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Home » Mining Pools Explained – Dashboard, Payment Structures & More | Ft. Flexpool

Mining Pools Explained – Dashboard, Payment Structures & More | Ft. Flexpool



In this video, I talk about mining pools, mining pools, and more mining pools. It is a topic that we never really get into details with but now after this video, you should be all set and ready to pick a pool and get going.

Thank you Alex for taking part in this video!

⌚ Timestamps:
00:00 – Intro
00:54 – Overview
02:08 – Alex From Flexpool
02:17 – Alex: Reward Systems (PPS vs PPLNS)
03:34 – Alex: What Are Shares?
04:21 – Alex: Miners Transactions Payout Fees’ Policies
05:13 – Recap & Choosing the right Pool
05:42 – Mining Pool Server Region
07:18 – Choosing A Pool Based On Your Hashrate
09:42 – Understanding Your Pools’ Dashboard
15:07 – Wrap-up
15:34 – Outro

⭐ Cryptocurrency Mining For Dummies: https://youtu.be/8dAWgnmgcso
⭐ Overclocking & BIOS Modding Guide: https://youtu.be/3EFf3mvEk7o
⭐ Phoenixminer Guide: https://youtu.be/6K0tgwEuMYI
⭐ Flexpool: https://flexpool.io/en/

🔗 Links & Resources:
• SerpentXSF Video on Mining Pools: https://youtu.be/5w5_CfwPfX0
• MiningPoolStats: https://miningpoolstats.stream/

🏬 Places to buy Hardware from: https://miningchamber.com/stores
💻 Mining Software, Wallets, and Exchanges: https://miningchamber.com/platforms
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🔥 Our Recommended GPUs – Ranked in order
[Check your local market apps for better deals!] – (Offer ups, letgo, Kijiji, Craigslist, etc.)
🟢 RTX 3060 TI | On Amazon | https://geni.us/PJ8kG
🟢 RTX 3080 | On Amazon | https://geni.us/AWiwdnC
🟢 RTX 3070 | On Amazon | https://geni.us/6q2IWAG
🟢 GTX 1660 Super | On Amazon | https://geni.us/k2G0ytP
🔴 RX 5700 XT | On Amazon | https://geni.us/LpPDYa
🔴 RX 5600 XT | On Amazon | https://geni.us/w9CmpF
🔴 RX 5500 XT 8 GB | On Amazon | https://geni.us/Vrxg
🔴 RX 6800 XT | On Amazon | https://geni.us/fpff
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47 thoughts on “Mining Pools Explained – Dashboard, Payment Structures & More | Ft. Flexpool”

  1. EDIT 2: I made a full written guide with more up to date information that you can find here: https://miningchamber.com/gpu-mining/guides/mining-pools-explained/
    EDIT: I have added subtitles with the accurate words for both parts so please feel free to use the subtitles if you can't understand it clearly!

    You have addressed your opinions and I have listened. I apologize for the part of Alex being hard to understand due to the accent. I did not think much of it since I am thankful that he was willing to explain it to us but yes, I agree, it should be clear so that everyone can understand it. I will make the second part of this video with me going over the technicals based on what I learned from Alex. Thank you guys for your honesty <3 As for now, feel free to check from the recap at 05:13 if you can't understand Alex's part.

    I also forgot to select the giveaway winners, disappointing — Big FACEPALM. Selecting in the next video coming out this week, very, very sorry guys <3 https://www.youtube.com/post/UgxKailFyHQhnxUnIYB4AaABCQ

    Saying it not before I have to say it later > I will never tell you to contact me on Whatsapp or anything like that. Be aware of the impostors/scams!

  2. So I have an Rx 590 8GB GPU. I get about 31 Mh/s on phoenix miner with Ethermine as my pool. With 31 Mh/s with my memory clock at 2250 should I use ethermine or a different pool?

  3. CUDA version: 11.0, CUDA runtime: 8.0
    No OpenCL platforms found
    Available GPUs for mining:
    GPU1: NVIDIA GeForce GTX 1060 6GB (pcie 1), CUDA cap. 6.1, 6 GB VRAM, 10 CUs

    D:CRYPTOPhoenixMiner_5.6d_WindowsPhoenixMiner_5.6d_Windows>pause
    Press any key to continue . . .
    Please Help

  4. I just started about 8 days ago and have tried Ethermine, NiceHash and Flexpool. I am around 170 mh/s with a 3090 and a laptop 3070 which gets 50 mh/s surprisingly. So far I found Flexpool to be by and far the best of them. NiceHash is ez but takes a huge cut, Ethermine is super slow on updates. I’m not 100% concerned with the fees, would they really be that big of a difference? Am I losing money by having 0.1 payout on Flexpool? Or is it such a small amount that it doesn’t matter? Sorry for all this LOL

  5. Jesus Christ GUYS!!! SLOW DOWN PLEASE….. This is impossible to follow!
    A few tips:
    1) Add three seconds of SILENCE behind every spoken sentence.
    2) Improve your intonation.
    3) Clarify the graphics that are displayed.

  6. So, I have a question… Since Alex said that the only difference between higher and lower difficulty is the time consumtion, should I only mined in lower difficulity pool in order to get better amount of share?

  7. There was something I didn't quite get there. Are you guys saying if you are mining under 500MH/sec that you don't get penalized the transaction fee for taking the lowest payout possible? Right now I tend to take .1MH/sec because of the fee over .05MH. Could I take the .05MH and not be paying the fee anyhow?

  8. hi, i have just started in this world and by now i only have my pc with 1 nvidia 1060 at 22.5 rate…which pool is good for begin ?? at the moment i usually set my pc on only about 6-7 hours at day. Thanks in advance.

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  10. This is intriguing some can afford to say out that they have less information on something than other this is they right pass to be cause at least am certain to a point that he is great in a way of great help to of us

  11. Thanks for making this, as a complete noob, this is gold for me… What I haven't been able to understand, is if the pool's rate has any effect on my local rate i.e.: If the pool goes lower, does mine lower too?… If not, why do we get pool's rate? what do we do with this info?

  12. Everyone should keep an eye on the price of $BSCS, currently it has a very good price to invest, especially investors in staking- farming should consider

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