I have seen a lot of parameters regarding each mining pool, but my question is how to consider them when choosing a mining pool:
- Payout threshold
- Number of miners
- Geographical location
- Difficulty: how must this be taken into consideration? If difficulty is high, should I mine on that pool only if have have high-end hardware in order to get some profit? And if I mine with high-end hardware (like 6-8 servers with Xeon CPU) on low difficulty what should I expect?
- Payout threshold: I understand that it is the threshold after which the payment happens. If it takes
- Number of miners: if it is high the blocks are found faster but the reward is splitted among all.
- Geography: how much it counts within Europe?
With this question I would like to open a discussion to derive a mining-pool-choosing formula based on these parameters.