Phoenix Miner , as the developers say, is the fastest miner for the Ethash algorithm. This algorithm uses coins such as ETH, ETC, Musicoin, EXP, UBQ and others. The miner works with both Nvidia and AMD cards, but also works in the so-called “hodgepodge”, where there are different cards in the farm.
Phoenix Miner only works on Windows x64, and has the smallest developer fee of 0.65%.
The speed is 0.4-1.3% higher than the main competitor Claymore. For better performance on AMD cards, you will need to manually adjust the GPU coefficient (a number from 8 to 400, which can be changed while the miner is running using the “+” “-” keys).
Mining Pool Hub is a multi-pool that will help you earn cryptocurrency
Multicurrency platforms for collective cryptocurrency mining are a universal way to make money from mining. There are about 30 different coins available to Mining Pool Hub members. The platform integrates a converter for exchanging digital currencies at a favorable rate.
It is pointless to list absolutely all assets available for mining; most altcoins do not show proper price growth, so their mining is ineffective.
The most popular cryptocurrencies among Mining Pool Hub miners:
- Bitcoin,
- Ethereum
- Dash,
- Zcash,
- Litecoin
- Monero.
All Bitcoin forks are available for mining, including Bitcoin Cash and Bitcoin Gold.
The pool shows the highest performance in mining ETC crypto coins. On average, the members of the association mine 528 blocks in 24 hours. In terms of volume, Ethereum Classic Mining Pool Hub ranks third among all platforms. Its share is 9.5%.
Detailed statistics are presented in the diagram:
TOP 20 pools for mining Ethereum Classic cryptocurrency
The reward for the generated block changes in accordance with the selected digital currency. For Ethereum Classic the reward is 4 ETC. The transaction fee is charged in GAS coins (a key element of the NEO platform ecosystem).
The GHOS protocol, on which the Ethereum system operates, includes several “orphans” in a full block. For uncle-block, miners receive a reduced reward - from 1 to 3 ETC. Pool commission – 0.9%. Income is distributed among miners according to the Pay Per Last N Shares principle (proportionally).
Meaning of Cryptographic Algorithm and Consensus
Beginners often get confused by the numerous terms used in cryptocurrency reviews. There are 2 phenomena in the blockchain that need to be dealt with in order to understand the essence of the processes taking place.
| Concept | Synonyms | Meaning |
| Cryptographic algorithm | Hash function, cryptographic function, mining algorithm | A hash function is a complex mathematical equation that, given any input data, produces a result of a fixed length (in bytes). This result is called a hash. When mining, the miner solves this equation (selects a hash). Then he broadcasts his decision to other nodes, and they check its correctness and come to a consensus. When a block is generated, the miner receives a reward, if the system provides for it. At the same time, all other miners working to find the same hash do not receive a reward and switch to the next equation. |
| Consensus algorithm | Consensus mechanism, security mechanism, consensus function | A consensus algorithm is a mathematical formula by which all nodes on the network can verify the authenticity of transactions and come to a consensus on whether a transaction should be included in a block. |
Both algorithms are extremely important for the correct operation of the system, and one cannot replace the other because they perform different roles.
Features of the Mining Pool Hub
When looking for a platform for collective mining, each user asks himself the question: how does this platform differ from its competitors? Basically, platforms for collective cryptocurrency mining work according to an identical scheme, but Mining Pool Hub is an exception to this rule.
Let's analyze the key features of the platform:
- Automatic switching based on profitability. The miner sets the profitability indicator, and the pool automatically changes the mining algorithm or digital currency so that mining matches the specified settings. Auto switching will be useful for users working with multiple coins.
- Internal exchange service. The platform is equipped with an auto-exchange interface. The service offers favorable rates. Monitor changes in the value of the mined coin and, if necessary, convert it into more reliable assets.
- The pool administration fully welcomes the payment of profits in altcoins. This policy is aimed at maintaining promising coins.
- Initially, the user connects computing power to the port and selects a cryptocurrency on the official miningpoolhub website. To instantly change the mined coin, use the “Hub” option. The presence of a one-click switching function has a positive effect on the profitability of mining.
- The NiceHash service charges a commission of 0.0001 BTC. Compared to its competitors, Mining Pool Hub offers more favorable conditions - 0.9%.
To read: Equipment for cryptocurrency mining
Uninterrupted cryptocurrency mining is ensured by powerful servers in the USA, Europe and Asia. Network congestion is excluded. Proportional distribution of profits emphasizes the interest of the multipool in long-term cooperation.
Awareness KuCoin Pool
KuCoin Pool is the first mining pool that encourages miners to use renewable energy.
After the official launch, KuCoin Pool initiated a campaign called Support Carbon Neutrality, Enjoy Green Mining Bonus. This encourages miners to use green energy sources for hashrate mining.
KuCoin Pool miners who use green energy for mining can provide the relevant information to receive a certificate allowing them to have a 50% discount on mining fees.
How to start mining detailed guide
Beginners have difficulty registering and setting up cryptocurrency mining software.
Let's look at this process step by step, simultaneously analyzing common mistakes that miners often make.
Step 1. Register in the system
Open the official website of the pool. There is no Russian version. The portal's intuitive interface and simple navigation system will allow a beginner who does not know English to register without any problems.
- On the main page, click on “Sign Up”.
- Fill out the registration form. Create a username and password. Please provide a valid email address and enter Pin (an additional anti-hacking feature).
- An email will be sent to your inbox with a link to complete registration, follow it.
Log in to your personal account. Go to the "Workers" section. To add a new worker, use the “Add New Workers” menu. Create a name and password for the worker. Registration is now complete.
Adding a new worker
Step 2. Install the mining program on your computer
For cryptocurrency mining, the following are used: processors, video cards and integrated circuits (ASIC). We select software in accordance with the computing equipment.
Instructions for choosing a miner
To mine ZCL, ETC service recommends using the Claymore Dual program. Download the program from the official thread on Bitcointalk (via API key). Extract the contents of the archive into a separate folder and open the batch file. In the bat file we indicate the server, port, worker name and password. All the necessary information is shown in the screenshot posted above. An alternative option to Awesome Miner.
Video instructions for installing and configuring the program to work with the platform:
Step 3. Start mining
Confirmed and unconfirmed accounts
A batch file is an executable file. Run it to open the mining program. The equipment will begin to mine coins, which are first credited to the unconfirmed balance. After the checks are completed, the funds will be transferred to the main account, from which we withdraw the digital currency to the wallet.
To read: Which pool to choose for Ethereum mining, review of the best sites
How to withdraw earned funds 3 proven methods
When the digital currency is credited to your confirmed balance, withdraw the earned coins. Log in to your personal account and open the “Wallet” section.
There are three ways to transfer cryptocurrency to a personal wallet. Let's look at them.
Method 1. Automatic withdrawal to wallet
Enter your wallet address in the “Payment Address” field. Users use hardware wallets, multi-currency services, exchanges, mobile applications and desktop programs. The choice of storage type directly depends on the cryptocurrency.
Automatic withdrawal interface
In the “Automatic Payout Threshold” column, indicate the minimum withdrawal threshold. As soon as the required amount appears on the balance, the funds will automatically be transferred from the internal balance to the wallet.
Save your settings. To do this, enter the four-digit code specified during registration in field 4 Digit Pin.
Method 2. Manual withdrawal from balance
Manual release interface
The “Account Balance” column shows how much funds are available for withdrawal. Enter the required amount. Enter the wallet address in the “Payout TO” field. Enter your PIN code and click on the “Cash Out” button.
Method 3. Auto Exchange
Automatic exchange is an intermediate method of withdrawing earned funds. Some miners manually transfer funds. The pool offers a special interface that completely automates this process. Coins are automatically converted at the internal rate into the selected digital currency. In the future, funds are withdrawn automatically or manually, as described earlier.
Auto Exchange is an internal exchange service. For example, miners mine not the most popular altcoins and automatically convert them into a reliable currency, such as Bitcoin.
How to disable your video card
If you have a mixed installation, you can only run the miner on CUDA (Nvidia) devices:
miner --algo ethash --server eth.2miners.com:2020 --user 0x5218597d48333d4a70cce91e810007b37e2937b5.worker1 --opencl 0
Or only on OpenCL devices (AMD):
miner —algo ethash —server eth.2miners.com:2020 —user 0x5218597d48333d4a70cce91e810007b37e2937b5.worker1 —cuda 0
Or on devices of your choice such as GPU0 GPU2 and GPU4:
miner —algo ethash —server eth.2miners.com:2020 —user 0x5218597d48333d4a70cce91e810007b37e2937b5.worker1 —devices 0 2 4
The list of available GPUs can be seen by calling the following command: miner --list_devices
How to track farm statistics
Select the “Dashboard” section in your personal account. The main statistical indicators will be displayed on the Mining Pool Hub monitor. Let's analyze the meaning of each parameter.
"OwerView" block
Basic indicators of mining power are displayed here: your hashrate, total network power and pool hashrate
Block "Recent Credits"
Mining indicators for the last day and statistical calculations for previous days
"Account Information" block
Confirmed and unconfirmed accounts
To read: What is a cryptocurrency mining farm and how to build one
Especially for miners, the creators of the pool have developed a mobile application that contains all the statistical indicators. The name of the program is Mining Pool Hub, download from Google Play or Apple Store.
Main page of the application (piggy bank)
In the piggy bank tab, the current balance for each digital currency.
Profile tab
It shows profitability over different time intervals and displays which coin each worker is mining. Mining Pool Hub stats is a useful tool for monitoring the efficiency of cryptocurrency mining.
Cryptocurrencies on Ethash
The following cryptocurrencies are based on the Ethash cryptographic algorithm.
| Name | Trading ticker |
| Ethereum | ETH |
| Ethereum Classic | ETC |
| Ubiq | UBQ |
| Metaverse | ETP |
| Expanse | EXP |
| Musicoin | MUSIC |
| Pearl | PIRL |
The most popular of them is Ethereum.
What miners say about Mining Pool Hub real reviews
To objectively evaluate the pool, we will analyze the reviews of experienced miners. There are both positive and negative comments. First, let's look at the opinions of users who were not satisfied with Pool Hub.
Let's partially challenge this post. MPH charges minimal fees compared to its peers. Mining altcoins with a low level of popularity can bring profit, especially if you mine them during a period of price growth.
From personal experience:
I worked with this pool as a newbie. The main problem is the lack of information in Russian: you have to look for advice on working with MPH on Bitcointalk and other forums, and then independently translate posts from experienced users.
Dual-mining is suitable for beginner miners. Mine ETH and SIA coins with minimal hashrate loss. An alternative is a pool multiminer. Download the program and it will independently determine which currency is most appropriate to mine.
Let's look at a few comments.
The presence of auto-exchange and other additional options really has a positive effect on mining performance. For example, mining Monero or Zclassic on MPH and then converting it to Litecoin is a profitable earning scheme. LTC coins are more stable and gradually increase in price.
Remember
- Mining Pool Hub is a multi-currency platform, with a total of about 30 coins available for mining.
- The pool is equipped with an automatic exchange service for instant conversion of mined currency.
- Compared to competitors, the service charges a small commission - 0.9%.
- Profit is distributed proportionally among pool participants depending on the capacity provided.
- Experienced miners speak positively about MPH.
We wish you good luck and profit!
( 1 ratings, average: 1.00 out of 5)
