Sigmapool Mining Pool Review
As technologies for cryptocurrency mining develop, the number of pools through which blocks can be generated for Bitcoin and other coins grows. Sigmapool is a fairly well-known project and is well-suited for Russian-speaking users, allowing you to mine three types of assets, including the ability to download an application for Android or iOS. In our review, we will study the service's main features and evaluate its prospects.
Sigma mining pool started its work 5 years ago and has a Singaporean registration. Initially, it was adapted for Bitcoin mining, and since 2019, the option to receive BSV has appeared. The platform is considered a good option for miners, and its computing power is 4% of the blockchain hash rate, while the number of workers reached 17 thousand at the end of last year. You can earn money by mining Litecoin, Dogecoin, and Bitcoin, but ETH and other popular assets are unavailable.
What you need to know about Sigmapool:
- servers are located in the Russian Federation, China, Europe, and the United States of America;
- you can receive rewards using the PPS, FPPS, and PPLNS algorithms, and payments can be increased if you choose solo mining. So you get rid of other contenders for the award, but powerful equipment is necessary for successful activity;
- you can withdraw funds after setting up the reward calculation mechanism. In particular, you need to specify the Sigmapool donation in the amount of 0% -5%, the payout threshold, the wallet address (from 2 to 10);
- the commission is 1%, while when choosing the automatic accrual of remuneration upon withdrawal, the user does not bear additional costs. It should be borne in mind that you can transfer to the wallet from 0.002Bitcoin, 0.01Litecoin, and 250Dogecoin. In manual mode, the limits are other 0.0005, 0.1, and 20, respectively;
- official website https://sigmapool.com/;
- you can use a profitability calculator to select the most suitable coins for mining;
- there is a support service in different languages, and you can ask support representatives how to withdraw assets, register, log in from a new device, etc .;
- the creators of the project make it possible to mine BTC, as well as DOGE and LTC (in conjunction) through a mobile application, as well as receive rewards as part of participation in the referral program. Additionally, you can use the chatbot in Telegram;
- a connection is provided through CloudFlare, reliable DDoS protection, and SSH keys authorization to ensure security.
The official website of Sigmapool is notable for its concise design and good internal navigation, and it also has an integrated cryptocurrency exchange for easy asset management.
Overview of the advantages and disadvantages of Sigmapool
There are not so many significant disadvantages of the service, and these are the minimum set of mined cryptocurrencies (there are only three of them) and the lack of software for a PC. It is also inconvenient that Dogecoin and Litecoin must be mined together. But there is practical and multifunctional software for iPhones and phones running on the Android OS. The application is small, has a high work speed, and consistently receives excellent reviews in official software stores and independent portals. Sigmapool also attracts miners:
- fixed fees and a small commission;
- the possibility of buying and selling coins without using third-party exchangers allows the platform to earn extra money, and users do not take risks by collaborating with dubious sites. Conversion is carried out starting from 15 USDT;
- the presence of a Russian-language version;
- informative section with questions and answers;
- professional technical support, which is available 24/7;
- no additional fee for automatic withdrawal of funds;
- variability of algorithms for calculating rewards for crypto mining;
- the prospect of earning on attracted partners;
- specialized software for overclocking equipment to maximum power to increase the profitability of the block generation process.
To start mining bitcoins and altcoins, the user must go through the registration procedure, which will not take much time. It will be enough to enter an e-mail and come up with a password, and after receiving the code, confirm the creation of an account. All current operations are carried out using a personal account, which includes 7 sections. Particular attention should be paid to security settings, namely to activate two-factor authentication to eliminate the risk of unauthorized access to accounts. The mining process itself takes place as a standard. You need to create workers, connect equipment and set parameters for video cards, and then control ASIC operation through the control panel.