🟠 What reward method pays based on the last submitted shares?

👉 PPLNS (Pay Per Last N Shares)

PPLNS is a mining pool reward system that distributes block rewards based on the last N valid shares submitted before a block is found. This model rewards consistent miners and helps discourage pool hopping.

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🫶 What payout model includes both block rewards and transaction fees?

👉 FPPS (Full Pay Per Share)

FPPS is a mining pool payout model that pays miners for every valid share they submit. Unlike standard PPS, it also includes a portion of transaction fees, giving miners a more stable and predictable income.

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🟠 What payout model splits rewards proportionally by submitted shares?

👉 PROP (Proportional Reward)

PROP is a mining pool payout method where block rewards are divided among miners based on the number of valid shares they submitted during the current mining round.

The more shares you contribute, the larger your reward when the pool finds a block.

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🫶 How Realistic Is It to Mine a Bitcoin Block Solo?

This week, luck smiled on the owner of a small Bitaxe miner: they successfully mined a Bitcoin block on their own and earned 3.1382 BTC (around $200,000).

Sounds inspiring? It is – but there's a catch. 🧐

☝️ This is far more like winning the crypto lottery than something that happens regularly. That's why most miners join mining pools, where block rewards are shared among participants based on the computing power they contribute.

🤑 The payouts are much smaller, but they're also far more consistent.

In mining, just like in life, luck matters. But over the long run, a solid strategy almost always beats pure chance.

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👾 What is the smallest amount a pool will send to a miner called?

👉 Minimum Payout

A Minimum Payout is the smallest balance a miner must accumulate before a mining pool automatically sends the earned cryptocurrency to their wallet. This helps reduce transaction fees and network congestion.

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🫶 What interface lets miners access pool data programmatically?

👉 Pool API

A Pool API is an interface that allows miners and developers to access mining pool data automatically. It can provide information such as hashrate, worker status, payouts, balances, and mining statistics without logging into the pool dashboard.

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🫶 What screen shows pool mining stats and performance?

👉 Pool Dashboard

A Pool Dashboard is the main interface where miners can monitor their mining activity. It typically displays hashrate, worker status, earnings, payouts, shares submitted, and other real-time statistics for the mining pool.

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🔎 What identifier is assigned to a specific mining worker?

👉 Worker ID

A Worker ID is a unique identifier assigned to each mining device connected to your mining pool account. It allows the pool to distinguish between individual miners, track each device's hashrate, monitor its status, count submitted shares, and display detailed performance statistics. If you operate multiple ASIC miners, a Worker ID makes it easy to identify which machine is running properly and which one may require attention.

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🗓Crypto News: Weekly Overview
July 20 – 26

It’s Monday again, so here’s our weekly digest of key events in the crypto market. Let’s take a look at what happened over the past week.

🔹Public companies are starting to abandon their Bitcoin accumulation strategy. According to the Head of Digital Assets at VanEck, falling share prices, debt obligations, and challenging market conditions are forcing many publicly traded companies to sell part of their Bitcoin holdings.

🔹 Grayscale believes Bitcoin may have already found its bottom. In its latest report, the company suggests that if the U.S. Federal Reserve pauses further interest rate hikes and the economy remains resilient, Bitcoin could already be at the beginning of a new upward trend.

🔹 Strategy launches the Bitcoin Security Consortium. The initiative's partners plan to invest $15 million over the next three years to strengthen the long-term security and resilience of the Bitcoin network.

🔹 $68,000 identified as the next major resistance level. According to Bitfinex analysts, cited by The Block, this price zone aligns with both the average entry price of short-term holders over the past five months and the opening level of the second quarter. However, the first test of this level could trigger increased selling pressure as many investors may choose to exit at break-even.

🔹 Bitcoin whales continue accumulating. CryptoQuant contributor Amr Taha reports that large Bitcoin holders are increasing their positions, while medium-sized wallets are showing signs of selling, highlighting a growing divergence in market behavior.

🚀 We'll be back soon with more updates – until then, stay tuned!

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🧐 What is a miner that has stopped submitting shares called?

👉 Dead Miner

A Dead Miner is a mining device that has stopped submitting valid shares to the mining pool. This usually happens because the miner has lost its internet connection, powered off, crashed, overheated, or encountered a hardware issue.

Mining pools continuously monitor workers and flag a miner as "dead" when it has been inactive for a certain period, helping users quickly identify and resolve problems.

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🫶 What is a sudden increase in mining power called?

👉 Hashrate Spike

A Hashrate Spike is a sudden increase in the total mining power (hashrate) of a miner, mining pool, or the entire Bitcoin network. It can happen when new mining equipment comes online, more miners join a pool, or previously offline devices reconnect. A hashrate spike may temporarily affect block discovery speed until the next difficulty adjustment.

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🎟 ECOS Rewards Ticket

How can you use it? Send the code and your email to the channel messages!

The first 3 participants to submit the correct code will receive a real Ticket in the ECOS Rewards loyalty program and will be able to use it to participate in mining contract giveaways!

🎁 Good luck! You might be the fastest one.

🔎 What happens when hardware slows down because it gets too hot?

👉 Thermal Throttling

Thermal Throttling is a safety mechanism that automatically reduces a mining device's performance when its temperature becomes too high. By lowering the processing speed, the hardware generates less heat and helps prevent overheating, damage, or unexpected shutdowns. Proper cooling is essential to avoid thermal throttling and maintain stable mining performance.

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🤑 Every Bitcoin can be traced from the moment it is created

Every transaction is permanently recorded on the blockchain – an open and publicly accessible ledger. Anyone can see when specific coins were mined, which wallet addresses they have passed through, and where they are held today.

☝️ However, the blockchain does not display the names of owners – only wallet addresses. Unless someone voluntarily reveals their identity or a wallet is linked to a specific person, it is impossible to know who owns the funds.

This transparency is one of the key reasons why Bitcoin is considered one of the most secure and verifiable financial networks in the world.

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🤑 What cooling method submerges mining hardware in special liquid?

👉 Immersion Cooling

Immersion Cooling is an advanced cooling method where mining hardware is fully submerged in a special non-conductive dielectric liquid. The liquid efficiently absorbs and removes heat, allowing miners to run at lower temperatures, reduce noise, improve energy efficiency, and extend the lifespan of their equipment. This technology is increasingly used in large-scale mining operations.

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⚡️What metric shows how much energy is used per terahash?

👉 Hashrate Efficiency (J/TH)

Hashrate Efficiency (J/TH) is a metric that measures how many joules of energy a mining device consumes to produce one terahash (TH) of computing power. The lower the J/TH value, the more energy-efficient the miner is. Since electricity is one of the biggest mining expenses, this metric is one of the most important factors when comparing ASIC miners.

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Combo Code: 243957

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📈 What metric measures data center energy efficiency?

👉 Power Usage Effectiveness (PUE)

Power Usage Effectiveness (PUE) is a metric used to measure the energy efficiency of a data center or mining facility. It compares the total amount of energy consumed by the facility to the energy used directly by the mining equipment. A PUE value closer to 1.0 indicates greater efficiency, meaning less electricity is wasted on cooling, lighting, and other supporting systems.

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🔎 What technology improves ASIC mining efficiency by reducing redundant hash calculations?

👉 ASICBoost

ASICBoost is a mining optimization technology that allows ASIC miners to reduce redundant hash calculations during the mining process. By eliminating unnecessary computations, it improves mining efficiency and lowers power consumption without changing Bitcoin's consensus rules.

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🗓Crypto News: Weekly Overview
July 27 – August 2

It’s Monday again, so here’s our weekly digest of key events in the crypto market. Let’s take a look at what happened over the past week.

▪️Bitcoin miners have been advised not to buy GPUs solely for AI, but instead focus on infrastructure. Mike Alfred, founder of Alpine Fox, said he does not believe the AI infrastructure boom is a bubble. In his view, companies looking to diversify into AI face a key strategic choice: generate revenue by providing power and data center capacity, or take on the additional risk of investing in expensive GPUs.

▪️The share of low-carbon energy used in Bitcoin mining has exceeded 59%. For the first time, hydropower has surpassed natural gas to become the single largest energy source powering the Bitcoin network.

▪️Coinbase reported a 16% decline in revenue and a net loss of $359 million. The largest U.S. cryptocurrency exchange continues to feel the effects of the prolonged crypto downturn, with its stock down 40% year-to-date.

🚀 We'll be back soon with more updates – until then, stay tuned!

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🤑 Where Did the Lost Bitcoins Go?

According to analysts, between 3 and 4 million BTC are believed to be permanently lost. Their owners forgot passwords, lost private keys, or misplaced hard drives containing their wallets.

☝️As a result, the amount of Bitcoin actually available is significantly lower than the maximum supply of 21 million BTC.

This means that every lost Bitcoin makes the remaining coins even more scarce.
What do you think?

🧐 Should lost BTC still be counted as part of Bitcoin's total supply, or should they be excluded from the effective circulating supply?

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🎟 ECOS Rewards Ticket

How can you use it? Send the code and your email to the channel messages!

The first 3 participants to submit the correct code will receive a real Ticket in the ECOS Rewards loyalty program and will be able to use it to participate in mining contract giveaways!

🎁 Good luck! You might be the fastest one.