Creating a fair and representative mining pool comparison is difficult

The guileless technique to think about pools by digging for a fixed period on one pool and afterward switch for a similar period to another pool and analyze pay is defective as this strategy doesn’t consider pool karma, network trouble and mining rig karma.

Another regular technique is to direct two indistinguishable apparatuses toward two pools simultaneously. While this strategy will give much better outcomes, our experience shows, that regardless of whether two apparatuses are produced using a similar sort of equipment their hashrate may in any case contrast by a factor as extensive as 10%.

Our unique approach to comparing mining pools

  • We mine with indistinguishable equipment on each pool
  • We measure the specific measure of hashrate submitted to each pool
  • We just tally acknowledged offers to figure the affirmed hashrate
  • We constantly screen the equilibrium advancement on each pool (unverified + affirmed + paid out)
  • We utilize a long examination time of 7 days to limit the impact of pool karma
  • We recommend using a crypto trading bot to increase the margin from trading.
  • Our correlation result is the all out pay weighted by the measure of affirmed hashrate submitted to each pool in the course of the most recent 7 days
  • We use technical analysis of cryptocurrencies and gold price forecasts for the next 5 years to accurately predict your investment portfolio.

FAQ

At bitfly our fundamental objective is to consistently give the most beneficial mining pools to guarantee our excavators get the most elevated conceivable measure of coins for their hashrate. To contrast our pools and our opposition we at first set up an inner examination framework. Subsequent to acknowledging how important a delegate mining pool examination is, we settled to disclose our framework and extend it to numerous different coins/calculations (even one we don’t offer mining pools at the present time).

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Why is comparing mining pools difficult?

The payout of a mining pool is impacted by loads of factors like organization trouble, complete hashrate of the pool, pool worker idleness, payout technique, charges, pool karma and some more. Contrasting frameworks and such countless changing factors isn’t unimportant and needs an exceptional methodology.

The guileless strategy to contrast mining pools is with select a couple of contender for a coin and mine x days on the principal, at that point x days on the second, etc. Subsequent to having mined on all up-and-comer pools you analyze how much coins you have gotten from each pool. This technique has a critical issue as it doesn’t consider changes in the organization trouble of the coin. While mining on the main pool the trouble might have been higher or lower contrasted with when mining on different pools. Particularly with youthful coins one can anticipate huge trouble varieties. Likewise if x is short pool karma will impact the outcomes altogether.

Another technique is to mine on totally tried pools simultaneously utilizing numerous GPUs/ASICS. While this technique will yield much preferable outcomes over the principal approach our experience shows that it actually has its issues. First if the tried period is to short, pool karma will in any case impact the outcomes. Moreover, regardless of whether two apparatuses are worked from similar parts, their hashrate probably won’t be to 100% comparative will in any case be dependent upon enormous difference. On the off chance that we need to recognize pool execution contrasts in the scope of 1–2% such a hashrate distinction will likewise altogether affect the outcomes.

Our approach to compare different mining pools

Like the subsequent methodology referenced in the past point, we utilize indistinguishable equipment to mine at a few pools simultaneously. Rather than mining straightforwardly to each pool every one of our excavators go box a neighborhood intermediary which is checking each submitted and acknowledged offer to precisely ascertain the measure of acknowledged hashrate shipped off each pool.

Second we have incorporate with APIs given be to pool to consistently screen the amassed equilibrium of our mining accounts.

To ascertain our examination results we analyze the amount we have procured on each pool during the most recent 7 days and weight those qualities by the measure of affirmed hashrate shipped off each pool.

Model: We need to think about two Ethereum mining pools, pool An and pool B. Our digging intermediary shows that for pool A we have presented an all out affirmed hashrate of 198 MH/s throughout the most recent 7 days. For pool B we have presented a complete affirmed hashrate of 185 MH/s throughout the most recent 7 days. During that period our equilibrium on pool A has expanded by 0.115 ETH while on pool B our equilibrium has expanded by 0.113 ETH. This gives for pool 0.115/198 * 1000 = 0.5808 ETH/GH/s/Week and for pool B 0.113/185 * 1000 = 0.6108 ETH/GH/s/Week. Which implies that during the deliberate period pool B was around 5% more beneficial contrasted with pool A.

Supported Currencies & Pools

As we need to assigned digging equipment for every benchmark we ca exclude a limitless measure of coins and pools in the tests.

You are just mining with next to no hashrate on each pool. Will not this influence your outcomes

One of the central issues of a decent mining pool is a reasonable payout free on the off chance that you mine with a tremendous homestead or only 1 GPU. We change the hashrate for each benchmarking meeting so that each pool gets in any event 1 offer like clockwork.

What happens if our mining farm goes down / loses network connectivity?

In the impossible occasion that our mining ranch endures organization or force issues benchmarking will be stopped for all coins and pools. Benchmarking will continue when the homestead is online once more.

What happens if one GPU / ASIC gets stuck or is not mining properly?

We consistently screen every one of our apparatuses and ASICs and restart them in the event that they experience any issues.

What happens if we lose connection to one of the pools?

Such an occasion will no affect the benchmarking results as during this time we will neither submit offers to a pool nor will the our pool balance change.

What do the different pool reward methods like PPS and PPLNS mean?

Right now there are two unmistakable kinds of pool rewards strategies being used by most pools.

PPS

PPS is short for Pay Per Share and implies that each offer will be compensated a fixed measure of coins relying upon the current organization trouble. Excavators will get their prize free if a pool really discovers a square or not. Excavators basically sell their hashrate to the pool at a fixed cost. How and if the pool sets the cost differs from one pool to another. Some base it on the square award and the genuine organization trouble, some likewise incorporate an assessment of the exchange charge prize in their cost. As the real danger of discovering a square lies with the pool administrator this prize technique is normally dependent upon higher pool expenses. The advantage of this strategy is that diggers will get their prize free if the pool really discovers a square.

PPLNS

PPLNS is short for Pay Per Last N Shares and implies that after a square is discovered, the square award is dispersed to all excavators of the pool as per the measure of hashrate submitted during the keep going N hours. N can go from 1 to a few hours. Normally the disseminated reward incorporates the full square prize and all exchanges expenses. As the danger of discovering a square lies with the excavators and not the pool administrator this prize technique is typically liable to bring down expenses contrasted with PPS. The downside of this strategy is that if a pool doesn’t discover a square for a delayed timeframe the diggers won’t get any prize for their submitted hashrate.

Which pool should I choose?

Overall you ought to consistently pick the most beneficial pool which gives workers as close as conceivable to your mining area. We don’t prescribe diggers from Europe to mine on a Chinese pool worker and the other way around, autonomous on the genuine benefit of the pool.

Coin Setup Benchmarked Pools
Ethereum 5 GPU mining rigs with 8 GTX1070 running ethminer (total hashrate of ~900MH/s, provided by Atlantic Crypto) Ethermine
Nanopool
Miningpoolhub
F2Pool
Sparkpool
Zcash 1 GPU mining rig with 6 GTX1060 running bminer (total hashrate of ~1.3kSol/s) Poolin
F2Pool
Flypool
Slushpool
Beam 1 GPU mining rig with 6 GTX1060 running gminer (total hashrate of ~75 Sols/s) Btc.com
F2Pool
Leafpool
Beepool
Sparkpool
 Ethereum Classic 1 GPU mining rig with 6 GTX1060 running ethminer (total hashrate of ~120MH/s) Ethermine
Nanopool
F2Pool
2Miners
Monero  1 GPU mining rig with 5 GTX1060 running xmrig (total hashrate of ~2kH/s) Nanopool
Supportxmr
Minexmr
F2Pool
Poolin
 Grin-C29 4 GPU mining rigs with 8 GTX1070 running bminer (total hashrate of ~110G/s, provided by Atlantic Crypto) Btc.com
Sparkpool
F2Pool
Grinmint
Bitcoin GOLD Total hashrate of ~352.81 KS/s Btc.com
F2Pool
Grinmint
Grin-C31 4 GPU mining rigs with 8 GTX1070 running bminer (total hashrate of ~19G/s, provided by Atlantic Crypto) Btc.com
Sparkpool
F2Pool
Grinmint
Cortex Total hashrate of ~5.09 KGps Btc.com
F2Pool
Grinmint
Ravencoin Total hashrate of ~917.28 GH/s Poolin
Nanopool
Minexmr
Nervos Total hashrate of ~660.33 TH/s Nanopool
Beepool
Miningpoolhub
Firo (Zcoin) Total hashrate of ~13.35 GH/s F2Pool
Grinmint
Beepool