per Share): Pays miners for every valid share submitted, irrespective of whether the pool discovers a block or not. FPPS includes transaction fees and merged mining rewards in the reward calculation.
- PPLNS (Pay Per Last N Shares): Pays miners when the pool finds a block, based on the number of shares submitted within a specified time before block discovery. PPLNS offers variability but can result in higher rewards during fortunate pool events.
F2pool charges a 4% fee for FPPS and a 2% fee for PPLNS. The minimum payout threshold varies by cryptocurrency, ensuring frequent payouts. Multiple payment methods, including BTC, USDT, ETH, and LTC, are supported.
Joining F2pool:
To join F2pool and engage in cryptocurrency mining, miners need basic equipment and software. Depending on the target cryptocurrency, a GPU rig or ASIC miner is required. Miners must download mining software supporting the chosen algorithm and configure it with F2pool account details. F2pool's website provides detailed tutorials and popular miners for each cryptocurrency.
F2pool is an ideal choice for secure, stable, and profitable cryptocurrency mining. Joining F2pool means becoming part of a global mining community, benefiting from advanced technology, professional service, and transparent operations. The pool's commitment to security, stability, and profitability makes it a preferred choice for miners worldwide.