The hottest privacy coin, Monero, is quickly gaining adoption and its rising valuation is testament to this. If you want to mine Monero, now is the best time. There are lots of mining pools out there that claim 100% uptime, fast payouts and whatnot, the truth is they are hard to find. Fret not, we have listed 5 of the best Monero mining pools out there that will certainly pique your interest.
Monero Mining pools combine all the hashpower for efficient mining and help miners get regular payouts. Hence, we have done a rundown of the best monero mining pools that are trustworthy, charge low fees and are known for paying the miners on time. Without further ado, let’s get started.
5 of the Best Monero Mining Pools 2021
A very easy-to-use and simplified platform with a guaranteed uptime of 99.7%, MinerGate charges a minimal mining fee of 1% which is common among Monero mining pools. What’s more, Monero investors can get a minimum payout of 0.01 XMR and the payouts are regular as well.
MinerGate also introduced a new web-based mining option, making user convenience its forte. Interestingly, Minergate contributes approx. 16 MH/s or 460 MH/s to the world hashrate.
With Dwarfpool at the helm, crypto enthusiasts can not just mine Monero, but other cryptocurrencies as well such as Ethereum, EXPANSE, and Zcash.
Dwarfpool is an optimized stratum pool engine that is available online and offers a very profitable and lucrative Round Based Payment System (RBPS). You can monitor mining statistics of your mining account via email.
What’s more, its automatic payment feature sends payouts every hour to miners with zero transaction or hidden fees thanks to its servers located across the world. All in all, Dwarfpool is one of the best Monero mining pools for serious crypto investors.
SupportXMR is the mining pool, which supports only Monero, Thanks to a ridiculously low mining fee of 0.6% and a minimum payout of 0.1 XMR only, SupportXMR is quickly becoming a favourite among Monero miners. It does help that SupportXMR is a Monero-only mining pool.
Miners can simply keep a tab on the daily performance of their rigs on the hash rate chart. Payouts are super fast as well since SupportXMR pays miners every two hours and lets them add a custom threshold for exchange wallets. SupportXMR is one of the best monero mining pools with an impressive uptime of close to 100%.
4) Nano Pool
A formidable web-based Monero mining pool, NanoPool also lets miners mine other cryptocurrencies such as Ethereum, Pascal, Zcash, Siacoin, and more.
Based out of China, NanoPool provides a low transaction fee which is surely enticing. To start mining with the XMR NanoPool, all you need to do is to simply install the Claymore Dualminer and extract the file in a folder and you are ready to roll.
You can expect guaranteed daily payouts with MineXMR that also promises an impressive 100% uptime. Coupled with its unique minimum payout of 0.004 XMR, MineXMR is surely on its way to become one of the best monero mining pools.
MineXMR comes With a super fast and reliable PPLNS payout scheme, around 19,300 connected miners and a hash rate of 95.36 MH/sec, MineXMR also supports direct mining through an exchange.
Monero Mining Pools: FAQs
Are Mining Pools with global server locations good?
Yes, a mining pool with its servers located across the world should be preferred. Moreover, its server should be located in the vicinity of where you live for optimal performance.
How is mining pool fee calculated?
Mining fee is dependent upon a number of factors. However, you must know that the higher the fee, the lower the payout. So always choose a mining pool with low fee for maximum profits.
Is the Minimum Payout option important?
A lower or minimum payout option is certainly better if you are not concerned with the frequency of withdrawals. Some mining pools may, at times, limit your withdrawals which can be irksome to some miners.