Pool fees and payout thresholdĪs we said the most important factor that will affect your mining profitability is mining pool fees. That is if we take pools hashrate and workers into consideration. With smaller pools (less miners and less hashpower) you get larger payouts but they are often less likely to find a block so the payouts are irregular.Īmong the list of Raven mining pools the winner here is Suprnova, F2pool, Bee pool, Nanopool and Ravenminer. Just take this into consideration: With larger pools (more miners and higher hashpower) you get smaller rewards but regular payouts. It’s like mining solo again such pools will only lead you to loss of time and money. But think of throwing your hashpower to a mining pool where there are less workers and the hashrate is not adequate to find a block. Just consider the following factors and you should be able to decide it yourself.įor the sake of network security it is often advised to spread hashrate across various mining pools. With so many Ravencoin mining pools out there it will be difficult for you to find out the best mining pool. Deciding the best mining pool for Ravencoin Now here are few criteria which you need to look at before choosing a mining pool. This fee depends from pool to pool and is one of the factor that impacts your mining profitability. In exchange for providing such service and to cover the server costs mining pools often take a small amount of share from every miners. By joining a mining pool you get payouts more frequently rather than waiting for years to hit a block which is often the case when mining solo. Each miners share their processing power and whenever the mining pool finds a block the block reward is distributed to every members of the pool based on their hash power contribution. Each and every single mining pool contains hundreds or even thousands of individual miners. Mining pools are nothing but a place where a group of individual miners work together to solve a block. For miners with low resources the only solution for them to find a block and get rewarded on a constant basis is by joining a mining pool. It would take a long time for individual miners (even years) to generate a block. Mining Difficulty: As the network hashrate grows, mining gets competitive, and as it gets tough day by day the probability of finding a block becomes very difficult. Now before we list those Ravencoin mining pools let’s see why to join a mining pool and what are the factors one need to consider when choosing a mining pool.
Here in this post we’ll be sharing some of the best pools for mining Ravencoin. But with such high network difficulty do you think it is possible for you to solo mine and win a block? This is why it is advised to join a mining pool. It’s quite simple get yourself a wallet, configure the miner and start mining. Thanks to its ASIC resistant algorithm: X16R which made possible for GPU miners to stay in the game.īeing the most profitable coin you might be looking to mine Ravencoin. Just head to WhatToMine or any other mining calculators and you’ll find that for most graphic cards especially on NVIDIA cards Raven tops the profitability list. It’s actually hashrate that follows price but even with such high difficulty Raven still remains the most profitable coin to mine.
Some say “hashrate follows price” and some say “price follows hashrate”. The current network hashrate of Ravencoin is around 14 TH/s.
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