Mining is the process in which specialized machines compete to validate blocks of the Bitcoin network. They consume energy and deliver computing power — the hashrate. Here you understand each term, how BTC is produced and who pays for what. Always with variable output.
A machine built only for mining (e.g. Antminer S19 Pro). It serves no other purpose — it is optimized to compute SHA-256 hashes.
The machine's computing capacity. The more hashrate, the greater the technical participation in the attempt to validate blocks.
Terahashes per second — the unit of hashrate. An S19 Pro delivers about 110 TH/s.
A group of miners who pool their hashrate and share the results. It reduces the variance of mining alone.
Each machine (or identity) connected to the pool. It allows tracking individual output on the dashboard.
The network self-adjusts: the more global hashrate, the harder it is to mine. This changes output roughly every 2 weeks.
The time the machine is actually operating. Energy, maintenance and internet affect uptime — and output.
Roughly every ~4 years, the block reward is cut in half. It is the mechanism that makes BTC progressively scarce.
The result is never fixed: it depends on BTC price, difficulty, pool, uptime, energy and maintenance.
The BTC produced belongs to you and goes straight to the pool/wallet you designate — it never passes through the company's treasury.
The ASIC consumes electricity and converts it into computing power (hashrate).
The hashrate is sent to a pool (e.g. ViaBTC) that organizes participation in the network.
When the pool validates blocks, it distributes the rewards according to the hashrate contributed.
The payment goes straight to the address you configured in the pool. You verify it independently.
NW Energy is an infrastructure provider — not a manager of your BTC. Non-custodial: the asset is transferred, not retained.
The pool defines how rewards are distributed. Each format trades risk for stability in a different way.
You (or the pool in solo mode) only receive when you find a whole block. A large, rare reward — maximum variance. Suited to those who understand the statistical risk.
Pay Per Last N Shares. You are paid for recent contributions when the pool finds blocks. It rewards consistency and tends to yield more in lucky pools, but fluctuates with the frequency of blocks.
Pay Per Share Plus. The pool pays for each share submitted at a fixed rate, plus a portion of the transaction fees. It is the most predictable format — the pool takes on the variance in your place.
Output and payments happen in the pool — ViaBTC, or the pool you designate. The pool is the one that pays the BTC, straight to your wallet. To estimate scenarios, use the official ViaBTC calculator.
Start by understanding, simulate through ViaBTC and follow along through the proof.
This content is educational and does not recommend any strategy. Read the risks.
