Top 5 Best Ethereum Mining Pool Options in 2019

Anisa Batabyal
| 20 September, 2019 | 2 min

Mining pools are the platform where many miners come together closely to mine Ethereum. So whenever you join a pool, you tend to lower the volatility of the payouts by providing frequent payments instead of a lump sum only when the block is resolved. To reduce the variance, the mining pools combine the hash power of several miners. Ethereum mining is similar to that to Bitcoin where the miners use their systems to guess answers to the puzzle quickly and repeatedly for every transaction block until one gets the correct answer.

Specifically, the Ethereum miners run the unique header metadata for a block by a hash function while changing the nonce value. The miners who find hashes matching the target receive Ether and then broadcast this block across the network. Each node then validates the block and adds it to its copy of the blockchain ledger.


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Here is a list of the top 5 Ethereum mining pools:

#1 Ethpool

ETHpool is one of the best web-based Ethereum mining pools which comes with DDoS protection and has a global mining network. Ethpool servers are located in major regions around Europe, the US, and Asia, and supports miners like eth-proxy, ethminer, cudaminer and qtMiner. Ethpool has a very unique payout scheme and it comes with an efficient mining engine. Along with the low rates, the mining pool takes care of the transaction fee, so it's basically an Ethereum mining pool free of cost. It even offers a third-party Android Application which provides you with details regarding your account and also monitors the Ethereum mining pool stats, hence one of the best Ethereum mining pools 2019.

Pros:

  • Low uncle rates as compared to the other ETH mining pools, Free Ethereum mining mostly
  • A third-party Android application monitors the ETH mining stats

Cons:

  • Mining Fee can be tagged as high for some people.

#2 Ethermine

Ethermine is like the twin brother of Ethpool, which is almost similar, with a few difference in features. Ethermine offers PPLNS payout scheme, that too instantly. It lets you fix a customizable minimum payment threshold like 0.05 is the minimum, 1 Ether is the standard and 10 Ether is the maximum. Ethermine helps you with an accurate reporting on hash rate on a daily basis and Ethermine also takes care of the transaction costs and the block where you don’t have to worry about it. It has DDoS protected servers located in places like Singapore, Paris, US (East) and the US (West).It has an IOS and Android smartphone app as well to keep you updated with the accounts stats, and one of the fastest ethereum miners.

Pros:

  • Instant payments and simple interface
  • Does not require registration, accurate ethereum miner pool stats

Cons:

  • charges an additional fee of 0.001 ETH for a withdrawal of less than 1 ETH.

#3 DwarfPool

Dwarfpool is not just available for mining Ethereum, but other cryptocurrencies as well like Monero, Zcash, EXPANSE, and GroestlCoin. Dwarfpool is an optimized stratum pool engine available online and has the most profitable Round Based Payment System (RBPS). It offers a fairly transparent mining statistic related to the mining account, which can be monitored via email. It also has an auto-payment feature, which sends the miners their payment once an hour. DwarfPool has powerful servers located across the globe and there are no transaction or hidden fees. IT provides support in English and Dutch languages.

Pros:

  • You can mine multiple cryptocurrencies.
  • Instant payment feature and detailed mining pool report synced with email.

Cons:

  • 1% mining fee is not considered economical by many people

#4 NanoPool

NanoPool is one of the most popular web-based Ethereum mining pool. Along with Ethereum, you can even mine other cryptocurrencies like Zcash, Siacoin, Monero, Pascal and many others. NanoPool offers a low transaction and uncle fee and is based out of China. In order to start mining with NanoPool, you need to install Claymore Dualminer and extract the file in a folder after which you need to configure and execute the start.bat file.

Pros:

  • User-friendly interface and the setup is very easy
  • Profit can be calculated for a certain period of time
  • Lower mining fee as compared to the others

Cons:

  • Frequency to server lags and lower ping is high

#5 Mining Pool Hub

Mining Pool Hub was started by a dedicated group of Ethereum enthusiasts and now it has grown to be the second-largest global pool. The charges are calculated based on rewards of the block finding fee, bonuses, transaction fee, and some added incentives, too. Mining Pool Hub has servers available in Asia, North America and Europe, with a mining fee of 0.9% (Ethereum mining pool calculator). The servers are redundant irrespective of the locations, so no need to worry about backups.

Pros:

  • Algorithm Switching feature allows you to mine multiple tokens of the same algorithm.
  • Auto Algo Switching feature will mine the algorithm whichever has the maximum profitability.

Cons:

  • Specifically meant for the professional miners, as the user interface is not that friendly.

Frequently Asked Questions (FAQ)

1. Which pool is best for Ethereum mining?

You can choose any of the above-mentioned pools, as per your feasibility.

2. Is Ethereum mining still profitable in 2019?

Although mining is a risky process, miners still continue to get rewards.

3. How long does it take to mine Ethereum?

The average tie is around 12 seconds to mine Ethereum.

4. How do I start mining Ethereum?

You will need to have an ETH wallet and a mining pool to get started with Ethereum mining.

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