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Ethereum is one of the most popular and profitable cryptocurrencies and the value of ETH is growing steadily. 

At the time of this publication on April 9th, 2021, the price of this coin was $2,076.32.

 

source Coindesk

 

For this reason, mining ETH is attracting more and more people. Many of them prefer to mine in a pool, since in this case the reward is paid more often, and the income, accordingly, becomes more stable. But how do you choose a pool without making a mistake? What do you look for? This article will provide answers to these questions.

What to look for when choosing an ETH pool?

Not all pools support Ethereum mining, so this is the first thing to pay attention to. But let's say that you can mine ETH on the pool you pre-selected. What else needs to be considered?

  • Pool payout model 

There are different payout models, the most popular of which are PPS, PPS + and PPLNS. The most profitable option is PPS +. This payout model is the most predictable and stable, which is important for any miner's income.

  • Pool Commission 

Miners have to pay a commission for using most pools. Look for a pool with a minimum commission - the lower it is, the higher your net profit will be. However, some pools have no commission. 

  • Transaction Fees 

Paying fees obviously also affects your bottom line. The best option would be to find a pool that covers them.

  • The minimum threshold for payment pool

Be sure to ask, what kind of minimum threshold ETH payout pool is. The lower it is, the better for you - you will be able to withdraw your money more often.  

  • Pool server locations 

Choose a pool with a server in your region for the best performance.

Remember, all of these factors are also important when mining any other coin!

ETH mining pools: Top Recommendations

EtherminePool

  • payout model - PPLNS
  • Pool commission - 1%
  • Transaction fees covered by the pool
  • Payout threshold can be configured (default: 1 ETH, minimum: 0.1 ETH, maximum: 10 ETH)
  • Server Locations: USA, Europe , and Asia

Hiveon

  • Pool payout model - PPS +
  • Pool commission - 0%
  • Transaction fees covered by the pool
  • Minimum payout threshold - 0.1 ETH
  • Server locations: Europe, North America, Asia, and Russia
  • 24/7 support
  • If you are a paid Hive OS user, you can pay for it due to mining commission on Hiveon (commission is 3%)

Nanopool

  • Pool payment model - PPLNS
  • Pool commission - 1%
  • Payments ≥ 0.1 ETH are not subject to commission, but for payments < 0.1 ETH there is a transaction commission (40,000 Gas at the current Gas price)
  • Payout threshold can be configured (default: 0.2 ETH, minimum: 0.05 ETH, maximum: 20 ETH)
  • Server Locations: Europe, USA, Australia, Asia, and Japan

SparkPoolPayout

  • PoolModel - PPS +
  • Komi Pool ssia - 1%
  • Transaction fees covered by the pool
  • Minimum payout threshold - 0.1 ETH
  • Server locations: Europe, USA, China, Japan, Southeast Asia, and Korea

Some of these pools allow you to mine Ethereum and other coins as well. These coins may have different payout patterns, minimum thresholds, and so on. Keep this in mind if you decide to try mining another coin on the already selected pool.

Among all the options presented, the Hiveon pool seems to be the most profitable, since it has no commission, plus the pool covers the transaction fees. The rest of the pools presented in this list do not have this combination of characteristics. Each of them has a commission, and Nanopool users also need to pay commissions for payout transactions below 0.1 ETH.

In any case, be sure to consider all of the above criteria. They will help you choose the right pool for mining ETH.

Hive OS is a one-stop solution for controlling, monitoring and administering your ASIC and GPU mining farms. Everything you and your team need to keep farms at their peak efficiency


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