Being one of the most popular cryptocurrencies in the world, Monero stays a great investment with a high ROI. But it’s not the only great thing about XMR. Did you know you can mine it with your PC? If not, it’s time to start gaining passive income right now. Our list of Top-5 Monero (XMR) mining pools will help you find the most suitable platform.
Monero (XMR) Briefly
Monero is a cryptocurrency that was launched in 2014. It is focused on confidentiality and was developed as an open source (built, tested and improved in collaboration with users) technology on the basis of blockchain.
Monero is known for its privacy: it is designed to
hide the identity of senders and recipients and the amount of each transaction.
So-called ring signatures and hidden addresses help to hide the identity of the
sender and recipient. Ring signatures form the connection of a user account key
with public keys from the Monero blockchain. Third parties cannot determine
which key is public and which belongs to the user, which eliminates the ability
to bind the user and signature together.
Monero also provides the possibility of mining, but
with a few key differences. Mining Monero does not require special equipment
and can be organized on a PC with all OS supported, including Windows, Android,
Linux and macOS
It uses a PoW algorithm that was designed to make a
wider range of processors available. Thus, XMR mining is available to every
single user, not only to the owners of costly equipment.
However, mining XRM on PC is not as profitable as doing it in collaboration with other miners. Our reviews are here to help you find the best mining pool for Monero.
Monero (XMR) Mining Pools
created in 2017. It allows users to mine several digital coins (ETH, ETC, ZEC,
SC, PASC, and ETN), including XMR. You can mine Monero both with your CPU and
GPU. To select the appropriate operating mode, you need to go to the
“Help” section. Next, download the software that fits your computer.
To mine on the hardware from AMD and CPU, choose the Claymore program. Tsiv
Miner is recommended for working with NVIDIA graphics cards. You can also use Wolf
miner to mine coins through the CPU.
The pool is well established and popular among users.
The low level of commissions and relatively decent mining opportunities make it
attractive to most users. The size of the commission is 1%. The minimum
withdrawal limit is 1 XMR. User-friendly interface and simple settings make
Nanopool one of the best Monero XMR mining pools.
Fee: PPLNS 1%
Minimal payment: 0.3 XMR
platform works exclusively with XMR. At the moment, the pool is still not very
popular. The number of active miners on this platform relatively low, though
the service keeps developing and improving. Signing and receiving XMR takes
from three to four hours. The platform has seven ports without performance
limits: anyone has the opportunity to connect to each of them. The size of the
platform commission is 1.9%. The withdrawal threshold is 0.5 XMR: payout is
made automatically every six hours if the user has a sufficient amount of XMR
in the account.
Fee: PPLNS 1.9%, Solo 0.4%
Minimal payment: 0.5 XMR
One of the most popular Monero (XMR) mining pools, DwarfPool offers performance exceeding 18 Mh / s. The platform is suitable for beginners with medium power equipment. An obvious advantage of DwarfPool is the lack of mandatory registration. Operations performed within the pool are completely anonymous. This effect is achieved through the use of algorithms implemented in Monero. Platform servers are protected from malicious actions, and the platform boasts stable operation and constant availability.
Miners are rewarded according to the PPS algorithm. The user will be able to receive funds
after confirming that the block is found. Among the
disadvantages of DwarfPool, we can highlight the poor design of the portal. But
even if you don’t understand anything about navigation, you can find all the
information necessary for work in F.A.Q. section. The size of commission fees ranges
from 1.5% to 2% – that’s pretty expensive. In addition to commissions, the system
charges a withdrawal fee that ranges from 0.008 to 0.014 XMR.
Fee: RBPPS 1.5%+tx fee
Minimal payment: 2 XMR
MinerGate is a
popular platform that allows you to mine various coins based on different
protocols. On this pool, users can mine ETH, BTC, and a lot of other
cryptocurrencies, including Monero. MinerGate Monero mining pool offers a user-friendly
mobile app and also allows you to mine cryptocurrencies on the CPU.
The size of the commission depends on the mining
method. When using the PPLNS method, you’ll have to pay 1% of your rewards. If
the user chooses PPS, the platform will retain 1.5%. Users working only on this
platform are advised to use PPLNS. Otherwise, choose PPS. Users with powerful
equipment are able to earn about $20 in seven days. MinerGate displays the
highest stability when working with 64-bit Windows, macOS, and Linux OS. This
platform accounts for about 15% of all blocks. If you have powerful equipment,
you have the opportunity to earn about 300 Monero monthly.
Fee: PPLNS 1%
Minimal payment: 0.001 XMO
is being used by thousands of miners, so the total hash rate on this pool is
very high. It takes about forty minutes to extract one block while the profit
for it is distributed among all participants in the platform. MiningPoolHub
cooperates with large exchange platforms and makes it possible to withdraw
earned coins to different crypto wallets. The most important advantage of the
platform is low commission fees, which equals 0.9%. In addition, the system charges
a fixed withdrawal fee of 0.015 XMR.
The platform boasts stable operation, especially when
compared to competitors. The level of security and anonymity at MiningPoolHub
is also very high. To withdraw accumulated XMR to your wallet, you need to
Fee: PPLNS 0.9%
Minimal payment: Unknown
With the help of reviewed Monero (XMR) mining pools, you
can easily find a team of miners to collaborate and enjoy higher profits. That
allows you greatly improving your chances of generating more blocks if you run
relatively weak mining equipment. Yet, even the owners of powerful GPUs will
feel the difference when joining a Monero mining pool and enjoy better income.
The post Monero (XMR) Mining Pools appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.