Published: 15.02.2021
Having decided to start mining cryptocurrency in 2022, you need to pay attention not only to video cards for mining and additional equipment on the farm, but also to where exactly to work. Today we will tell you about the best mining pools, in our opinion, where you can get Bitcoins and Ether. Remember that earning coins on your own has already lost its meaning, so the issue of choosing a mine pool must be approached with all seriousness in order to receive a stable income...
Why is pool mining better than solo mining?
First you need to understand what is meant by the word “pool”. This is a special server to which many miners connect, extracting a specific cryptocurrency. Together they decrypt one block, which significantly speeds up the discovery process. When the goal is achieved, everyone receives the coveted reward for the work done.
For example, pools for Ethereum are now mandatory as complexity has increased. It is possible to mine crypto alone, but the process of opening a block, even on top video adapters in 2022, takes at least 4 months. Unlike a mining pool, where the mining speed is much higher and decryption occurs almost every minute.
Testing miners for AMD video cards
Mining farm where the test took place:
- MSI Z270 A-pro motherboard
- Processor Celeron G3930
- RAM 4 GB
- SSD 120 GB
- Power supply Cougar CMX 1200W at 1200 Watts
- 4 AMD Power Color RX 5700 Reference video cards, Micron memory, flashed in XT
- Overclocking settings: core 1300, memory 930
- Driver AMD driver 20.40
- Linux operating system
Rig AMD
Programs that participated in the experiment:
- Team Red Miner 0.8.0
- Phoenix Miner 5.5c
- lolMiner 1.20
- NBMiner 36.1
How to choose a mine pool hub in 2022
If you ask such a question in any search engine, a huge number of options will appear in which you can simply get lost. Moreover, it is not always immediately clear what is worth paying attention to, and which one is better to skip and not waste your time and energy. We recommend that when choosing a mining pool for Ethereum or another cryptocurrency, you look at the following parameters:
- Power. A beginner in this field will not be able to provide sufficient performance to quickly decrypt blocks, so you will receive profits after a long time.
- Profit distribution. More on this below.
- Where can you withdraw earned cryptocurrency and what percentage is charged for this in the form of a commission.
AntPool
Chinese pool with a Russian-language interface. For users from post-Soviet countries, this resource is considered practical.
The control panel includes data on profit, hash rate, you can change settings, activate an alert to an email address.
The advantage of the “pool” is the ability to choose the method of calculating remuneration: PPLNS and PPS.
What makes the service different is the ability to mine coins in “solo” mode as part of a pool. There is also a daily withdrawal limit of 0.001BTC.
Profit distribution on the mining pool
There are various options, but the most popular are the following:
- PROP – payment for the number of shares sent in the entire block. If there were 4 miners, they found a block of 10,000, while being distributed as 5000/3000/1500/500, then they will receive a reward of 50%/30%/15%/5% of its price.
- PPLNS – similar to the previous option, but the payout size depends on the specific number of the last shares sent before the block was revealed. For example, the mine pool can only take into account the last 1000 shares. The merits of a particular miner in uncovering previous blocks are also taken into account.
- PPS – you receive cryptocurrency for each share found.
- SMPPS – similar to the previous option, but there is a delay between finding and receiving the crypt.
Please note that despite all the apparent benefits of mining pools with a PPS payment system, they usually have a high commission. You receive Ether or Bitcoin for each share, regardless of whether the block itself is opened. As a result, the owner of the mining pool is at risk, so he withholds larger amounts to cover these costs. It cannot be said that any of the payment systems is better, so everyone must decide for themselves. If you have a fairly powerful mining system, then pay attention to PROP. Small farm owners may prefer PPS or SMPPS. PPLNS also has a right to exist, but here a lot depends on the chance that you will be the last one to participate in the decryption.
Chinese four
The mining of the most popular cryptocurrency has the toughest competition, in which Chinese pools have held undeniable superiority for a long time. By a wide margin, the ranking is headed by the five largest “mines”, and four of them are located in China:
F2Pool (Discus fish)
F2Pool
, also known as Discus Fish (aquarium discus fish, 七彩神仙魚).
On average, it holds about 20%
of the network hashrate.
Founded on May 5, 2013. The only one of the leaders whose main payment system is PPS with a commission of 4%
. For users behind firewalls, the Stratum mining protocol is enabled on the most popular TCP ports – 80 and 25. The standard connection port is 3333.
On this pool you can mine Litecoin and merged mining of some altcoins operates.
Another feature of F2Pool is that it strongly recommends withdrawing funds as quickly as possible. Coins held in balance longer than 90 days are considered “donations” to the pool and may be debited without further warning.
AntPool
AntPool is fighting for first place with varying degrees of success
.
It now has an average of 18%
mining capacity.
The pool is owned by Bitmaintech, the largest Chinese manufacturer of mining equipment. It runs the Hashnest cloud mining service and tests the company's products. The main method for calculating rewards is PPLNS without commission
, there is also
PPS with 2.5%
.
Antpool also has original services - solo mining for those who like to play for luck, as well as a P2Pool node - for those who want to support the decentralization of the network.
There is an interface in Russian, but so far it leaves much to be desired. You can connect to the pool using the standard port: stratum.antpool.com:3333 or the well-known ports 443 or 25.
BTC China
BTCChina pool
with
10-12%
of the network it ranks fourth in the overall ranking and third in China. This Bitcoin pool belongs to the Chinese exchange of the same name, one of the largest in the world. In this way, it expands the range of its services and also conducts its own transactions without relying on third-party services. The pool is open only to exchange clients; in addition, it has significant in-house capacity. Unfortunately, its interface is very poorly translated even into English, not to mention other languages. Therefore, information on it is extremely limited.
BW pool
BW.com closes the top four
with
7-9%
capacity.
There is a partial translation into Russian, much more clumsy than that of Antpool. The main accrual system is PPLNS without commission
.
The line for connecting via the standard port is stratum+tcp://stratum.bw.com:3333
.
As a result, the four largest Chinese pools “hold” 55-60% of the network hashrate, which cannot but cause concern in the community.
Best Pools for Ethereum in 2022
We would like to separately consider this category, since Ethereum is now very popular due to the rising rate and the high probability of a ban on its mining in the near future. People strive to accumulate a sufficient amount of cryptocurrency, since after switching to PoS, it can potentially rise sharply in price, which is why there is now a lot of competition in Ether mining pools.
- ETH Nanopool;
- ETHpool;
- Whalesburg;
- Ethereumpool.
Again, this ranking of the best pools for Ether was compiled solely from his experience and requirements. In your case, you can use these or any others that will suit your needs. In any case, this cryptocurrency is now being mined most profitably for the owners of farms and ASICs. We recommend that single miners pay attention to other coins where the difficulty is not yet so high.
NiceHash
The simplest modern “pool”. The key advantage is the support of popular mining algorithms and the availability of personal software.
This is a multipool, which automatically switches from mining one digital coin to another. The foundation of the algorithm is the current exchange rate, mining difficulty level, etc.
When the system finds a more profitable direction for mining in auto mode, it switches to another coin. The user can, if desired, limit the list of currencies.
You can withdraw funds exclusively to BTC, the daily limit is 0.001BTC.
Why the rating of Ethereum and Bitcoin pools is useful
Here we looked at those systems that deserve the attention of novice miners and those looking for more profitable places. You can use the presented ETH and BTC pools as a guide, comparing with them any others that you find on the network.
For our part, let’s say that now it’s worth getting involved in cryptocurrency mining, especially if you have the opportunity to buy several GPUs for a farm or an entire ASIC. This activity will not lose popularity for a long time and will always generate income. Yes, it may vary depending on the course, but you will always remain in the black.
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Profitability for 2022 and further prospects
As of 2022, the GPU farm is no longer able to bring in such good money as in 2017-2018, and if the ETH rate drops significantly, the profitability may even go into the negative. Electricity costs are no longer just pennies compared to how much Ether is released per month, but its almost equal price in the exchanger. And how profitable it is to mine this or that cryptocurrency with different types of video cards, see the current profitability calculators (links below).
Ethereum mining profitability calculator
What I would definitely like to mention is the need to use a mining calculator for a preliminary analysis of the profitability of Ether mining. This program is available to everyone; you just need to enter a series of data, and you will have an approximate picture of probable income (or losses).
The two most accurate and informative calculators today:
- https://whattomine.com
- https://nicehash.com
Kryptex
This is a special computer program that uses the computing power of the system to generate digital coins. The profitability of a miner depends on the computer and current rates of cryptographic currencies.
Using equipment that is 3 years old, you can earn from 1.5 thousand rubles monthly without additional expenses. Modern computer technology will allow you to earn monthly from 6 thousand rubles.
Withdrawals can be made directly through the Qiwi electronic payment system, the Local Bitcoins service. The last option allows you to exchange a cryptographic coin for fiat funds.
ZPool
The service, originally from the USA, specializes in providing the ability to mine digital coins of various types. You can work with forks, but they are converted into satoshi before withdrawal.
If necessary, you can switch between coins, the mining speed does not decrease. The size of the commission depends on the algorithm used. The average size is 2%.
Since the “pool” works with different cryptocurrency exchange platforms, funds can be withdrawn to credit and debit cards in the form of fiat currencies.
Statistics
Pools provide miners with statistics. Statistics allow you to find out about the number of payments, the amount of commissions received, limits and schedules, the amount of funds withdrawn, how many blocks the blockchain consists of, and other important indicators. Everything is simple here, you should choose communities with the best statistics. If the statistics on the project website are very short and most of the information is missing, then you should not trust this pool.
Reviews about the project
The last thing to keep in mind is community reviews. You can always find a bunch of reviews about the pool on the Internet; you just need to do a good search. And on the forums you can chat with experienced users and ask them about which group is best to join, which pools for ETH mining will be most profitable. But to determine the best group of users, it is better to join the pools you like for a couple of days.
BitClub Network
This “pool” accounts for 4% of the world’s mined Bitcoin. The site has been operating since 2014.
Pool allows you to work in two directions: mining and investing in equipment. This affects profit sharing. A characteristic difference is paid registration, and the ability to work only on the recommendation of another user.
All you need is $600 to get a “pool” membership. There are a couple of types of participation packages available for clients, each valid for 1 thousand days.
2Miners
Multi-currency “pool” for mining different coins using algorithms: Ethash and Equihash. 2Miners is included in the rating of pools due to the ability to work in “solo” mode, as well as the presence of unique Telegram bots that control the functioning of farms.
Users who rent computing power from Nicehash get access to separate ports running the stratum protocol, compatible with Nicehash.
The collective mining platform pays profit every 120 minutes. The commission depends on the coin mining mode used: 1% for joint mining and 1.5% for “solo” mode.
Ping
The first thing to remember is the ping rate. He will tell you which pool to choose. First you need to define it. This is not at all easy to do. You need to go to “Start” and click on “Run”. Now you need to enter “CMD” to open the console. After this, enter the “ping” command and the pool location address (email address). This information can be easily found on the project website. Ping is the response time of a specific server. Ethereum mining pools with the lowest ping are the best choice. Ideally, the ping should not be more than 80 milliseconds.
Where is the pool
The opinion that somewhere far away, where the grass is greener and the sun shines brighter, mining is much better is obviously erroneous. Often, users choose a pool that is too far from them and this interferes with stable income generation. In this case, you need to know one important principle. The closer the pool, the more earnings you will earn. This must be remembered.
Batpool
Pool is designed for mining Bitcoin and Litecoin. The service belongs to the group of sites using the “free-fee” system. There are no commission costs. Accordingly, the “pool” is very attractive to users.
Online mining is available from different devices. The multi-node system guarantees stable operation of the site. Users are provided with graphical statistics for their work, which contains information about the blocks found, the mining speed is displayed, the number of mined blocks is broadcast, etc.
