As you are reading this piece of article, we can assume that you are going to mine Ethereum or ETH. Also by now you probably have built your mining rig and waiting for an Ethereum pool to join.
Well just in case if you are looking for some of the Best Ethereum mining pools. Then we are here to help you out.
You can not deny the fact that without a mining pool you will not be able to mine Ethereum or any Cryptocurrency. But as you already know that there are a couple of mining pools that’s are already online. So it gets quite tough for us to choose the best mining tool.
However just to help you out, we have decided to sit down and write down a detailed article about different mining pools of Ethereum. So you can choose the best one for yourself. So let’s just head into the topic without wasting much of the topic.
However, before we really start talking about the best Ethereum mining pools. Let’s just talk about what exactly an Ethereum mining pool is? So you can have a better idea about this topic.
So here we go!
What is an Ethereum mining pool?
According to Wikipedia “A mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block.”
Or in simple words, you can say a mining pool is a platform where different miners join and help each other to mine Ethereum using their cryptocurrency mining device or CPU power. Also once the mining pool generates a good amount of Ethereum, it gets divided into every miner equally.
Also apart from Ethereum mining hardware and Mining pool account, you will also need a software. The mining software will help you to mine Ethereum using your CPU power apart from these things you will need an Ethereum wallet to hold the Ethereums that you will mine.
In return, the mining software or the pools charge a minimal fee from your earning. Apart from the reputation of the company, mining fee plays a very important role in selecting the pool.
Now you have enough idea about the Ethereum mining pool. So it is advisable to create an Ethereum wallet before joining any of the Ethereum mining pools. If you already have an Ethereum wallet address, then you are good to go.
Coming back to the topic, So here is a list of the top Ethereum mining pools that you can join to mine Ethreum.
4 Best Ethereum mining pools:
At the very first we have the Ethpool, people considers Ethpool as one of the best Ethreum mining pool that exists on the web.
Talking about the features of the mining pool, well Ethpool is a solo mining pool. This mining pool has a global mining network that comes with DDOS protection.
Also talking about the servers, well the mining pool has their servers located in the US, Europe, and Asia. Also, the mining pool has a unique payout scheme. So I would like to suggest you to read the payout scheme at first and then join the mining pool. Apart from these things the mining pool supports different miners type, such as qtMiner, cudaminer, eth-proxy, and ethminer.
One of the good things about this mining pool is that it offers great support and comes with an efficient mining engine. It has low uncle rates compared to the other Ethreum Mining pools on the web.
Also, the mining pool pays all the uncles and transaction fees, so you do not have to worry about that. Apart from all these it offers a third-party Android application the monitors your Ethreum ming stats and provides you other details related to your mining pool account.
Ethpool mining fee: 1%
At the next, we have the dwarfpool which was really popular a few years back. By using this mining pool, you will not just be able to mine ETH. But you can also mine other cryptocurrencies, such as Monero or XRM, Zcash or ZEC, EXPANSE or EXP, and GroestlCoin or GRS.
Talking about the features of the Mining pool, well people consider this mining pool as one of the most profitable and fair RBPS. It has a true round based payment system.
This pool is a great optimized stratum pool engine that can be found online. It offers you maximum transparent and detailed statistic related to your mining account. You can also monitor every mining ring via email. As well you do not need to register on the website in order to mine ETH.
Like other mining pools, it does not have any transaction fee or any other hidden fees. Nor they steal your shares. It also has an auto-payment feature, which sends the miners their payment once an hour.
The mining pool has powerful servers located at different places around the globe. So you better choose the nearest located server from your location. The others servers will work as a backup, or you can use them at times.
Also, all your shares will be calculated and finalize your payout. The good thing about the mining pool is that it offers excellent support in English, русский, Deutsch languages.
Drawfpool mining fee: 1%
For our next suggestion, we have the ethermine.org.
Well, the mining pool looks exactly as same as the Ethpool. However, there are a few differences in features. Talking about the features, well the ethermine.org comes with a Real-time PPLNS payout scheme. Also, it offers an accurate hash rate reporting so you can keep an update. Just like the Ethpool this mining pool also pays all the blocks, transaction fees.
Also, it offers instant payout, so you do not have to wait weeks and weeks to get the payment. It also lets you fix a customizable minimum payment threshold. Such as
- Standard: 1 Ether
- Minimum: 0.05 Ether
- Maximum: 10
It has a global mining network that has DDOS protected servers located in the US East, US West, EU (France) and Singapore. Just like the above mentioned Ethreum mining pools it also has an efficient mining engine and low uncle rates.
The major thing that caught my eye was it supports all type of ethereum miners. Not only this, To keep you updated with the accounts stats it has an IOS and Android smartphone app as well you can select telegram to get the updates.
Ethpool mining fee: 1%
At the end, we have the nanpool. This one is also a popular yet ETH Mining Pool that can be found online. By using this mining pool, you will not just be able to mine ETH but a few other cryptocurrencies as well, for example, Siacoin, Zcash, Monero, Pascal and so on.
This is a China-based mining pool that has a low uncle and transaction fee. However, the mining pool does not reveal much about the mining fee.
Well in order to mine ETH using Nanopool all you have to do is download the Claymore Dualminer mining software from the website and extract the file in a folder. Then you have to some configurations and then execute the start.bat file. However, You can get the complete step by step process on their official site.
Ethpool mining fee: 0.8%
Now that you know about some of the ethereum mining pools name. So let’s just move to the next section where we will be talking about some of the Frequently Questions and Answers. So here we go:
Ethereum Mining Pools Frequently Questions and Answers:
How to choose the right ETH mining pool?
Well, it is easy, most of the pools are pretty good and does the job in a great way. However, consider going with a ming pool that has a server near your location, has low fees and quite reliable.
Can I Join a Bitcoin Pool or Any other Crypto Pool?
Well, there are many pools that let you mine ETH as well as other cryptocurrencies. However just in case if you want to mine Ethereum only. Then consider joining one of the top Eth mining pools.
Apart from a Mining pool what else I will need?
Well as mentioned above you will need a Hardware to mine ETH as well as a Software and ETH wallet. You will get the mining software from the ETH pool itself.
So that was all for the Ethereum mining pools. So before you join any of these ming pools make sure you have read all the terms and conditions as well as payout schemes.
Also, do not forget to compare the transaction fees and make sure you have chosen the right pool to mine ETH.
Anyway if you have any questions regarding this, then do not forget comment below. And we will surely help you out.
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