How Does the Use of a Pool’s Proprietary Mining Software Affect a Miner’s Risk Exposure?
Using a pool's proprietary software can increase a miner's risk exposure. The software might contain hidden fees, backdoors, or malware that could compromise the miner's security or redirect a portion of their hash rate.
Miners also face the risk of vendor lock-in, making it harder to switch pools. Reputable pools, however, may offer proprietary software with optimized performance or unique features.
Glossar
Mining Software
Software ⎊ Mining Software is the specialized application layer that facilitates the communication between a miner's hardware, such as ASICs or GPUs, and the blockchain network or a designated mining pool.
Proprietary Software
Definition ⎊ Proprietary Software refers to software developed and owned by a specific entity, typically a corporation or individual, with restricted access to its source code.