Which Ethereum mining pool has the highest profit (Best Ethereum mining pool)

Which Ethereum mining pool has the highest profit? According to official data statistics, the current mining power of Ethereum has reached 150P. Based on the current price of ETH, the most profitable mining machine in the Ethereum network is Ethash (HASH).

Among them, EthHash’s daily income is 3 BTC; BCH’s daily loss is 6 BTC, and BSV’s two-way contract loss is 4 bitcoins. In addition, according to data from DappReview website, as of 2:30 pm on November 16th, the mining profitability rate on Ethereum has reached 95.5%, which is much higher than the profits earned by miners of other cryptocurrencies.

Best Ethereum mining pool

Editor’s note: This article is from Colorful Cloud Blockchain (ID: cybtc_com), authorized to be reproduced by Odaily Planet Daily.

The daily income of Ethereum miners is about 150,000 ETH, equivalent to approximately $100 million in electricity costs. This number has doubled in 2018. The price of Ether has risen from $20 in 2017 to $100 now.

One of the main reasons for the rise in Ethereum price is network congestion and high transaction fees, which has caused many cryptocurrency mining companies to have to shut down their services. However, this situation is not as easy to occur as most people expected, and many Bitcoin mining pools are unable to make a profit!

Currently, the most popular Ethereum mining pools are Poolin, ViaBTC, Antpool, and Hive, etc. Poolin, launched by three well-known institutions, provides services for mining machine trading. Poolin primarily serves wealthy individuals and those who do not know how to obtain ETH.

Poolin has a full-featured mining machine hosting solution, supporting thousands of transactions per second without relying on third-party software or hardware. The platform achieves decentralization by connecting computing power with mining pool operators. It also offers various other services, such as Exchange Trade Mining Services, Ethereum Staking Reward Payment Services, and EIP-1559 Token Conversion Services.

Poolin also allows users to easily exchange ETH in multiple exchanges (i.e., earning interest through Ethereum staking). If you want to exchange ETH/USDT, you only need to deposit a certain amount of ETH into the mining pool. This is a huge opportunity for newcomers as they can use your ETH anytime. Additionally, these services can be performed through P2PC servers.

According to Poolin’s data, the total locked value (TVL) of Ethereum mining pools is currently close to $1 billion, which is slightly lower than the peak of $1.4 billion reached in May of this year.

Due to the high volatility of Ether and the uncertainty and high gas costs of the mining industry, many mining farms have chosen to operate during smaller network times to lower operating costs and avoid the occurrence of large-scale liquidation.

Although there may be risks in mining farms, considering the rapid expansion of Ethereum mining, it is necessary to ensure that miners can maintain competitiveness in the long term.