Top 6 Ethereum (ETH) Cryptocurrency Mining Pools: Profitable Options?
If you are a miner, you will want to maximize your profits at the time of mining Ethereum (ETH). The best way to do so is by joining an Ethereum pool and combine the resources you have with other miners all over the world.
This is very important because solo mining is very complicated, and finding a block could be very difficult for just one miner. Mining pools are very useful for those miners that have less hash power.
In order to start mining in a pool you will have to choose one from the many different ones available in the market. Those pools that have been mining for longer periods of time and did not have major attacks are the most reliable. That means that after using it and mining your coins you will receive your funds.
Let’s see which are the most known and recognized mining pools for Ethereum:
Ethpool and ethermine are the best mining pools in the market and the most popular for the ethereum community. The platform is hosted in two different websites and it has 25% of the total network hash power. This is the biggest pool for mining ETH. At the moment, there are more than 60,000 miners using the platform.
This platform accounts for 7,6% of the total hashrate of the Ethereum network. It is a minor community that is formed by professional Ethereum miners. Due to the fact that the pool is located in several locations in the world, there are multiple servers that ensure a more reliable mining process.
F2pool allows users to mine different cryptocurrencies, including Bitcoin. The pool contributes over 25% of the hashrate of the network and is a very reliable option in Asia. Other currencies can be mined as well, including Litecoin.
This is another important platform to mine Ethereum. It generates over 13% of the network hashrate. And it is quite intuitive, secure and it allows individuals to select the payment threshold.
If you are a more versatile miner, then this pool is perfect for you. It allows users to mine Monero, Ethereum, Expanse and many other coins, which is very good for users. The pool accounts for 4.3% of the total hashrate. Miners that have powerful equipment and devices will have a good time using this mining pool.
The last on the list is the so called Ethfans. This is specifically designed for those users in China and neighbouring countries. The pool accounts for 8.6% of the hashrate of the network and is a very important competitor for all the other pools mentioned before.
Yes, the market is full of mining pools that allow users to mine Ethereum. Some of them have cheaper fees or other virtual currencies available, while others are used by more professional miners.
You will always have to think which pool fits the best to you and your mining needs. If you want to mine different currencies, you do not necessary need to do it in an ETH exclusive pool. If you want to save in fees, you can select the cheapest service; for reliability you can see which has been for the longest period of time operating without attacks.