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5 Best Monero Mining Pools 2018

  • Vera Thornpike
    ⭐ Features

    5 best Monero mining pools 2018


5 Best Monero Mining Pools 2018
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The cryptocurrency craze is all around us, and many people started mining since this is the easiest way to obtain coins. Being one of the top 10 cryptocurrencies, Monero is hunted by many enthusiasts. However, it’s becoming harder and harder to earn new coins since mining is the process that requires more and more complicated computations.

Think you can handle it on your own? What about boosting the mining efficiency? With a Monero mining pool, you can join the other crypto hunters alike and generate blocks way faster. By uniting the power of your hardware, you can reach far better results.


How to choose the best Monero mining pool?

In order to select a reliable and efficient platform, you should take the following into consideration:

  1. Does the pool charge any fee? The vast majority of pools have one to two percent fee.

  2. What’s the pool’s total hashing power?

  3. What is the minimum payout? As a rule, the lower the better.

  4. What’s the amount of uptime ensure? It should be at least 99 percent.

To ease the task for you, we have prepared a detailed Monero mining pool comparison– it will help you to make an informed decision and pick up the most agreeable solution. Let’s start our overview.

Minergate

Being one of the leading mining platforms, Minergate can be called the best mining pool for Monero. Why? First, it ensures 99.7 percent uptime. Secondly, it has a minimum payout of .01 XMR– it allows for receiving your rewards daily (of course, everything depends on the amount of your contribution). Minergate’s fee is one percent- more than fair. Besides, it supports web mining– a highly useful feature for miners.

By the way, Minergate supports many other currencies being an equally convenient platform for earning any coin.

Minergate account

MoneroHash

If you are seeking a solution tailored specifically for Monero, pool mining with MoneroHash can be a nice option for you. The platform was established in October 2014 and has become pretty popular among miners recently. They charge 1.6 percent fee– that’s somewhere in the middle of the pack. MoneroHash features servers in the US and finds blocks every 120 minutes. One of their most outstanding features is the possibility to mine right to your exchange wallet. Other advantages include:

  • DDoS protection,

  • Integrated address support,

  • SSL/TLS encryption and IPv6 support,

  • mining to exchange.

MoneroHash interface

mineXMR

The next interesting solution is offered by mineXMR. What makes it special? Their minimum payout is .004 XMR only, so you can easily get your daily payments, especially considering the fact that the average time of block generation is 45 minutes only. It has only one percent pool fee, however, it comes at the price of a low uptime– about 95 percent. That’s not as reliable as should be. At the same time, there are servers located around the world, and even in case of downtime, some of them will still work. Considering all that, it’s no surprise that mineXMR counts over 25,000 active miners and is the most popular platform for XMR hunters.

Nanopool

This is a versatile mining pool: Monero, Bitcoin, Litecoin, Dash, Ethereum– you can earn the most popular cryptocurrencies at ease. There are already 6,500 XMR miners active on Nanopool (overall number of miners from different countries is about 100,000), and the community continues growing. Nanopool has one percent pool fee, which is low. Besides, it allows for receiving payments several times a day. While the default payout is one XMR, you can lower this amount without raising the fee. There are a handful of useful tools for mining and extra perks, including PPLNS reward system. The coins you earn can be exchanged for other cryptocurrencies in the pool.

Nanopool interface

Monero Crypto Pool FR

Although this platform has a two percent fee, it is one of the most reliable and solid solutions over there. A block is found every seven hours, which isn’t the fastest hash rate, but agreeable if you get payments once a day. Although this may seem to be not the most attractive option out of the list, Monero Crypto Pool has servers in France, which ensures a high level of security and a stable connection and 13.51 MH/s hash power, which is relatively high. The community counts over 1,500 miners, and you will surely find someone trustworthy to cooperate with.

Monero pool comparison

Let’s see how the above-mentioned platforms differ.

 

Pool Fee

Hash rate

Overall Number of Miners

The average time of block generation

Minergate

1%

17.2 MH/s

> 100,000

-

MoneroHash

1.6%

7.87 MH/s

2,500

2 hours

mineXMR

1%

74 MH/s

25,000

45 minutes

Nanopool

1%

135 kH/s

> 100,000

-

Monero Crypto Pool FR

2%

1.93 MH/s

1,500

7 hours

As you can see from the table above, mineXMR seems to offer the best conditions for mining Monero. Being a platform with a narrow focus, it provides everything for fast and efficient earning. At the same time, other platforms mentioned also offer a few perks and appear to be very cost-efficient solutions.

You should also try...

If you’re searching for some alternatives, you should also give a chance to:

  • XMR.poolto.be

  • XMR.prohash.net

  • XMR.prohash.net

  • XMR Pool.net

  • Support XMR

These are smaller mining pools where the number of users doesn’t exceed 1,000. However, these platforms also ensure a pretty high hashrate and the location of servers varies. Ideally, you need to choose a mining pool with servers hosted as close to you as possible– it will ensure maximum data processing speed.

Where else to find partners? You can also ask for opinions on forums. When in search of Monero mining pool, Reddit and platforms alike are the most useful spots for finding information. Alternatively, you can read reviews on independent websites.

With a reliable and trustworthy Monero mining pool, you can earn way more than you would be able to do alone. With these reviews, you can make an informed decision and gather a team of miners to achieve your goals. Good luck!

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Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?

  • Yuri Molchan
    ⭐ Features

    Stablecoins show hardly any volatility compared to Bitcoin and altcoins, many are hoping that they will be able to bridge new crypto economy and regular fiat money


Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?
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Bitcoin, the father cryptocurrency, emerged in hope that it will remove all intermediaries in electronic commerce that cut off their share of payments. BTC was perceived as a P2P way to replace fiat cash in an electronic format, which would enable one party to pay another without any financial institution or payment platform which would demand its share of a transaction as a reward for its services.

What is wrong with Bitcoin

For quite a while Bitcoin was performing the way the crypto community expected. But the situation changed later – BTC rate became weaker, thus bringing down its financial and economic reliability, when it gets to be used as a regular means of payment.


You cannot have a currency that would cost like a British castle today, a gram of gold – tomorrow and a pack of French fries the day after.

At that point practical fintech minds came up with an idea of creating something which would become a breakthrough in the universe of crypto – a so-called stablecoin.

Will stablecoins solve the volatility problem?

Technically, stablecoins are protected from the volatility roller-coaster that Bitcoin and other cryptos love to ride. They are programmed to keep their prices stable and investors now are largely attracted to this new type of digital assets.

Stablecoin does not show any volatility in its monetary value, since it has a fixed connection to an asset it is pegged to. The major goal of using stablecoins is taking the best from decentralized crypto coins and combining it with a constant value. Thanks to it, stablecoins can be used as a reliable means of trade.

Asset-pegged stablecoins

Asset-backed ones get their value from an asset as can be understood from the name. An asset provides the necessary value to a coin, as well as the necessary legitimacy.

A great example of an asset-pegged stablecoin is Tether (USDT). In spite of a series of scandals at the end of last year, it remains the most popular stablecoin in the crypto market.

Recently, it has partnered with the Tron Foundation to launch a Tron-based stablecoin.

Other examples are TrueUSD (TUSD), USD Coin (USDC), the Gemini Dollar (GUSD), and the Paxos Standard (PAX). They are all pegged to the USD.

Crypto-backed stablecoins

Some digital coins work in a similar way to fiat-backed ones, however, they are pegged to collateral crypto. That means that crypto assets that ensure the value of such stablecoins are stored in a wallet similar to escrow.

A good example of a crypto-pegged token is Maker, which is ranked 16 on CMC.

Algorithmic stablecoins

Even though, stablecoin can be interesting at first thought but the way they are built goes against the principle of decentralization that crypto coins have as a foundation. Thus, many crypto fans and evangelists are positive that stablecoins must be linked towards not a centralized asset but a computer algorithm which takes value from a balance between supply and demand.

Basis is now considered the most promising algorithmic stablecoin of all.

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Can stablecoin ensure smooth future for the crypto industry?

The primary goal of all crypto assets was and remains to come up with virtual asset that would be liquid enough and not vulnerable to market volatility. From this point of view, stablecoins are a dream of all crypto fans and evangelists of a decentralized economy.

Apart from the potential to conduct crypto transactions smoothly, experts believe it can bridge the two worlds – fiat and crypto, bringing them a mutually beneficial coexistence. However, that may take time.

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