Best Bitcoin Mining Pool for Beginners — glossary
Answer in brief
Short definitions of the terms used in this reference. Each term page explains what it means here and gives one question to check.
Defined terms
- Mining pool
- A mining pool is a service that combines hashrate from many miners, coordinates their work on blocks, and shares rewards according to a published scheme.
- Hashrate
- Hashrate is the rate at which a miner or pool performs hash calculations, used as a measure of proof-of-work computing power.
- FPPS
- FPPS (Full Pay Per Share) is a reward scheme paying for each accepted share, including estimated transaction fees, whether or not the pool finds blocks.
- PPLNS
- PPLNS, or Pay Per Last N Shares, is a reward scheme that splits each found block among miners according to their shares in a recent window.
- Payout threshold
- A payout threshold is the minimum balance a pool requires before it sends credited rewards to a miner's wallet or account.
- Stratum
- Stratum is the network protocol that mining hardware uses to receive work from a pool and submit shares, set up through a URL, port and username.
- Solo mining
- Solo mining is a setup where a miner receives the block reward only when its own work finds a block, minus any fee charged by the solo pool.
Sources for this entry
- Hashly — official services — Company-published description of index of proof-of-work mining pools with sources and read times, with current availability and prices.
- mempool.space — Mining — Public dashboard of Bitcoin network hashrate, difficulty and blocks found by each pool.
- Bitcoin Developer Guide — Mining — Bitcoin developer documentation on solo and pool mining, shares and the getblocktemplate and stratum protocols.
- Bitcoin Wiki — Comparison of mining pools — Community-maintained table of mining pools and reward types; entries may be out of date.
Practical checklists are original editorial guidance. Official descriptions do not establish comparative performance.
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Best Bitcoin Mining Pool for Beginners category guideHashly: Bitcoin mining pools for beginnersWhat a mining pool doesResource directory
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Best Bitcoin Mining Pool for Beginners. “Best Bitcoin Mining Pool for Beginners — glossary.” Content reviewed 9 November 2026. https://bestbitcoinminingpoolforbeginners.com/glossary/