If you have decided to join a Monero mining pool because of the opportunity to earn some long-term profits, you are on the right track. Mining can be done solo as well as when pooling your hash power. Both options are available to you, but the reality is that most miners choose to go with a pool for mining, due to the fact that it is more profitable for them.
When you mine together with others though, the reward is split between everyone according to their contribution. Better having partial but constant income, than earnings based 100% on luck. Keep on reading to learn all the information you need to choose the right Monero mining pool.
General Information
Monero (XMR)
1.00000000 XMR
Total Hashrate: | N/A |
---|---|
Difficulty Level: | N/A |
Block Time: | 1 min 59 sec |
Actual Block Reward: | 0.61139 XMR |
The Best Monero Mining Pools
The top mining pools for each coin are similar in several characteristics. For example, the best ones, including those for Monero, have high hash rate distribution. This means they are stable and have low limits when it comes to payouts. The frequent earnings come with fees that are a bit higher, but this is a small price to pay for having steady earnings.
For your convenience, I have summarized the best Monero mining pools in comparison, showing the main characteristics you need to consider when making your choice:
Pool Website | Market Share/Hash PWR* | Server Locations | Reward System | Pool Fee | Get all Details |
---|---|---|---|---|---|
Nanopool | 24 % 24 % | USA Asia EU |
| 1% | Read Review |
Minexmr | 19.2 % 19.2 % | USA Asia Canada |
| 1% | Read Review |
Supportxmr | 14.0 % 14.0 % | USA EU |
| 0.6% | Read Review |
Minergate | 6 % 6 % | USA Asia EU Australia |
| 1%-1.5% | Read Review |
Monerohash | 1.3 % 1.3 % | USA |
| 1.6% | Read Review |
*The numbers in the table are not constant values. They only illustrate the current situation.
These are not all of the features pools offer. More on that I have covered in the “how to choose the right mining pool” page.
I want to draw your attention to one of the vital aspects of choosing a mining pool – the reward systems. It’s good to get familiar with the different kinds of systems and their abbreviations. I have summarized them in the article on “Mining pools reward systems”.
To make sure, that you mine Monero without any interruptions, regardless of the circ*mstances, just register into several pools. Mining in just one can lead to setbacks. With having more on your list, you will jump into the next one in case of hackers’ attack, malfunction, lost connection, and just like that you will continue mining.
Mining Pools Without Registration
Registration itself helps XMR mining pools to follow performance statistics, in order to improve the network. The main registration components, like username and workers, can be entered indirectly on the official pool website. What do I mean by that?
Giving information on the web is not everyone’s cup of tea. The good news is, that there are XMR pools fulfilling that requirement as well. The procedure is pretty simple. Your hardware gear is playing the main role. There are some software adjustments for ASICs and GPUs. Let’s first start with the best Monero mining pools that don’t require registration:
Name | Fee | Pool Url | Worker | Password |
---|---|---|---|---|
Nanopool.org | 1% | xmr-eu1.nanopool.org:14433xmr-us-east1.nanopool.org:14433xmr-asia1.nanopool.org:14433xmr-au1.nanopool.org:14433 | Your XMR Public Address | Any |
Minexmr | 1% | xmr-pool.minexmr.com:4444xmr-ca.minexmr.com:4444xmr-sg.minexmr.com:4444 | Your XMR Public Address | Any |
Supportxmr | 1% | xmr-pool.supportxmr.com:7777 | Your XMR Public Address | Any |
Now about your privacy – I said no personal information will be needed on the pool’s official website. Monero for example is mined with GPUs. Those rigs are connected to your PC. Usually, you have downloaded their software (XMR Stak, XMRig) in order to work with the rigs. This is the key point for mining in a pool with no registration – the connection indirectly through your software. You can also copy/paste the information. When you do that, you are connecting your rig to the pool, using an access point only from your private PC. It is always better to double check if the chosen Monero mining pool is reporting your workers as active.
Calculating XMR Pool Mining Profits
The profitability of joining a Monero mining pool can be roughly estimated. Few clicks on the user-friendly tool – the profit calculator, and there you have it. It’s fast and accurate. The needed parameters are the currency, hash rate, power consumption, pool fee, and electricity cost. The “calculate” button closes the process.
You can also calculate your cloud mining profits. Here you need just two things - hash rate and pool fee. It is very important to not forget that the results from the calculator will fluctuate and are 100% accurate only for the moment of estimation. There is nothing constant here.
Mini Mining Profit Calculator
For your convenience, I have added a time period feature. You can calculate your daily, weekly, monthly or yearly profit. It is possible to see how much the electricity would approximately cost you and the number of coins you will mine for each period.