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Mining Pools & Information

Bata (BTA) Cryptocurrency Mining Pools

Mining Bata

 

Like Bitcoin, Bata works this way: Every time somebody spends a Bata, that transaction is recorded in a public ledger. For example, if you have 10 Bata in your wallet and send 7 to someone else, that transaction goes in the ledger, and everyone knows that your wallet only has 3 Bata now. If you try to send somebody else 5 Bata tomorrow, that transaction will be rejected because it’s a matter of public record that your wallet doesn’t have the coins. For the system to work, the public ledger has to be completely trustworthy. It has to be impossible for anyone to record a fraudulent transaction. Bata accomplishes this using cryptography (hence the “crypto” in “cryptocurrency”), in a process that requires many computers, all connected in a single peer-to-peer network. In order to incentivize people to participate in this transaction-verifying network, BTA are periodically generated and awarded to the machines engaged in maintaining the public ledger.

What is a mining pool?

In a mining pool, many users join forces to mine as a group, and all reward payments are split up among the group, according to how much computing power they’ve been contributing. This streamlines the reward structure and makes your payments more reliable. You can choose to mine solo, but for anyone just getting into mining, a pool is a better choice—especially if you’re not mining with a room full of powerful mining equipment.

Mining pools have information on how to set up your computer / mining equipment. Mining Pools links are on this page.

Please remember to withdraw your BTA regularly a pool address is not designed to be a wallet.

Bata (BTA) Cryptocurrency Mining Pools
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