When it comes to Bitcoin mining, every Satoshi counts. Many miners focus heavily on optimizing their hardware—overclocking their ASICs, improving cooling, and hunting for the cheapest electricity rates. But one crucial factor is often overlooked: Choosing the right pool.
A poorly chosen pool can cost you 1% to 4% of your revenue without you even noticing. In this article, we explain how Gokby is structured to ensure that more of your mined Bitcoin ends up in your own wallet.
The Problem with Hidden Fees
Many mining pools advertise "0% fees" but hide costs elsewhere. This often happens through:
- Poor Luck Statistics: The pool has outdated servers, causing "shares" (your submitted work) to be lost.
- High Payout Thresholds: You have to mine for a very long time before you are allowed to withdraw your coins.
- Opaque Calculations: It is unclear exactly how the reward is calculated.
The Gokby Model: Transparency First
At Gokby, we rely on a model that is fair for both small home miners and large mining farms.
1. Optimized Stratum Servers
Before we talk about fees, we need to talk about "Rejected Shares." When your miner finds a solution, it must reach the pool server as quickly as possible. If it takes too long, the work is worthless (Stale Share).
Gokby uses low-latency Stratum servers. This means: Your work arrives almost in real-time. Fewer rejected shares mean directly higher payouts, even before fees are deducted.
2. Fair Fee Structure (Pool Fee)
We charge a minimal fee to fund server maintenance, DDoS protection, and platform development. Unlike many competitors, this fee is transparently displayed. There are no hidden deductions. What you see in your dashboard as "Unpaid Balance" belongs to you.
3. The Payout System
Nothing is more frustrating than waiting for your money. Gokby offers flexible payout limits.
- Automatic Payouts: Once you reach the minimum amount (which you can often set yourself), the transaction is triggered.
- On-Chain Transparency: Every payout is traceable on the blockchain. You receive a TXID (Transaction ID) to verify the flow of funds.
PPS vs. PPLNS – What Does Gokby Use?
It is important for miners to understand how the reward is calculated.
- PPS (Pay Per Share): You get paid for every unit of work contributed, regardless of whether the pool finds a block or not. The risk lies with the pool.
- PPLNS (Pay Per Last N Shares): You only get paid if the pool actually finds a block. The risk is shared, but long-term yields are often slightly higher as pool fees may be lower.
Gokby optimizes this system to find a balance between stability (regular income) and profitability (maximum yield).
Conclusion
Your mining pool is your business partner. It manages your money. Trust is good, control is better—and math doesn't lie. Compare your hashrate and daily earnings at Gokby with other pools. You will find that thanks to the stable connection and fair conditions, more Bitcoin remains in your account at the end of the month.
