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What are the Ethereum Classic mining pools Introducing Ethereum

Date:2024-04-07 17:50:34 Channel:Crypto Read:
As an important member of the blockchain world, Ethereum Classic (ETC) is attracting more and more miners to join its mining ranks. In this process, the Ethereum Classic mining pool plays a crucial role. Let’s dig in and find out what the well-known Ethereum Classic mining pools are and how they operate.
Mining Pool Overview

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The Ethereum Classic Mining Pool is a network composed of a group of miners, aiming to concentrate their computing power and increase the probability of mining, thereby obtaining more stable income. This collective cooperation method effectively reduces the risk of miners working alone and improves the overall mining efficiency. When choosing a mining pool, miners need to consider factors such as the reputation of the mining pool, handling fees, and payment methods.
Introduction to the well-known Ethereum Classic mining pool
1. **Ethermine**
Ethermine is one of the most well-known of the Ethereum Classic mining pools, with a large community of miners. It uses the PPLNS payment method, has low handling fees and stable block production, and is favored by miners.
2. **NanoPool**
As a multi-currency mining pool, NanoPool also supports Ethereum Classic mining. It has good stability and security, while providing diversified payment options to suit the needs of different types of miners.
3. **MiningPoolHub**
MiningPoolHub is a long-running mining pool, and Ethereum Classic is one of its supported digital currencies. The mining pool focuses on user experience, provides detailed statistics and various payment methods, and provides all-round support for miners.
Considerations when choosing a mining pool
When choosing an Ethereum Classic mining pool, miners need to consider several factors:
- **Reputation and Credibility**: Choosing a mining pool with a good reputation and credibility can reduce risks.
- **Handling Fee**: Low handling fees can increase mining profits, but you should also pay attention to whether there are hidden fees.
- **Payment Method**: The payment methods of different mining pools have their own characteristics, and miners can choose the appropriate method according to their own needs.
- **Mining efficiency**: The stability of block production and mining efficiency of the mining pool directly affect the income of miners.
Mining process of mining pool
The mining process of Ethereum Classic Mining Pool generally includes the following steps:
1. **Register an account**: Miners need to register an account on the mining pool website and create a miner machine.
2. **Configure mining software**: Download and configure the corresponding mining software, and connect to the miner node of the mining pool.
3. **Start Mining**: Start the mining software, wait for the mining pool to assign tasks, and start mining.
4. **Monitor earnings**: Miners can view real-time mining data and earnings through the mining pool website.
The future of mining pools
With the continuous development and improvement of blockchain technology, Ethereum Classic Mining Pool will also face new opportunities and challenges. In the future, mining pools may pay more attention to technological innovation and improve mining efficiency. They also need to pay attention to industry supervision and policy changes to deal with potential risks.
By in-depth understanding of the operating mechanism and selection points of Ethereum Classic mining pools, miners can choose the mining pool that suits them more wisely, improve mining efficiency, and obtain stable income. Although mining is hard work, by choosing a mining pool appropriately and continuously optimizing mining strategies, miners can still mine their own gold mine of wealth in the digital currency world.

What are the Ethereum Classic mining pools? One thing that investors often overlook is that Ethereum is no longer an immutable blockchain. When the Ethereum network originally split into ETH and ETC, Ethereum itself became a mutable fork of the original blockchain, while Ethereum Classic was still the original chain created many years ago. Recently, many people have begun to look for Ethereum Classic mining pools. The ones I will introduce below may arouse your interest.

**1.NANOPOOL**

In the Ethereum Classic ecosystem, the largest mining pool is Nanopool. The current network hash rate of the mining pool exceeds 1.25/s. With nearly 5,000 miners and about 12,000 workers, Nanopool has quickly become the most popular among the many miners. Nanopool also supports a number of other cryptocurrencies, making them another crypto powerhouse.

**2.EPOOL**

Epool has considerable potential, and its hash capacity is only 33.4GH/s. This is quite low compared to Nanopool, but currently some of the pool’s larger miners are pointing their hardware towards Epool. In fact, the mining company’s hash rate is 2.03/s, with the smallest miner still offering 7.42 MHS/s. This shows that Epool is an Ethereum Classic mining pool for anyone, they have tier servers in the US and Europe.

**3.ETHTEAM**

EthTeam is considered the traditional mining pool of Ethereum Classic, but the hash rate of this mining pool is only 9.35/s. Despite this, the mining pool is still one of the active user groups on Reddit and social media. If Ethereum Classic miners encounter some problems that cannot be solved, they can keep in touch with EthTeam representatives. EthTeam has servers in Germany and the United States and pays users on a pay-as-you-go basis, plus a 1% pool fee.

**4.MINERGATE**

MINERGATE is one of the recently popular mining pools that supports the mining of some major cryptocurrencies, including Ethereum Classic. In fact, the platform’s Ethereum Classic mining pool is currently hashing at around 8GH/s and rewards miners based on the PPLNS scheme, which is rare among mining pools today. MinerGate remains one of the smaller classic mining pools for Ethereum, considering the total hash rate of other networks exceeds 7.6 MB.

**5.SUPRNOVA**

Suprnova is a mining pool well known to crypto enthusiasts that has always supported popular cryptocurrencies, with the exception of Ethereum Classic. However, the pool does not show the hash rate for Ethereum Classic mining right now. Even so, this is certainly a new Ethereum Classic mining pool worth checking out, as Suprnova has solid credibility within the cryptocurrency community.

**6. COIN-MINERS**

The mining pool owned by Ethereum Classic miners operates on the PPLNS scheme. They pay in a final payment of $1000, which means users will be fairly compensated. However, the company appears to be struggling to gain momentum in mining Ethereum Classic as it has no active online miners, according to website statistics. This allows new users to mine here and helps decentralize the Ethereum Classic mining process.

After studying the above relevant content, have you mastered Ethereum Classic mining? Here, the editor still wants to remind investors to be cautious during the investment process.

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