Ethereum is a blockchain platform that not only allows for smart contracts but also has its own cryptocurrency. Choosing the right mining pool can be a difficult decision. There are many pools to choose from, and they all offer different features that may or may not fit your needs.
In this blog post, we will discuss 7 of the best options in terms of features and popularity so that you can decide which one is right for your needs!
Overview of Top 7 Ethereum Mining Pool Options
|Pool||Reward Method||Network Hashrate|
|Ethermine||PPLNS (1%)||131.2 TH/s|
|F2Pool||PPS (3%), PPS+ (2.5%)||–|
|SparkPool||PPS+ (1%)||114.8 TH/s|
|NanoPool||PPLNS (1%)||21.1 TH/s|
|MiningPool Hub||PPLNS (0.9%)||14.3 TH/s|
|2Miners||PPLNS (1%)||19.5 TH/s|
|Hiveon||PPS+ (0%)||36.9 TH/s|
Pay Per Last N Shares (PPLNS)
This method refers to offering payment to miners as a percentage of shares they contribute to the total shares (N).
PPS: refers to Pay per share. It is an instant payout method for each share that is solved.
PPS+ is a hybrid of PPLNS and PPS. Reward payout is similar to PPS and the transaction fees are paid similar to the PPLNS payout method.
Ethermine is among the most popular mining pools today and has been around for about a year. They are based in Europe but offer an interface that is available from many different countries including the United States.
The Ethermine mining pool is one option for Ethereum miners who want more features than MinerGate offers without sacrificing ease of use. Ethermine supports both PPLNS and PROP payment schemes with an average fee of about 0.29% and a minimum payout threshold of only 0.01 ETH. It has many helpful stats, like graphs that show you your daily, weekly, monthly revenue; as well as detailed breakdowns by worker address so it’s easy to monitor individual performance and find out which rigs are most profitable!
F2Pool was originally founded in Beijing to mine Bitcoin and Litecoin and is one of the oldest Ethereum mining pools. F2Pool uses PPS and PPS+ payment scheme with a 2% fee and a payment threshold of 0.1 ETH.
While F2Pool charges more than most pools, it is also more consumer-focused. The mining pool allows users to monitor their accounts through a dedicated mobile app for Android and iOS. Apart from Ethereum, you can also mine 40 other cryptocurrencies with F2Pool.
SparkPool is a mining pool that focuses on privacy and pays out 100% of the block reward to miners. With SparkPool, you can mine Ethereum for free with your CPU or GPU without having to register an account.
The pool uses a PPLNS system and has a minimum payout of 0.1 ETH with a 1% fee.
NanoPool is a multi currency mining pool with a 1% fee and PPS+ system. You can mine different cryptocurrencies with your CPU or GPU: Bitcoin, Ethereum, and others such as Zcash, Monero, Lbry Credits, etc.
NanoPool is an easy pool to use but it doesn’t offer a mobile app that would make monitoring the account easier.
Mining Pool Hub
The Mining Pool Hub offers mining pools for the most popular coins on the market. Apart from Ethereum, you can also mine 40 other cryptocurrencies such as Dash, Litecoin, and Dogecoin by adding their respective worker in your account settings tab. The site has 0% fees which makes it one of the cheapest options out there especially if you are looking to invest larger amounts of money into ETH mining.
2Miner has servers located in the US, Europe and Asia. It supports 20 currencies including ETH, ETC, ZEC, MUSIC, BTG, ZEN, BTCP, CLO, and more.
2Miners charges a 1.5 fee for solo mining but the fee for PPLNS is 1. The payouts occur automatically every 2 hours. Many users have praised this pool for its interface and quick responses from the support team.
Hiveon is a pool meant for ETH mining. It has servers in France and China and supports 20 currencies including BTC, LTC, DOGE, NEBL
The pool has a PPS+ payout method. It pays users 50% for stale shares that are not above 5%. Payouts are not made when stale shares are above 5% and the user’s wallet is blacklisted until further notice. The pool also offers daily payouts to its users with a minimum payout of 0.1 ETH or 1 ETC.
Ethereum mining pools are a great way to get access to ETH. It’s important that when looking into any possible cryptocurrency mining pool you research them thoroughly before investing time or money.
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