Posted on: 21. March 2018

Pool Mining

# Provider of the Month - Passive income through Masternodes
The GetNode Club offers its members a stake in the only ever Masternode pool. to the provider - (https://www.getnode.io).

What is Pool Mining?

In the context of mining a cryptocurrency, pool mining is when different miners combine their computing capacity to gain a greater chance of succeeding in completing blocks. Here, the reward is divided fairly among the different members depending on the work done.

One share is also offered to only one miner who has actively participated in solving the problem. Mining in a mining pool is a relatively new approach as it represents the evolution of cryptocurrency mining.

In particular, due to the increasing difficulty in mining, pool mining is gaining traction as a legitimate mining strategy among the various market participants. At the present time, it may take years for slow miners to complete a block, but by combining computing power, even a slow miner can contribute to successful completion and benefit from a constant yet small reward.

In particular, profitability should be taken into account, which is higher for pool mining. In particular, the constant distribution of premiums serves to amortize acquisition and maintenance costs.

How are the Scrap Tokens Shared Among Users?

There are different approaches to pool mining. The pay-per-share approach means an immediate and guaranteed payout after the successful completion of a block. Miners are rewarded by the pool's existing income and can request a withdrawal immediately.

In addition, most risks are transferred to the owner of the pool. Another tactic is the proportional mining approach. Here, miners receive a reward after the completion of the block. However, this depends on their individual performance provided. Furthermore, the geometric, the double geometric and the pay-per-last N-shares methods are used.


Passive income through Masternodes
Editor's recommendation: The Masternode Pool Club GetNode is the only provider of its kind. GetNode allows its members to participate in a unique masternode pool that is already over 100 Bitcoin in size. Through active management of the pool and constant purchase of new masters, GetNode has achieved very good results. So who ever wanted a passive income through Masternodes , here is the change. With a minimum of 1000 Euro or 0.2 Bitcoin a quick start is possible. The deposit can be made via Bitcoin or Euro. The payment is made automatically every two weeks via Bitcoin. We are even invested in GetNode with 1.2 Bitcoin and so far we are very satisfied with the results.

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