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If Bitcoin mining is an extremely popular method of passive income, Ethereum mining through ETH pools can also be a source of profit.
However, it is never good to embark on this activity alone. Indeed, it is better to join ETH mining pools. In this article, we will introduce you to the best pools available.
What is an ETH mining pool?
An Ethereum mining pool (ETH) is a group of cryptocurrency miners seeking to combine the power of their computers to mine blocks together and then share the mining reward. It is an alternative to solo work, which puts you in competition with the entire mining world, without any guarantee of reward (0.3 eth to usd).
What is the best ETH mining pool?
Now that you know what an ETH mining pool is, we will look at the best ETH mining pools in existence. This list of Ethereum pools will compare and oppose the different platforms so that you can test them – each with its own advantages and disadvantages.
1. Ethermine
Ethermine is undeniably an excellent starting point.
First of all, Ethermine allows entirely anonymous mining, an ideal option for minors who favor confidentiality.
In addition, the platform only takes 1% block reward fees, allowing you to earn more of your share each time a block is mined.
In the same spirit, Ethermine offers instant payments as well as servers in the United States, Asia and Europe.
The platform supports PPLNS rewards.
You can customize your minimum payment threshold and use Ethermine’s leading support service for any questions.
Finally, Ethermine offers applications on iOS and Android stores, as well as on Telegram messaging. With these applications, you can view detailed statistics containing all recently mined blocks, the server-based hash rate, mined blocks each day and the variation in difficulty during the day.
2. SparkPool
SparkPool is a Chinese mining pool with a fairly positive reputation. The platform has servers and nodes based around the world, and has put in place high-level security measures to protect your information.
Do you have questions about profits? It is possible to calculate your potential daily income using a calculator integrated on the SparkPool homepage.
Tutorials are also features that many are missing on this Ethereum mining pool list.
SparkPool also has an app for Android and iOS devices.
You can view your hash rate, rewards, and even withdraw them through this application as you wish, because all assets are stored in a cloud wallet for easy access.
SparkPool also has 24/7 customer service to solve all your problems.
This ETH mining pool prides itself on constantly working to develop and advance its technologies for a better user experience.
3. NanoPool
NanoPool is one of ETH’s best pools and one of the best known. It is ideal for new users because it supports a lower hash rate than others may require, for example.
NanoPool has servers based all over the world.
NanoPool only charges a 1% commission and offers a PPLNS payment system, which resets every twenty minutes (0.025 eth to usd).
This means you can take advantage of several payments daily if you are a dedicated minor.
Like SparkPool, NanoPool offers a step-by-step guide that beginner miners can consult. At the beginning of June NanoPool charged higher transaction fees than usual because the Ethereum network was extremely saturated.
You may also like: Progress of Bitcoin Mining in Germany
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