Coinmine.pl mining pool review: commission, setup, reviews and recommendations

Anton Goloston 03/16/2018

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For miners today there are various options for mining services, and pool Coinmine is not the least of these.

The popular service for collective altcoin mining has all the necessary functions and options that will allow you to mine cryptocurrency in comfortable conditions.

The official Coinmine website consists of two parts.

The main service allows you to mine up to 16 cryptocurrencies, and MixPools (multipool) is used to switch between altcoins, currently only XMR remains there, previously it was possible to switch between 5 cryptocurrencies.

History of creation

The site was launched in August 2013. The first section of the Coinmine block presents the possibility of mining 16 coins.

In the second MixPools block there is only one position – XMR.

For each marker, detailed information is provided in the form of statistics, which hashrate is currently active, the price of binding to BTC, the favorable position of the pool in relation to the dividing criteria as a percentage, as well as the average time to determine the desired block.

Until recently, the distribution of guaranteed earnings took place according to the so-called proportional scheme (Proportional (Prop)).

In this model, the reward scheme provided for the distribution of rewards among all crypto miners, in accordance with the shares sent for the current round.

The current stage of the round ends only when the required block is found, and after that the process begins again.

Currently, the service has switched to reward distribution using the PPLNS method, that is, you need to pay for a certain number of balls for the last recorded time.

To ensure that pool users have uninterrupted access to the service, the administration has placed servers in different parts of the globe.

Depending on your location, automatic geolocation is configured.

Let's take the DASH coin as an example:

• On the European continent, the server is located at dash-eu.coinmine.pl;
• In Asia, server areas are located at dash-as.coinmine.pl;
• In America - dash-us.coinmine.pl.

If you need to find your geolocation, just enter in the first values ​​of the address bar the value of the coin that is available on the official Coinmine page.

There is also no need to constantly be at the computer monitor to monitor the mining process.

You can download the Coinmine Multipool Mining Monitor application, where you will have access to statistics on workers, payments and hashrate.

The operation of the application does not depend on where you are now - at the computer or using a mobile gadget.

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Coinmine.pl – Mining pool review – Statistics and general information

The cryptocurrency pool Coinmine.pl, registered in Poland, is a popular platform for miners who prefer collective mining to single mining. This is a service that is equally convenient for owners of large farms with top-end video cards, ASIC miners and individuals using the power of home PCs.

In fact, this is not one, but two sites. The first one with the announced name. Here you can mine 11 different coins using any equipment. The second is MixPools.org. There are five currencies to choose from.

Detailed statistics are offered for each crypt, with hashrate, rate, chance of finding a block, percentage of success and other data. Remuneration is carried out using the PPLNS method, and not on the proportional principle, as before.

The developers use separate servers for each continent, which made it possible to evenly distribute the load for the EU, Asian countries, and America. Geolocation is configured automatically. It is enough to enter the abbreviated name of the coin in the address bar so that your location can be determined. For example, dash.coinmine.pl.

Working with the service

The developers have provided the possibility of remote access through the CoinMine Multipool Mining Monitor application. Through it, the user receives data on all pools, hashrate, information about each worker and the latest payments.

If you don't know English well, you'll have to learn the terms. There is no Russian localization on the site. Technical support works via a web form and email. Responds to requests promptly.

Registration for each token is separate. During the process, you will need to enter a login password, email, and a four-character PIN code. Next, one or more workers are created. Each one needs to be password protected for additional protection.

By logging into your personal account, you will receive data on mining, including daily and total earnings, pool efficiency, hashrate, data on the latest blocks found by users (confirmed and awaiting confirmation).

What can you mine?

Of the main currencies presented on the site, the most interesting are Dash, PPC, ETH, ETC, EXP. Monero, Ether and Ether Classic, DCR, MUSIC are mined through MixPools.

To extract them you need to download the appropriate programs. Links to them are provided for each coin. Choose what you will use for work - a central or graphics processor, asic-miner. Software is available for different operating systems. We haven’t forgotten about the numerous Linux users, of which there is a significant percentage in the blockchain community. It is indicated which parameters to specify in the config files. The top miners for video cards include Claymore, Stratum and CUDA.

The number of users with connected equipment varies. Sometimes it reaches a hundred or more. The block mining period ranges from several minutes to a day. Coinmine commission is individual for each currency. Minimum – 0.5, maximum – 1.5%.

Withdrawal of earnings

The creators of the project recommend downloading wallets from the official websites of each coin. The address is indicated in the personal data, and a transfer is regularly sent to it as soon as the minimum amount appears in the account. You can withdraw it to one of the popular cryptocurrency exchanges.

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Public information pool Coinmine

• Interface language – English;
• Official Internet portal https://www2.coinmine.pl/ and https://mixpools.org/
• Technical support and management via Slack - https://coinminepl.slack.com/messages/general/.
• Office location – Republic of Poland;
• Technical support email;
• Available coins for mining are AKA, AURA, DASH, DCR, ELLA, ETC, ETH, EXP, GRS, LBC, MUSIC, PPC, SRC, UBIQ, ZСL, ZEC, XMR (information given as of mid-March 2022).

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Pool registration procedure

In order to start mining in a pool, you need to go through standard registration.

Miners can go through both the official account confirmation procedure and anonymous mode.

Some coins can only be generated by registered members of the miners club, in particular - GRS, PPC, SRC, ZCL.

Registration is carried out after you click on the crypto coin, that is, when choosing a new coin, you will have to choose an anonymous or permanent registration type.

Click on the cryptocurrency suitable for generation.

In the upper right corner of the site, you need to place your mouse cursor on the Guest icon.

The Sign Up item will appear in the drop-down mode menu window.

Now you need to provide the following information:

• Pool username;
• We come up with a strong password;
• Confirm the password;
• Enter your email address E-mail (2 times);
• We indicate the PIN code (you will need to save it in a safe place);
• In the checkbox we place an icon that indicates your agreement with the terms of the offer;
• Complete registration by clicking on Register.

In addition to the above 4 crypto assets, you can mine anonymously.

To select the anonymity mode, you need to select the block in the menu located on the left side - Anonymous dashboard.

Next, enter your personal crypto wallet address where your reward will be sent.

We confirm the captcha and agree that you are not an automated bot.

Recommendation! It is not advisable to create multiple accounts from the same IP address. In some cases, the pool's automated or technical service will count your entries as automated bots. You can contact technical support, but the disassembly time may drag on indefinitely.

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General setup rules

After you complete registration, you should create a walker in your account’s work area, maybe several.

For further actions you will need to download the generation program.

On each cryptocoin page there is a technical help section - Help/Getting Started , where recommendations are given on the desired use of software for a specific cryptoasset.

There you will also receive detailed information on setting up and downloading bat files.

The corresponding settings will be indicated in the main window when opening the page for generating crypto coins.

Basic recommendations of the service for installing recommended programs:

• Claymore GPU Miner;
• GPU Miner Stratum;
• CUDA GPU Miner;
• CCminer.

As a rule, up to 2 miners are involved in the online generation process.

During peak hours, the total number of miners can reach a hundred or more.

The time it takes to generate blocks varies, on average from 2 to 6 minutes, for example, for the Dash token, ZClassic.

Some cryptocurrencies take several hours to several days to generate.

Step 1: Now you need to extract the folders from the bat files. To create a walker, you will need to log into My Account, after which we will activate the “My Workers” button.

Step 2. Now you need to enter the name of the miner’s account and come up with a complex password, after which we click on the “Add New Worker” button.

Step 3. Exactly the same data will have to be entered in the uploaded bat file.

Step 4. Next, save the current changes in the online document and then finally close the file.

Step 5. Now we launch it, the generation of cryptocurrencies works in accordance with the established parameters. The mining procedure can be checked in the “Dashboard” sector.

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About the mobile client

Miners can carry out generation not only on a PC, but also using a mobile application that is adapted for the Android OS - CoinMine Multipool Mining Monitor, among miners this application is called “Monitor” or Monitor.

General Monitor features:

• Multiroom room (all crypto assets are located in one place);
• Displays the actual state of the hashrate;
• Fixation of the bet share;
• Determining the degree of completion of complexity;
• Displaying a complete list of walkers;
• Indication of the type of balance on the account - immature type, unpaid type, general standard;
• Stock information service - whether there are stocks or not at the moment;
• Individual chart of success in the service;
• Preliminary assessment approach;
• Current exchange rates at the moment;
• Information about the latest payments, including commissions.

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Coinmine reviews

Reviews on the forums are contradictory. Some call the pool one of the best for mining a particular coin, others switch to more powerful or convenient options. Crypto miners like that the pool consistently pays out earned coins, although sometimes with delays.

At the same time, complaints are often heard that the service shows a hashrate lower than that of the miner. In rare cases, users experience problems logging into their account. Also, recently earnings have decreased by an order of magnitude. However, in general, the service offers very attractive conditions, and therefore it is not surprising that miners have been using it for years.

Have you mined crypto coins using Coinmine? Do you have a successful or, conversely, unsuccessful experience of mining on this service? — Share your impressions of working on site in the comments!

Source: profitgid.ru

About commissions in the Coinmine pool

Information about current commissions is provided in the general rules. In order to get accurate information on the commission, it is recommended to click on the mining cryptocurrency.

On average, commissions range from 0.5% to 1.50%.

Some data on popular currencies:

• Monero – 0.5%;
• MUSIC – 1.0%.
• Decret – 1.0%.

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Content

• General information about Coinmine Registration on Coinmine
• Cryptocurrencies for mining on Coinmine
• Coinmine pool fee
• How to withdraw from Coinmine

Mining pools are now commonplace in the cryptocurrency environment. With their help, both miners with two or three video cards and owners of large farms mine tokens. Coinmine pl is a popular service for joint mining of altcoins with a large selection of coins for every taste and for any equipment.

Pros and cons of the platform

PROS:

• Quite a large selection of tokens for mining;
• Reliability of the service; for many years there have been no serious complaints about the work;
• Low minimum threshold for withdrawing rewards;
• Technical support always responds to the first request; you don’t have to wait long for an answer;
• Low commissions, the lowest threshold is 0.5%, the maximum is 1.5%;
• The service’s power is quite high, allowing you to find blocks and earn good money at the same time.

CONS:

• Limited language interface, you must have excellent knowledge of English;
• In some cases, miners are unable to open the resource due to a 503 error, although others work without problems;
• Difficulties in setting up miners for beginners; you need to spend time learning all the functionality of the service.

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Advantages and Disadvantages of Coinmine

Since the service has been on the market for many years, its advantages and disadvantages are already well known. Users often discuss the service on forums. The site team actively responds to suggestions and comments from miners.

Advantages

The advantages of the platform include the following:

1. A large number of tokens for mining. Here everyone will find a cryptocurrency suitable for their equipment.
2. Time-proven reliability. Developers are constantly updating and improving the service. Pe=ul works stably and mostly without failures.
3. Low minimum wage. This attracts many users, since few people like to wait a long time to withdraw their earnings.
4. Prompt technical support. The service team tries to immediately solve all problems that arise for users. Moreover, this applies to both requests on the site and messages on forums.
5. Low commissions. Moreover, the service takes the strictly stated amount, without hidden fees.
6. High service power. And this, naturally, allows you to often find blocks and make good money.

Flaws

If we talk about the disadvantages, it is worth noting the following points:

1. Lack of translation into other languages. Russian-speaking users may have problems connecting and setting up programs.
2. Often the site does not open and displays error 503. Although many users complain about this, miners are not idle at this time, but continue to mine.
3. To set up the miner, you need to tinker a little. First of all, this applies to beginners. However, if you ask for help on a specialized topic on one of the forums, as practice shows, service users will be happy to help and suggest a solution.