cryptodailytrading.com

Best Monero Mining Pools 2019

  • Vera Thornpike
    📚 WikiCoin

    Getting Monero without breaking a sweat? It’s possible thanks to the top XMR mining pools. Discover the most reliable and efficient Monero mining pools 2019


Best Monero Mining Pools 2019
You may also like:
Contents

Despite the bearish character of the market, some people haven't lost hope and continue mining cryptocurrency. All in all, this is still the easiest way to earn some digital coins – once the mining rig is set up, you don’t have to break a sweat to make a profit. However, the computations are becoming more and more complicated, so miners become disappointed in Bitcoin and Ethereum and switch to other coins instead.

For this reason, many start mining Monero: this is one of rare cryptocurrencies that can even be mined with a smartphone. But if you want to have higher chances of mining success, consider joining a Monero mining pool. This way, you’ll be able to generate blocks faster. Let’s observe the worthiest Monero pools for this year.

image


How to select the best Monero mining pool?

In order to choose the most efficient and safest platform, you should consider the following points:

  • Is any fee charged? Typically, Monero mining pools have a 1-2% fee.

  • What’s the total hashing power of the pool?

  • What is the minimum payout threshold? The lower, the better, especially if you have relatively weak mining hardware and need frequent payouts.

  • What’s the location of the pool servers? You need a pool with servers that are as close to you as possible (it should be at least on the same continent). The closer the servers are to your location, the higher the hash power will be.

  • The uptime should be at least 99% for your mining process to be uninterrupted.

To simplify the process of picking up the best Monero mining pool, we have analyzed the most popular options. It will help you to select the most agreeable solution.

👉MUST READ Best Monero Mining Rigs: How to Build a Cheap XMR Rig?
Best Monero Mining Rigs: How to Build a Cheap XMR Rig?

Minergate

This Monero mining pool has been very popular due to several reasons. First, it ensures 99.7% uptime (which means there are practically no interruptions in the mining process). Secondly, it has a standard 1% fee – it’s more than agreeable. Minergate also has a very low minimum payout of 0.01 XMR, so you can easily have daily payouts.

To top it off, web mining is also available with Minergate. That’s what made the platform so popular. Minergate contributes roughly 16 MH/s to the world hashrate, which is approximately 460 MH/s.

Best Monero Mining Pools 2019

MoneroHash

One of the oldest Monero mining pools, MoneroHash was established in October 2014. Its mining fee is a bit high (1.6%), but you avoid transaction fees by mining directly to the exchange wallet. The payout of 0.5 XMR is agreeable, so you should consider this solution, if you don’t have a particularly powerful mining rig. The hashrate at MoneroHash is 4.32 MH/s and uptime over the recent months was a solid 99.92%. The platform offers servers in the U.S. and finds blocks every 2 hours.

Other advantages include:

  • DDoS protection,

  • Integrated address support,

  • SSL/TLS encryption and IPv6 support.

MineXMR

MineXMR charges the same 1% fee as other mining pools, but what makes it stand out from the crowd is a low 0.004 XMR minimum payout, which guarantees you daily withdrawals. The uptime is unbeatable: 100%. Block generation is 45 minutes, and you can choose servers from all over the world. Currently, the hashrate remains over 95 MH/s. It’s not the highest number, but still more than enough for successful mining. Considering all that, it’s no surprise that mineXMR counts over 25,000 active XMR miners from all over the globe.

Best Monero Mining Pools 2019

Nanopool

This is another popular option among XMR hunters. It implements the standard 1% mining fee, though uptime isn’t stable: it used to be 92.74%, but sometimes stays at the level of 99.99%. The minimum payment is 0.3 XMR, and Nanopool has several payment rounds per day. One reason to avoid Nanopool is that it currently has the largest hashrate of any pool at 103 MH/s, which means the number of users is too large. At the moment, overall number of miners exceeds 100,000, and the community continues growing.

While the default payout is 1 XMR, you can change this amount without raising the fee. Additionally, there are a few useful tools for mining and professional recommendations. Users can enjoy extra perks, including PPLNS reward system. Note that the coins you earn can be exchanged for other cryptocurrencies in the pool.

Best Monero Mining Pools 2019

Monero Crypto Pool FR

Monero Crypto Pool FR is a great option for European based miners, though the uptime leaves a lot to be desired: recently, it was only 81.79%, which is simply unacceptable. Besides, the mining fee of 2% is quite high. Minimum withdrawal is 0.3 XMR, and the hashrate is 13.51 MH/s MH/s

Why then choose Monero Crypto Pool FR? This French mining pool ensures a decent level of security and a stable connection. It finds blocks every 7 hours, which is agreeable for having payments made once a day. Its community counts over 1,500 miners, and you will surely find someone trustworthy to cooperate with.

👉MUST READ Monero Price Prediction 2018: How Much Will XMR Cost?
Monero Price Prediction 2018: How Much Will XMR Cost?

Support XMR

This pool supports XMR mining only, and it has a low fee of just 0.6% and a minimum payout of 0.1 XMR. Seems to be a pretty sweet concept, doesn’t it? Let me add an extra layer on this cake: SupportXMR pays their miners every two hours, and users are free to set up their own payment limits for regular and exchange wallets. You can also monitor the performance of your rigs on the per worker hashrate chart. The pool is popular, as you can tell by its 82.89 MH/s hashrate. Recently, Support XMR had an uptime of 100%.

Monero pool comparison

Let’s compare the above-mentioned platforms.

 

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%

103 MH/s

> 100,000

-

Support XMR

0.6%

82.89 MH/s

6,900+

2 hours

Monero Crypto Pool FR

2%

1.93 MH/s

1,500

7 hours

As you can see from the table above, Support XMR 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...

Alternatively, you can try such pools as:

  • XMR.poolto.be

  • XMR.prohash.net

  • XMR.prohash.net

  • XMR Pool.net

The number of users there doesn’t exceed 1,000, but they provide a decent hashrate and different server locations. Choose a mining pool with servers in your country/continent – this way, you will enjoy better results.

Here’s a breakdown of Monero mining pools by server location:

Europe

USA

Asia

Xmrpool.eu, xmrpool.de, poolto.be, xmr.prohash.net, sheepman.mine.bz, xmr.mypool.online, bohemianpool.com, moneropool.com, moneropool.nl, minercircle.com, dwarfpool.com, ratchetmining.com

Monerohash.com, monero.us.to, usxmrpool.com, xmrpool.xyz, minemonero.gq

Alimabi.cn, pooldd.com, monero.reifly.id

Want to find mining partners some other way? Visit forums, such as Reddit: there, you will find information about Monero mining. Don’t forget to read the reviews about mining pools on some independent websites. Using a reliable Monero mining pool, you can multiply your riches quickly and with minimal effort.

Cover image via u.today
Join our Telegram channel to get news even faster!
👓 Recommended articles

Is Litecoin a Good Investment in 2019? Is It Safe to Invest in LTC?


Is Litecoin a Good Investment in 2019? Is It Safe to Invest in LTC?
You may also like:
Contents

Each cryptocurrency has its own positive features and unique peculiarities that allow it to develop and grow steadily. Among all representatives of the market, Litecoin stands alone. The project successfully combines the fundamental factors by which it can claim continued growth in the capitalization rating.

The forecast for 2019 clearly indicates that its most important distinctive details will surely help it move forward, imposing serious competition to the rest of altcoins.


👉MUST READ Zcash (ZEC), Litecoin (LTC), and Dash (DASH) Had Biggest One-Year Increase in Circulating Supply
Zcash (ZEC), Litecoin (LTC), and Dash (DASH) Had Biggest One-Year Increase in Circulating Supply

Features and principles of functioning

Appeared in 2011, the project immediately attracted the attention of users. Its creator, Charlie Lee, has focused on protecting his own cryptocurrency from possible future problems. So, unlike its older brother Bitcoin, Litecoin was initially ready for scalability. LTC cryptocurrency is in permanent operation due to a large number of copies of the program, whose source code was published a week before the start of the plan. The client guarantees security, and its new version has SegWit support.

Litecoin is endowed with a whole list of features.

  • Chain of blocks. This allows you to process a much higher volume of transactions compared to its “big brother”, Bitcoin. It is achieved by increasing the frequency of generation of new blocks, which gives a chance to maintain a larger volume of ongoing operations without modification and, if necessary, change it in the future.

  • Wallet encryption. Encryption allows you to protect yourself from fraudsters. Thanks to this feature, you have to enter a password every time a cryptocurrency is spent. The user also has the ability to view the transactions and account balance. Encryption protects against various viruses that can steal a wallet password and coins.

  • Reward. At the moment, miners get 25 coins for each confirmed block. Following statistics, the number of coins is halved every 4 years.

  • Mining. The mining algorithm of Litecoin is similar to the algorithm of the most famous cryptocurrency, Bitcoin. The main difference lies in the intensive exploitation of RAM during the mining of LTC. Therefore, it is advisable to use ordinary computers with GPU instead of machines with a powerful specialized CPU, for which development becomes quite problematic. The maximum supply of coins is 84 million, and this is almost four times the corresponding number of Bitcoin.

It can also be noted that Litecoin is written in the C ++ programming language. Among the supported operating systems are Windows, Mac OS X and Linux, and many others.

👉MUST READ Top Cryptocurrencies by Mining Revenue in 2019: Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC), Litecoin (LTC), and Bitcoin Cash (BCH)
Top Cryptocurrencies by Mining Revenue in 2019: Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC), Litecoin (LTC), and Bitcoin Cash (BCH)

Relationship to Bitcoin

Despite the strikingly close relationship with Bitcoin, which must be taken into account when analyzing the feasibility of investing in Litecoin for 2019, it is worth noting that the distinctive features of cryptocurrency should be its main development. At the same time, the most important unique features are:

  • More organized, centralized money management

  • High transaction speed

  • Low commission for transactions

  • Ease of making transfers

Charlie Lee stressed that it is Litecoin who is obliged to take the place of the currency that the majority of users will use. At the same time, the existing simplicity, speed and availability of transactions should contribute to the achievement of this goal. In this case, the prospects for the growth of crypto-finance will impress even the most optimistic people.

Differences from Bitcoin

Although the Bitcoin code is at the heart of Litecoin, there are still differences, and in some cases significant. One can distinguish the main ones:

  • More efficient use of a computer’s central processor (CPU) than a video card (GPU), which is fundamentally different from the main cryptocurrency.

  • Due to the increased block generation rate, the transaction is rather short-term and takes no more than 150 seconds.

  • The opportunity of mining in wallet in the SOLO mode or a pool.

  • Mining complexity is recalculated much faster than of Bitcoin’s one.

  • The emission is four times the BTC emission and makes up 84 million coins.

Similarities with Bitcoin

On the other hand, there are also some similar features with the main cryptocurrency:

  • Mining is performed in the same way, albeit using different functions.

  • There is no external control due to the decentralized type of network.

  • Both cryptocurrencies have a limited supply of coins.

  • The anonymity of both wallet owners and miners. Complete freedom of disposal of funds on the wallet.

  • A transaction cannot be undone.

Thus, it can be said that differences from Bitcoin make Litecoin a distinctive digital currency capable of expressing itself in the future.

What about disadvantages?

However, negative factors also exist:

  • With the creation of ASIC-miners, it is more difficult for ordinary users to mine cryptocurrency, and power is concentrated in the hands of large companies.

  • The failure of the LitePay service dealt a serious blow to the popularity of the virtual coin. The developers planned to create a system that had different integration with Visa. Despite the active work and the investment of a large amount, the project was not able to start. In the company, no one could explain what the money was spent. The scandal undermined the credibility of the digital coin.

  • Interdictions at the level of state authorities. Many states cannot decide on the status of digital money. Laws are either not released or are in development process. Only a small number of countries have completely legalized cryptocurrencies.

👉MUST READ The Best Litecoin Wallets 2019
The Best Litecoin Wallets 2019

How to invest in Litecoin

The easiest answer is to do it through exchanges.

Most investors and traders purchase Litecoin for US dollars or BTC (Bitcoin). Since different trading platforms have different trading or purchasing power, be sure to check whether your exchange supports transactions in US dollars or BTC for LTC.

LTC logo
‘Litecoin with man using a tablet computer‘ Image by 123rf

As a rule, the best option is to use a large trading platform, such as Binance (where you can exchange BTC for LTC) or Coinbase (to use a credit or debit card in US dollars).

However, since the cryptocurrency market is a large and, moreover, unregulated industry, it should not be viewed as the same type of investment opportunity as shares of stocks, bonds, or other securities. In fact, traders and investors should consider lots of factors when investing (especially given the volatility of digital assets in recent months).

Ways to earn Litecoin

Besides investing, there also other options to get LTC:

  • Mining. Litecoin is still in its heyday, as was once Bitcoin. With the help of the computing power of a personal computer, it is still possible to actually generate new coins.

  • Cloud mining. The client rents the computing power that Litecoin uses to generate the coins. However, this is a controversial decision. After all, this practice means that landlords of personal computers get more profit than the mining of Litecoin itself.

  • Litecoin cranes. Cranes are advertising sites where a user must enter a captcha and receive a small amount. It is difficult to call it a serious earning as for the whole day you can get only a couple of dollars at best.

Comparing all options, we can say that active mining remains the main method of obtaining LTC.

Technical analysis features for 2019

Since the bottom of Litecoin marked by Charlie Lee has already been passed, you can pay attention to the prospects for further development of the project. As of April 17, 2019, the cryptocurrency chart looks the following way:

 Litecoin chart
Image by Tradingview

It is important to pay attention to the level of $80 – it can be considered as an important support zone, consolidating at which can open the way to growth. Given the damage caused by the protracted fall, it is crucial to clarify that before the beginning of the active growth phase Litecoin should (just like other representatives of the cryptocurrency market), go through the recovery stage. As a rule, it is expressed in a prolonged neutral-positive movement.

The first half of 2019, in the wake of the shocks experienced by market participants, may become a consolidation period. The transition to the bullish movement can be supported by plans of entering the industry of Bitcoin ETF, the opening of the Bakkt platform and a number of other events that can attract serious investment flows.

👉MUST READ Forbes: Litecoin (LTC) Price Triples in Q1 2019, Gaining Over 200%
Forbes: Litecoin (LTC) Price Triples in Q1 2019, Gaining Over 200%

Selling coins for the community’s benefit

Charlie Lee, the creator of Litecoin, sold all his LTC to avoid accusations about the impact on the rate of the coin. This action was intended to make Litecoin an even more decentralized currency. And, despite the fact that after the sale of coins, the Litecoin exchange rate fell, in the long term, such a decision by the creator of cryptocurrency can bring him multiple benefits.

“For a currency to really be … a worldwide decentralized currency, you can’t have … a real leader who’s trying to control things, so to make it more decentralized, eventually I would step away,” said Charlie Lee.

Litecoin showed its record maximum at the moment in December 2017, when one coin cost $374. After its creator sold all of its assets, the price of the altcoin plummeted, and Lee was subjected to unflattering criticism from users. Many experts also called this move frankly unsuccessful. However, such an ambiguous act can really become the basis for creating the most decentralized digital currency.

In any case, this suggests that Litecoin has a strong developer, strategist, and leader who has a clear motivation and strategy for action. Charlie Lee is engaged in the development of his project, regardless of the value of the currency, and it definitely has a good effect on loyalty to its product from users.

Litecoin forecast for 2019: What analysts say

In the first six weeks of 2019, LTC’s rate went up to a new high, where it is currently trading at around $79.

From August 8, the miners' remuneration will fall from 25 to 12.5 LTC. The reduction in mining income will lead to a weakening of interest in mining of the cryptocurrency. In this situation, the fall in the supply of coins is expected to be approximately double.

According to analysts, the rate of LTC will rise approximately until the beginning of August, when the project will reduce the reward for the mining of coins. At the moment, the cryptocurrency is in 6th place in the rating of the largest digital assets – its rate exceeds $75 with a market capitalization slightly above $ 4.8 billion.

Tom Lee, CEO of Fundstrat Global, is confident that by the end of the year, the rate of the coin may grow by 640%.

Forbes logo
‘Forbes website homepage‘ Image by 123rf

Forbes analyst Billy Bambro said that the 6th largest market capitalization of Litecoin cryptocurrency (LTC) will be ahead of XRP by the end of the year and will take 3rd place.

Although cryptocurrency prices are still far from its previous highs, LTC has managed to double its rate since the beginning of 2019.

Bambro believes LTC pricing is a response to the active efforts of the Litecoin Foundation and developers to improve coin security and privacy, in addition to choosing several well-known partners.

The eToro analyst team, led by Mati Greenspan, conducted a serious study of Litecoin. According to its report, the current cost of LTC is significantly underestimated.

The experts note that Litecoin has good network scalability compared to Bitcoin, fast and low-cost transactions and ongoing technological improvements by the Charlie Lee team: atomic swap, Lightning Network, SegWit.

Thus, when making an analytical forecast for Litecoin for 2019, experts take into account all the factors that contribute and increase the popularity of a crypto asset in the future, and also expand its attractiveness in the eyes of investors and the public.

These include:

  • Litecoin functionality → recognition of real practical use

  • Litecoin's technical superiority → faster transaction speed, lower cost, and easy scalability using Segwit and Lightning Network technologies

  • Litecoin decentralization and representativeness → high user confidence and excellent online rating

Among the factors that led to the growth of Litecoin are Microsoft’s plans to create a platform for decentralized processing and storage of digital identification data based on blockchain technology. And Litecoin has become one of those ecosystems that the company considers potentially suitable as the basis of this large-scale project.

These and other advantages of the Litecoin network find a positive response in Litecoin’s forecasts for 2019, and analysts predict a permanent increase in the price of  the cryptocurrency in the May-July period.

👉MUST READ Litecoin Price Prediction — How Much Will LTC Cost in 2019-20-25?
Litecoin Price Prediction — How Much Will LTC Cost in 2019-20-25?

So, what is the decision?

Over the years, Litecoin consistently follows Bitcoin, keeping a little distance from it. The stability of the project is complemented by an important advantage – the coin appeared much earlier than other coins in the capitalization rating. The presence of history allows you to create a “safety cushion” in the form of trust, which is still rare on the cryptocurrency market. Accordingly, Litecoin may well be considered as a good option for investment.

All in all, Litecoin is worth investing in. The top management of the project is actively working on improvements that allow maintaining high positions of “digital silver” in the capitalization rating. In addition, it is likely that in the near future the bear market will completely end, passing the green light to the bulls. This makes investing in the cryptocurrency promising.

Cover image via
Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!
👓 Recommended articles