What is Hashalot?
Join forces with other miners to collectively discover blocks, as any successful find allows all participants to share in the resulting rewards. Alternatively, you have the option to mine solo, in which case you would retain the entire block reward if you successfully locate a block, although pool fees will be deducted. Balances are confirmed on an hourly basis, and it takes a total of 100 confirmations for a block to achieve official verification before any balances are processed. Hashalot takes care of transaction fees associated with all balance distributions, which are included in each pool's charges. When a block gets confirmed, the rewards are allocated according to the contribution each miner made towards that block's discovery. Each share has a specific value, differing from PPLNS, where shares can expire after a certain timeframe. This reward structure guarantees that the miner who successfully finds the block receives the full block reward, minus any relevant pool fees, which benefits miners with higher hash power significantly. Furthermore, this collaborative mining strategy not only boosts the effectiveness of mining activities but also creates a strong sense of community among miners striving for a shared objective. By working together, miners can enhance their chances of success while building lasting relationships within the mining community.
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Company Facts
Company Name:
Hashalot
Company Website:
hashalot.net
Product Details
Deployment
SaaS
Support
Web-Based Support
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English