WhiteBIT Mining Pool

WhitePool distributes rewards once a day, independently of block confirmation. As we offer the FPPS reward method, reward crediting is not tied to the timing of block discoveries; instead, miners receive their rewards daily, ensuring a consistent payout schedule regardless of the pool's block mining performance.

- Convenience & All in One Place: Users of the WhiteBIT Mining Pool can manage their operations and track cryptocurrency earnings within the same platform they use for trading and other financial activities. By directly crediting rewards to the exchange account, miners bypass intermediary steps, such as withdrawing rewards to a personal wallet, thereby reducing transaction fees and optimizing overall cost efficiency. It also provides an opportunity to immediately take advantage of the exchange's trading capabilities.

- Faster Access to Funds: Payouts are credited directly to users' exchange accounts. By bypassing the need for manual withdrawal and transfer of rewards from the BTC mining pool to the exchange account, miners can streamline their earnings process. This eliminates the hassle of managing multiple wallets or accounts and reduces the potential for human error associated with manual transfers. Moreover, direct crediting minimizes the time lag between earning rewards and accessing them for trading or other purposes on the exchange.

- Diversification: It also provides flexibility in managing and diversifying assets. Users can quickly move their mining earnings into different cryptocurrencies or investment products the exchange offers.

- Security Measures: Reputable cryptocurrency exchanges implement robust security measures to protect users' funds. For example, WhiteBIT stores 96% of digital assets in cold wallets and utilizes a Web Application Firewall (WAF) to detect and block potential hacker attacks. WhiteBIT's commitment to security is further demonstrated by third-party audits conducted by Hacken.io and CER.live in 2022, resulting in the exchange receiving a top AAA rating for reliability. Cold storage and WAF add layers of protection, making WhiteBIT a secure choice for users.

BTC mining pool, WhitePool offers one reward method FPPS (Full Pay Per Share).
FPPS (Full Pay Per Share): This method guarantees a fixed payout for each valid share submitted by miners, regardless of the pool's luck or hashrate fluctuations. It provides instant payouts and particularly benefits miners with high mining power who seek immediate rewards for their contributions.

Miners are the actual hardware devices responsible for solving complex algorithms to add new blocks to the blockchain. They operate independently and compete to complete these tasks.
Workers, on the other hand, are subdivisions within a bitcoin mining pool. They are managed under a single account and represent individual mining devices. Workers help miners keep track of the performance of each of their mining devices within the pool.

- Pending: Status is marked as 'Pending' while awaiting confirmation from the network or our system.

- Successful: This status confirms that your payment is complete and that your rewards have been successfully transferred to your Main balance on WhiteBIT.

- Canceled: If your rewards show as 'Canceled', it suggests an issue with the payment process. This could be due to various reasons, including network problems or other technical difficulties. In such cases, it's advisable to contact customer support for assistance.