pool.bitoin.com how it works ?

[gsm]

Hi,
i want to use pool.bitcoin to mine bitcoin and there is any detail how can i do this ! i create my account in the FAQ question they tell us to connect to the server !!! how can i do this ? what is the price to rent ? thank u for responses

[mocacinno]

Hi,
i want to use pool.bitcoin to mine bitcoin and there is any detail how can i do this ! i create my account in the FAQ question they tell us to connect to the server !!! how can i do this ? what is the price to rent ? thank u for responses

I think you're mixing up two concepts/services here:
- a pool (like pool.bitcoin.com) is basically a service where people that own ASIC miners pool together their resources. If every miner would mine on his/her own, he'd have a small chance of solving a block, but he'd get 100% of the reward. If they pool together their resources, they have a much bigger chance of hitting a block, but they only get a smaller part of the reward. Pool mining is a way of spreading the risks/rewards.

- renting hashrate from, for example, viabtc or miningrigrentals is basically buying the right to use the hashrate of somebody else's ASIC to solve any kind of block you want.

So in this case, you're mixing up the two concepts. When you own an asic, you can use the bitcoin.com pool, and you basically have to get the work (blocks to solve) from the bitcoin.com pool server. That's why the FAQ mentions you have to connect your ASIC to their server. Since you're the one using the ASIC and power you bought, you'll never have to pay to use a pool, they pay you to cooperate