F2Pool, one of the largest Bitcoin mining pools, announced that it opened the Bells (BEL) mining pool.
Bells, based on the mining method known as Scrypt, maximum of 500 million coins has a supply.
Using the proof-of-work algorithm, Bells are largely mined by Scrypt ASIC devices. Bells block rewards randomly being distributed. F2Pool therefore does not use a tool to calculate revenues.
According to the statement made by F2Pool, the 5 percent PPLNS (pay-per-last-n-shares) method will be applied in the payments of the Bells pool. PPLNS, miners their percentage contribution to the total share Payment is made accordingly.
Since cryptocurrency exchanges do not yet accept BEL deposits, users can use their own wallets.