The percentage a mining pool charges from mining rewards for operating the pool infrastructure. Typical fees range 1-3%. Lower fees mean more earnings for miners but may indicate less reliable service.
The percentage a mining pool charges from mining rewards for operating the pool infrastructure.
Typical fees range 1-3%.
Lower fees mean more earnings for miners but may indicate less reliable service.
This mining concept is essential for understanding how proof-of-work blockchains secure transactions and create new coins. Important for miners evaluating profitability and hardware decisions.