Monero Pool Rating

At the dawn of the emergence of the cryptocurrency market, most miners worked alone, preferring to mine digital money solo. As capacity increased, this activity first became unprofitable and then completely unprofitable. Even miners with farms of several dozen video cards could calculate blocks for months and still not earn anything. Combining miners into pools made it possible to obtain a greater total power of all computers involved and, therefore, had a greater chance of calculating the coveted hashes. We bring to your attention an overview of the five most popular xmr mining pool for mining Monero coins.

Why choose Monero Mining Pool?

Monero mining pools were far from the first on the network. It's easy to guess that Bitcoin has also become a pioneer in this matter. Bitcoin mining pools began to appear back in 2010. As the difficulty of mining other cryptocurrencies increased, their miners also began to consolidate. The popular coin Monero did not escape this fate.

Earnings in pools are distributed according to several standard schemes, but they generally depend on the power of the equipment provided for public use.

Monero Pools Location and Distribution

The pool server's location can impact the mining's speed and efficiency. View Monero mining pools whose server is closer to your location.

Remember that selecting the best mining pool relies on your needs and preferences. Do your research and perhaps try a few different pools to determine which is best for you.

Choosing XMR Mining Pool: Factors to Сonsider

How do you choose a mining pool that suits you? This is an important decision that can significantly impact your profits and mining experience.

Factors to consider when choosing a pool:

• Pool size: Large pools find blocks more often, but the reward is divided among more users. Smaller pools may offer larger block rewards but are less likely to find blocks.
• Fees: Monero pools may charge a fee, which reduces your profits. Review the pool's fee structure before joining.
• Payout Structure: Monero mining pools may use different payout calculation methods. Some methods offer a fixed amount for each share of computing power, while others offer an allocation based on the number of shares.
• Reliability and Security: Check how reliable and secure the Monero mining pools are. A good pool should have high availability and take measures to protect against hacking.
• User Interface: A user-friendly interface with useful features can make mining easier. Check if the pool has a convenient and understandable interface.
• Community and Support: Pay attention to how supportive the pool is of its users and the presence of an active community.

Monero Mining Pools: Top 5 in 2024

MiningPoolHub

The largest Monero mining pool, with a hash rate of 13.5 MH/sec, accounts for about 5% of the total number of transactions in the Monero network. Pool participants spend approximately 40 minutes mining one block.

The service cooperates with cryptocurrency exchanges Bittrex, Poloniex, and other platforms. To withdraw coins, you need a Payment ID (entered into your account on the exchange). MiningPoolHub operates with the lowest commission - 0.9% plus 0.015 XMR for each withdrawal. The rate is fixed and does not depend on the payment transaction amount.

Among the advantages of the service, it is necessary to note stable, uninterrupted operation (this is very rare for monero mining pools).

Cryptopool

The service is registered in France and works with several popular cryptocurrencies. Provides about 10% of the power of the Monero network. Blocks are generated with a frequency of 1 time every 2 minutes (every 20-25 minutes, miners receive the right to sign with a hash). More than 2 thousand active users are registered on the site. Their income depends on the performance of the equipment and can be up to 30-40 XMR per day.

MinerGate

One of the most popular multi-currency pools supports BTC, ETH, XMR, and two dozen other alternative coins. It also has an application for mobile devices.

The MinerGate hash rate is 32-35 sHsh/sec. (15% of the Monero network). This means that the miners of this pool calculate almost every seventh block. A MinerGate user with equipment with a capacity of 1 thousand Ksh/sec. Can earn 0.1 Monero per week, which translates to approximately $23.

DraftPool

It is quite a popular xmr pool mining. The resource hash rate is 18 hash/sec. Registration on the site is not required, and neither is any high-performance equipment. The pool is perfect for miners who do not have special equipment. There are still few participants, so the ability to calculate the hash is higher.

DraftPool is a universal pool for participants with different computing power. The commission is quite high, but XMR withdrawal occurs automatically. The servers are reliably protected from DDoS hacker attacks and are always available for work.

MoneroPool

Unlike all the resources listed above, MoneroPool works exclusively with the cryptocurrency mentioned in the service's name. While it is just being developed, the total power does not exceed 304 Mhash/sec. The number of miners is 600. A block is calculated every 3-4 hours, with breaks of up to 12 hours sometimes.

In general, this pool is very similar to Cryptopool. It has seven ports designed for a complexity of 25,000. The power of the equipment is not restricted; any miner can start working immediately after joining one of the ports.

Calculating XMR 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 Monero mining calculator simplifies the calculation process, help save time, and eliminate incorrect results.

Conclusion

Monero mining pools have irrevocably changed cryptocurrency mining, becoming the backbone that allows individual miners to continue to play an important role in validating and creating new blocks.

By joining the xmr mining pool, miners can gain a more stable position in the industry, using the pool's resources to receive a stable return on investment.

With careful selection and due diligence, miners can use the collective power of the Monero pools to their advantage, ensuring their continued contribution to the development of the blockchain and the continued democratization of cryptocurrency.