Everyone is aware that digital currencies are at its peak right now. Ethereum is one of the cryptocurrencies that have stood out in the market. You may have also heard that Ethereum mining can be a lucrative business.
Once it has been decided to mine Ethereum, the next step is to join one of the best Ethereum mining pool. Unions of miners that work together to mine Ethereum are mining pools. Joining a pool is beneficial since it can lower the changeability of your payouts by offering small and more frequent payments rather than an accumulative one which is only received when a block is solved.
The best Ethereum mining pools
Following are the best Ethereum mining pools so a miner can positively decide which one to join:
These both platforms are operating from different websites but contribute to the same pool. This pool is one of the largest one the Ethereum network with over 60,000 miners using the pool software. Both the pools charge a percent fee on the reward you receive, which is one of the cheapest fees of any pool.
Nanopool is also one of the largest mining pools with over 38,000 miners. The pool fees is also less than most of the competitors at 1% only. The default minimum payout threshold is 0.2ETH but it can be raised and lowered through your settings. The interface is pretty straightforward and simple to use. Due to its simplicity, the community has reported to trust this pool.
Dwarfpool was once a market leader, however, it is now a smaller pool right now. Like the previous pools, it only charges a 1% fee on the block rewards. The pool pays out 6 times per day unless you are mining with a powerful mining rig or utilizing multiple miners.
Dwarfpool is not only meant for Ethereum users. It even supports other coins like Expanse, Monero, Zcash and Groestlcoin.
This is one of the largest Ethereum mining pool. You can even mine Bitcoin out of this pool. This site is not popular amongst most of the people because the site is only available in Chinese. This is the reason the pool is mainly popular in China, and then Asia. There is high demand for Ethereum in Asia this is why this makes this pool so big. The pool charges 3% on each block reward.
EthereumPool.co is a stable and transparent mining pool. It charges 1% fee on every block reward you receive. The miners can receive their payouts 2 times a day for balances higher than 0.5 ETH.
You must not choose the wrong mining pool if you want to make the most out of this business. Out of a huge variety, these were the best mining pools that are fairly reliable and most of them have the same fee structure. In the end, all that matter is your comfort. Choose one which makes you comfortable and which you are ready to rely on.