Ethereum Mining pool is a convenient option for the Ethereum miners to mine Ethereum. The miners who join their computational power resources together to form an Ethereum Mining Pool, are benefitted in many ways. These miners need not spend an awesome amount of money and time to build an Ethereum mining rig, comprising of multiple number of Graphics Processing Units, to start their mining of Ethereum. They also need not spend the awful amount of money, as expenses incurred in electricity needed to constantly run these computers for Ethereum mining activity. Ethereum mining pools have proven to be more comfortable and affordable ways of mining Ethereum as it considerably reduces the miner’s expenses on mining infrastructure and the cost of power. The Ethereum Mining Pools also considerably increase the miner’s chances to improve hash rates, by enabling them to solve the mathematical cryptographic puzzles faster and receive more number of Ethers as rewards, which is later split among the miners.
But, unfortunately, these Ethereum Mining Pools have certain drawbacks and shortcomings. Ethereum Mining Pools are often unstable, as no one can guarantee when the mining pools will cease to exist. The number of members in the mining pool keeps on varying, some joining and some leaving the pool. This fluctuation in number of members in the Ethereum Mining Pool results in fluctuating computational power in the mining pool, affecting the mining activity badly. Therefore, the Ethereum miners interested in joining a good Ethereum Mining Pool, must look for Best Ethereum Mining Pools to join.
Best Ethereum Mining Pool – the factors to consider before making a decision-
Choosing the Best Ethereum Mining Pool needs careful observation to be able to make the right decision. As it is known now that mining pools are simply groups of miners working together for mining Ethereum. Joining the best Ethereum mining pool considerably reduces the volatility of the miner’s pay out. It provides smaller and more frequent payments to the miners instead of making payments in lump sum to them. This lump sum payment is also otherwise, received by the miner, only when the miner can solve a block.
The best Ethereum mining pools have essentially low fees for the miners to join the mining pool. These best Ethereum Mining Pools bring reliable returns to the miners. The miner must find out the location of the server before making a decision of which of the Ethereum Mining Pools being the best for her/him. The miner can have maximum efficient mining service in a mining pool when and where her/his mining rig is closest to the server.
Many Ethereum Mining Pools have been declared best, but depending on the market reports, the organisations who have been rated on the top are-
1.Ethpool or Ethermine – These are operated from two different websites, but ultimately converge in the same mining pool. This mining pool is the largest one on the network of Ethereum. Both of the pools charge only 1% fee on each block reward. It also allows the miner to set the minimum payment threshold.
2. Nanopool – It is the third largest Ethereum Mining Pool on the Ethereum network and has more than 38,000 miners. It charges 1% fees on each block reward.
3.Dwarfpool – It was once the market leader in Ethereum mining pools. This pool also charges 1% fees on each block reward.
There is very remote chance of any risk for any miner in joining one of the top Ethereum mining pools. They are all reasonably reliable and have same structure of fee.
Ethereum Mining Services – the most convenient and affordable service
The Ethereum Cloud Mining service has proved to be the best in Ethereum Mining Services. Ethereum mining is a difficult task for the miner on the miner’s standard and regular personal computer. If the miner is not technologically update, it is best for the miner to purchase a Cloud mining contract. This Cloud mining service will do everything needed to mine Ethereum, for the miner. They have better deals from the Ethereum Cloud Mining Services including discounts on graphic cards. These Cloud Mining Services operate at a low cost, along with providing other technical supports.