Review on Nanopool by Joseph Bello
The Ethereum Mining Pool, Nanopool
Mining pools these days have Bitcoin as the main cryptocurrency being mined. This has been the trend ever since. The mining of Bitcoin is so popular that almost all mining pools mine it and other cryptocurrencies. This has been countered by the Nanopool. It is one of the few mining pools that mine other cryptocurrencies except Bitcoin. They have Ethereum as the main cryptocurrency they mine, this has not really affected it's popularity as Ethereum is also a popular cryptocurrency. The Nanopool is capable of supporting coins like Ethereum, Ethereum Classic, ZCash and others. They charge a standard fee of 1% and 2% for some coins like Ethereum due to its high charges for gas fee. It started operation in the year 2018 and is presently in charge of more than 30% hashrate.
Payments on this mining pool is made possible via the Pay Per Last N Shares (PPLNS) which is the most secured payment method. Mining has never been this easy, thanks to Nanopool !!
Pros
- They control a large amount of hashrate
- The company happens to be new in the industry and has gradually climbed up the ladder of greatness
- They make payments through the most secured methods in the world, PPLNS
- Payments can be made several times a day and any mined coin can be stored on your wallet
- It supports some popular cryptocurrencies, I think this was what made it popular
Cons
- I feel they should increase the number of cryptocurrencies that can be mined
New products
Comments (2)
December 30, 2020
Mining Ethereum tends to be cheaper and takes lesser electricity. I feel the Nanopool made a right decision by choosing to mine Ethereum unlike many others that mine Bitcoin and other cryptocurrencies
December 29, 2020
I feel the Nanopool should be called "the Ethereum mining pool." My experience with them has been very interesting as I can even process like 2 to 3 withdrawals in just a day (as the maximum I tried was 3)
