Review on Nanopool by David Olayide
Nanopool For Mining.
Nanopool is another one of those collective cryptocurrency mining pools that millions of individuals make use of to collect and store cryptocurrencies. Nanopool especially focuses on Ethereum, Ethereum Classic, Monero, Raven, and Zcash. Others might include less known currencies such as Grin and Pascal. On the Nanopool mining pool it is possible for you to mine just a single crypto, or even two at once. Nanopool offers a no registration policy, low rates on commissions, and dual mining.
To withdraw funds for ETH, ETC, and ZEC is actually commission or charge free. But you should know that recently though, a fee was added for ethereum because of the high nature of its Gas fees. The commission affects those transactions with an amount less than 0.1 ETH so yes it affects small miners majorly. On the website of the mining pool right there on the homepage you will find each different pool with basic information on their stats. The mining algorithm, minimum withdrawal, current price and hashrate are just some of the details you might find to give you a glimpse into what it means to mine that particular coin.
If you click on one of those pools you will get more information. The entire site is rendered in the English language and other languages are not available. Nanopool is structured in a very simple way, so no registration, no verification difficulties. All you need is to register or have an account on any of the many crypto exchanges available and then copy your wallet address. Payout is done fairly through the use on a very efficient PPLNS system.
Withdrawal is automatic once you reach minimum withdrawal.
Pros
- No registration required
- Safe and secure
- User friendly
Cons
- Mining is for only eth and eth based tokens
