Review on Nanopool by Benaiah A. Akinlade
Review on NANOPOOL
Nanopool is a cryptocurrency pool where users can mine 7 cryptocurrencies; Ethereum, Ethereum Classic, Monero, zcash, Pascal, Electroneum and Raven. There is a fee that is levied on the income of its users. It is 1% for all coins except Pascal which has 2%. There are no commission fees for withdrawing funds.
The company started operating in 2017. It is one of the biggest mining pools with up to 25,000 miners.
Nanopool encourages miners by paying them with the method of Pay Per Last N Shares. The reward allocated for finding block is dependent on the number of the shares and the complexity of hashing in the last 20 mins.. The minimum amount of payment depends on the mined crypto.
You can buy computing power on the market and use it for the production of digital assets in Nanopool.
There have been positive feedbacks from miner that have used and that are still mining with Nanapool.
Pros
- It is one of the biggest mining pools available
Cons
- NA
