A reasonable pool commission is within 1%.A stable pool should be 99% of the time online. Avoid pools that are constantly offline.
Free access to mining information of other participants is a good sign. Openness is one of the indicators of reliability.Young pools do not have enough power, which will affect earnings. Choose only well-known pools with a decent reputation.Pools for specific currencies are not suitable for us, since the profitability of a cryptocurrency can constantly change, and we will not be able to switch to a more profitable one. Choose multi-currency pools, as it is a more flexible solution and you can always switch to other currencies on these pools.
To choose the right pool for mining, you should adhere to a number of criteria:
Mining has become a business and they can’t compete with huge mining farms, so miners are forced to organize in pools and share their earnings between pool members. Miners started to unite in mining pools because solo mining became no longer possible. Mining pools are special services for the collective mining of cryptocurrencies. Read more about choosing the right mining software in our article. Since then, several other programs have appeared, such as PhoenixMiner, EthMiner etc. Claymore is one of Ethash’s oldest and most supported miners. Mining software – most people use Claymore’s Ethash coin mining software.
Most miners use MSI Afterburner and GPU-Z overclocking software to monitor temperature and power. This will make your video card perform better, calculating more hashes per second, control cooling because a lower temperature is always useful for cards and mine more efficiently, using less energy. Temperature and overclocking control software – this software is designed to tune the performance of video cards. Mining also requires certain software, such as programs and drivers.
The good news is that this update applies only to Ethereum. This switch will make Ethereum mining impossible or greatly reduce the reward, so make sure you are up to date with the latest developments.
If you are new to Ethereum mining, you should know several important things: Ethereum Proof of Stake UpdateĮthereum developers plan to upgrade to Proof Of Stake using an algorithm called Casper. Competent selection of equipment plays an important role, determining how beneficial it will be. To make mining of Ethereum profitable, you need to have the right equipment. Ethereum mining is performed using the Ethash algorithm, which can be used using powerful graphics cards. Ethereum or Ether is one of the most popular crypto coins among cryptocurrency miners.