Best Ethereum Classic (BTC) Mining Pools

Mining the second cryptocurrency by capitalization – Ethereum (ETH) – is one of the popular options for making money in the digital asset market. Against the backdrop of the overall growth of the crypto industry in 2020-2021 and the project team's preparation to transfer the coin to a more environmentally friendly PoS mining algorithm, the startup found itself in the spotlight of investors.

Market participants who want to make money on ETH have a choice: solo Ethereum mining or working in a pool. The latter option may bring more profit. We tell you the advantages of each method and which Ethereum mining pool is better.

Ethereum Mining Pool: What it is

Ethereum can be mined using ASIC miners and on home computers with video cards, unlike Bitcoin. Pools for ETH are special servers that distribute the tasks of calculating new blocks among miners. A particular counting system determines each participant's contribution; in accordance with this, the reward is determined, and coins are paid out.

How to Choose Best Ethereum Mining Pool

There are many factors for choosing an Ethereum mining pool, but there is no objectively best service; it depends on the equipment and conditions.

Commission payments on different sites differ slightly and, in most cases, amount to 1-2%. The second factor is the availability of statistical data about the pool. By analyzing the available information, you can determine the service's power, popularity, mining efficiency, block sizes, etc. If the pool administration does not provide enough data, it most likely has something to hide. You need to be as careful as possible with such services.

The next important factor is the frequency and minimum withdrawal threshold. So, when mining on 2-3 or more video cards, the reward is usually paid daily. The minimum payout amount depends on the threshold set by the exchange where the e-wallet is registered. For example, on Poloniex, the minimum withdrawal is 1 ETH. The pool's power can also affect the size of payments because the more miners work on calculating a block, the faster the result is achieved.

To make the right choice, it is important to read reviews from users of different services or, as an option, conduct testing: connect your equipment to each of them for 1-2 days and then compare the results.

ETC Mining Pools: Top 5

Official Ethereum pool – Ethpool.org

The first number on the list is the Ethpool.org pool, which appeared earlier than all others and today unites about 20% of all ETH miners. Due to server overload, Ethpool.org did not accept new members for several months. Since there was no alternative to this resource then, many miners had to go solo.

Ethpool.org hash rate: 1.6 Thesh/sec., commission: 1%. Participants from Asian countries contribute the greatest percentage to the service's performance —up to 40%. The average time for calculating a block in a best ethereum mining pool is 15 minutes. Today, there are between 1200 and 1400 active network participants. There is a button to call technical support: GetSupport.

Nanopool

The largest resource for mining ether and some other cryptocurrencies. Today, it employs about 50 thousand miners, providing total productivity of 17-18 THash/sec. and generating up to 800 new blocks daily.

Commissions and withdrawal thresholds are approximately the same as in other Ethereum mining pools (from 0.1 ETH daily).

Weipool

The Weipool service opened relatively recently, in 2015. The developers published its source code on the Internet, resulting in the number of Ethereum mining pools increasing several times. The total power of Weipool is 0.3% of the network, and the number of blocks mined daily is 15-16.

The developers have created a nice, user-friendly interface for the convenience of miners. Statistical data is published on a separate page, and there is an FAQ section.

DwartPool

The popular service DwartPool actively cooperates with Ethereum. The pool's ETH miners are productive at 6.25 THash/sec, and up to 250 block calculations are performed daily.

You can start working in DwartPool without registration. To mine ether, you only need wallet details and software. Payment calculation methods (RBPPS and HBPPS) are beneficial even for beginners with little computer power.

Supernova

The Supernova mining pool has existed for several years, but only recently did its founders decide to add ether to the list of coins. To work on the site, you need to register. The etc mining pool hash rate is 55 thousand Mhash/sec, the number of active participants is 500, and the commission is 1%. The withdrawal fee is small—0.001 ETH—and the mining program is standard—ETHMiner.

Calculating ETC Mining Pool Profit

The main indicator of production is efficiency, so to make the right decision, you need to calculate alternative options, which require regular time. In addition, during the calculation process, the human factor cannot be excluded, leading to an error and a new verification of the results. The etc mining calculator simplifies the calculation process, helps save time, and eliminates incorrect results.

Conclusion

Overall, Ethereum mining pools are a great option for passive income. Mining using an Ethereum mining pool can significantly increase the chances of success, which is especially important now when competition in the mining industry is incredibly high, and the complexity of the network is constantly growing. There are different etc mining pools in the digital asset market. Most platforms have their advantages and disadvantages. Therefore, you need to approach the choice of pool carefully.