PoolProfit.io: Bitcoin Mining Pools With Net Block Rewards?

What is PoolProfit.io?

There are a ton of mining pools that have different payout operations. Some of them are schemes you may not notice at first. And the fees very vastly from payout system to payout system.

Considering that they’re competitive and how popular bitcoin has become, understanding it can be difference between making profits and not making profits or just surviving by a thread. PoolProfit.io aims to change the way things are done and to become a trusted system.

How Does PoolProfit Work?

There is a net block reward that uses real blockchain data. They have a calculation system that is called that is called a Net Block Reward. They take the net value of the average block distributed amongt their miners and apparently it naturally gets better and better. There is a table that you can see on the website that is a comparison table of the different rewards.

All you have to do to use it is select one of the various pools on the table by simply clicking its row and then you can check it against the last column and see how better or worse the other pools and payouts are doing. The values on the table reflect the long term and consistent growth of mining and some of the strategies that are used as well.

They use several different methods to calculate net block rewards. The first method, or A is for the reward scheme in which TxFees are NOT shared with the miners. The next method or B or where the TxFees are Fully shared with all the miners. And the last is Method C where the TxFees are Partly shared with miners.

There are different definitions they use when working within the system:

Block Reward

This is the standard reward that is given when miners discover BTC blocs. It’s currently at a bounty of about 12.5 BTC.

TxFees

This is the sum of transaction fees tht are mined in each block.

Avg TxFees

This the average value of the TxFees that have been generated by a pool within the previous 30 days.

Average Block Value

This is the total value averaged of each BTC block according the pool of the previous 30 days.

Pool Fee

This is the standard fee that is applied by the pool based on the different reward schemes.

PoolFeeTx

This is any of the pool fees that are applied by TxFees

Net Block Reward

This is the net value that has been distributed amongst the different miners once the pool fees have been applied.

PoolProfit.io Conclusion

According to the site and its description of PoolProfit.io on Data Collection and Processing there is a table that shows 11 of the lagest mining pools and it is based primarily on the different number of blocks that have been generated in the previous 30 days.

They don’t mention BitFury because it’s a private pool. The Data Source on Block rewards and TxFees have been extracted directly from Bitcoind. And the blocks are sorted in a way that is based entirely on Pool Tracking Tags listed on the website.

The Reward schemes shown are as current as November 9^th, 2017 and are updated regularly and manually according to the site. But one important thing to keep in mind it that they are also subject to the different changes that unexpectedly happen from time to time and are made by the pool operators. They claim to do their best to always keep them up to date and current.

If you have questions about the operation in more detail, then you can contact them at poolprofit@protonmail.com.