Top 11 Best Ethereum Mining Pools

Best Ethereum Mining Pool in 2022

Here is the list of best Ethereum mining Pools in 2022:

• Ethermine — stands out with instant payouts, a high degree of anonymity, and detailed statistics.
• F2Pool — is one of the largest multi-currency mining pools in the world.
• Hiveon Pool — is a reliable pool that guarantees high-profit payouts with PPS+ distribution mode.
• 2Miners — strives to create an easy-to-use mining pool for all miners regardless of their farms' sizes.
• Flexpool — is the most advanced mining pool providing an easy-to-use way to mine the desired coins.
• Mining Pool Hub — is one of the popular auto-exchange multi pools, allowing mining of various coins or algorithms and auto-exchanging them to different cryptocurrencies.
• Crazypool — is a profitable mining pool with a low number of stale shares.
• Ezil — guarantees stable mining and maximum profitability.
• Nanopool — is a multi-currency mining pool with low pool fees.
• Binance Pool — is a comprehensive service platform aimed at improving miners' income.
• Ethpool — is a non-custodial solution for miners who want to stake on Ethereum and avoid running their hardware.

What is an Ethereum mining pool?

You have already chosen a cryptocurrency mining program, but don't know which mining pool to choose? We’re here to help you by presenting the 11 best mining pools.

One can mine cryptocurrencies on their own without joining a mining pool. Still, with Ethereum this has some serious consequences:

• Block mining time. The average time to mine an Ethereum block can take years. If you use a mining pool, you will get your payouts much more frequently, many times a day. This translates into stable, continuous income instead of very infrequent, irregular payouts.

• MEV (Miner Extractable Value). Its work is complicated, but in a nutshell, it is extra income for miners. The higher the computing power, the higher the chance of MEV revenue, so it's worth joining forces with other miners and choosing a mining pool to mine Ethereum.

What are the distribution modes?

Mining pools use many methods to distribute rewards. Some of these translate into more stable revenues, while others will make our revenues fluctuate a bit more, but still not to the same extent as when solo-mining. But importantly, in the long run, all of these reward distribution modes should provide somewhat the same returns for miners. Below are some of the most popular of these:

The PPLN mechanism is also called “pay-by-luck shares

The distribution of rewards to miners is calculated only after the mining pool has found a block, based on the last N shares. Mining pool checks which miners have sent the last N shares and distributes the rewards proportionally. So let's assume you needed 10 shares to find the block, and the pool pays only for the last N=2. Then if you send the first 8 shares, but the last 2 shares are found by someone else, you don't get any reward, and the person who found the last 2 shares gets the whole reward, even though you sent 4 times as many shares. That is where the name pay-per-luck comes from - your reward depends on luck.

PPLNS (Pay-Per-Last N Shares)

Despite its drawbacks, PPLNS is a very common reward distribution mode. Since the pool pays out rewards to miners only after a block is found, there is no risk of paying out more funds than it has, which generally translates into lower commissions.

PPS (Pay-Per-Share)

With this distribution mode, the mining pool pays miners for every share they send, regardless of when the pool has to mine the block. This system is based on the assumption that the luck is striving for 100%, and the rewards for miners are calculated in real-time, even before the block is mined, just as if the luck was 100%. This translates into steady, stable profits for miners, unlike with the PPLNS system. However, the PPS model has a significant drawback - only the block reward known in advance is shared among miners, so miners may not receive rewards from transaction fees paid by network users.

PPS+ (Pay-Per-Share)

With a solution to this problem comes the PPS+ system. It is a mix of both of the above solutions. Block rewards are shared according to the PPS system, and transaction fee rewards are shared according to the PPLNS system.

How to calculate profitability when mining Ethereum?

Besides choosing a mining pool, it is also helpful to calculate the profitability of Ethereum mining. If you want a general idea of how much you'll make, you can use a profitability calculator such as WhatToMine. However, if you're going to see how much you are earning from your mining rig, you can usually check it on the website of your chosen mining pool after entering your wallet address. Usually, in a panel on the mining pool's website, you will see the amount that has been mined in the last 24 hours, both in ETH and the current dollar value.

List Of The Best Ethereum Mining Pools

What is the best Ethereum mining pool?

Ethermine

Distribution mode: PPLNS.
Primary pool fee: 1%.
MEV fee: 0%
Real fee: about 0.9%.

✅ 0% MEV fee.
✅ The highest computing power.
❌ Inconvenient setting of the minimum payout. By default, the minimum withdrawal is 1 ETH.
❌ Extremely inconvenient and confusing gas commission setting.
❌ No live support.

Ethermine is the Ethereum mining pool with the largest hashrate of all. It accounts for over 30% of the computing power of the Ethereum network, which illustrates how eagerly miners choose it. Unfortunately, this raises some risks - if one miner owns more than 50% of the processing power of a given cryptocurrency, it is a real threat to the network, the so-called 51% attack. In terms of performance, on the other hand, Ethermine performs well. The primary commission is 1%, while miners receive 100% of the profits from MEV. The higher the hashrate, the higher the chance of MEV, so Ethermine performs excellently in this aspect. There are servers in multiple locations around the world. Withdrawals are paid by the miners, possible via the Ethereum and L2 Polygon networks.

F2Pool

Distribution mode: PPS+.
Primary pool fee: 2%.
MEV fee: 2%.
Real fee: 2%.

✅ Android and iOS mobile apps.
✅ Modern User Interface.
❌ High pool fee.
❌ Limited support.

F2Pool is responsible for almost 15% of the Ethereum network hashrate and is used by miners worldwide. Ethereum is just one of the cryptocurrencies it supports. The website is well thought out and polished, and there is a mobile app available for both Android and iOS. Unfortunately, the commission for using F2Pool is as much as 2%, but the good news is that it is the same for the MEV profits, while it is not the case with many other mining pools.

Hiveon Pool

Distribution mode: PPS+.
Primary pool fee: 0%.
Mev: 100% MEV rewards
Real fee: 0.08%

✅ 0% pool fee.
✅ Hiveon covers transaction costs.
✅ Hiveon pays 50% of stale shares up to a 5% max stale rate.
✅ Simple and intuitive interface.
✅ Referral program is available.
✅ Multiple servers located worldwide.
✅ High level of safety and reliability.
✅ 24/7 live support via Live Chat, Telegram, and Discord.
✅ The integration into the Hiveon OS allows convenient mining in the pool and managing the devices through Hiveon OS.
❌ The use of proxies is forbidden

Hiveon is one of the most prominent players in the market and the third-largest Ethereum mining pool globally in terms of computing power. It is distinguished primarily by its 0% pool fee. It is the lowest commission on the market. Hiveon pool covers 50% of stale shares, among other beneficial solutions for users. Thus, even if a share is sent after a block was already solved, you will still get paid. It is a brilliant choice for miners whose mining rigs are connected to the internet via Wi-Fi. The PPS+ reward distribution system provides miners with stable revenues. Withdrawals are free from 0.01 ETH over the Ethereum Mainnet.

2Miners

Distribution mode: PPLNS.
Primary pool fee: 1%.
MEV fee: 1%.
Real fee: 1%.

✅ Free Rave OS for its users.
✅ Free payouts in NANO (auto-converted from ETH).
✅ Payouts in Ethereum, Bitcoin, and NANO.
✅ 24/7 live support (via Telegram, helpdesk, and e-mail).
❌ 1,5% fee for solo miners.

2Miners is also one of the largest players in the market. It has maintained its high position for years. It is mainly distinguished by its ability to mine Ethereum and payout Bitcoin or NANO. In the case of the latter cryptocurrency, withdrawals are frequent and free. Of course, we can then exchange it for Ethereum on any cryptocurrency exchange. This mining pool also has a technical support team that helps with any technical difficulties 24/7.

Flexpool

Distribution mode: PPLNS.
Primary pool fee: 0.9%.
MEV fee: 5%.
Real fee: about 0.95%.

✅ Great User Interface.
✅ Big, active community.
❌ Limited support via Telegram, Discord, and e-mail (not 24/7 yet).

Flexpool is a relatively new mining pool. It is the 5th largest mining pool globally in terms of computing power. What distinguished it was the ability to manually set the commission that the users wanted to pay to the mining pool. It was set to 1% by default, although it could have been set to any value, even 0%. However, over time Flexpool abandoned this policy, setting a fixed 0.5% for all miners, which was one of the lowest commissions on the market. Sadly, in 2022, the commission was increased from 0.5% + 10% MEV fee to 0.9% + 5% MEV fee. However, Flexpool is still trying to innovate, as exemplified by Flexpool being the second mining pool in the world to share MEV rewards with miners. The user interface positively stands out for its clarity and modernity. The support team is available on Telegram, Discord, and email, but not yet 24/7.

Mining Pool Hub

Distribution mode: PPLNS.
Primary pool fee: 0.9%.
MEV fee: 0.9%.
Real fee: 0.9%.

✅ Low pool fee.
✅ Profit switching.
❌ Old-fashioned UI.

Mining Pool Hub stands out from the competition with its profit switching feature. If you enable it, the miner will mine the cryptocurrency that provides the highest profits (in dollar terms) at any given time. The limitation is that this cryptocurrency must be based on the algorithm being mined. So, for example, if mining Ravencoin is more profitable than Ethereum, the mining rig will not start mining it because these cryptocurrencies use different algorithms. The 0.9% commission (including MEV), which is a bit lower than the typical 1%, has made it a popular pool for miners worldwide.

Crazypool

Distribution mode: D-PPLNS.
Primary pool fee: 1%.
MEV fee: 1%.
Real fee: 1%.

✅ Low number of stale shares
✅ Jackpot
❌ Lower earnings for about 6-8 hours after joining

Crazypool was the first mining pool to start paying miners with MEV rewards. It uses the D-PPLNS reward distribution mode, which differs from PPLNS. The number of last solutions before finding a block for miners receiving a reward is determined dynamically according to a specific mechanism. The pool has an "anti-hopper" mechanism that favors miners who consistently dig on Crazypool. Therefore, revenue will be slightly lower for the first 6-8 hours or so. The earnings of miners whose accounts have had no activity for the last 60 days are put into a so-called jackpot, which goes to a random one of Crazypool's miners.

Ezil

Distribution mode: PPS+.
Primary pool fee: 1%.
MEV fee: 20%.
Real fee: about 1.15%.

✅ Referral program
✅ Dual mining ETH + ZIL
❌ High MEV fee

Ezil.me is the largest pool globally that mines ETH + ZIL without the need for any additional configuration. ZIL is a cryptocurrency that can only be mined for a few tens of seconds once every hour and a half. So Ezil takes advantage of this and switches Ethereum mining to Zilliqa for that time. It is now more profitable than mining Ethereum during this time, so the profits are slightly higher than when mining Ethereum alone. Dual mining of Ethereum + Zilliqa is possible in any other mining pool, too, by proxy mining, but Ezil makes it more accessible. Also noteworthy is the referral program, through which we can earn a portion of the revenue generated by the miners we invite. Also, Ezil has launched no fee payouts via Polygon.

Nanopool

Distribution mode: PPLNS.
Primary pool fee: 1%.
MEV fee: 1%.
Real fee: 1%.

✅ User-friendly UI
✅ Customizable payout limit
❌ Support only via tickets

Nanopool is another mining pool with a neat interface, and its fees are not too high. Unfortunately, there is no live chat with the support team.

Binance Pool

Distribution mode: PPS+.
Primary pool fee: 0.5%.
MEV fee: 100%.
Real fee: 1.3%.

✅ Free daily withdrawals to Binance exchange
❌ Doesn’t share MEV rewards with miners

Binance pool is distinguished mainly by its withdrawal system - daily payouts regardless of the amount earned, with no withdrawal fees, to the Binance exchange. It makes it an excellent option for miners with little computing power. Unfortunately, the Binance pool does not pay out MEV rewards to miners, which negatively affects the revenue. Still, the relatively low fee of 0.5% for using the pool partially compensates for this loss.

Ethpool

Pool fee: 0%.

✅ 0% pool fee
✅ Trusted Ethereum staking pool
❌ Minimal deposit of 32 ETH is required

Ethpool is an Ethereum staking pool. It is not a mining pool for mining Ethereum with cryptocurrency mining rigs but a place where you can deposit your cryptocurrency so that your capital grows, much like a deposit in a bank. The company behind it is Bitfly, a company you may know through Ethermine Pool. The pool stands out with a pool fee of 0%. Unfortunately, the minimum deposit required is 32 ETH.

How to choose the best Ethereum mining pool?

Many factors go into choosing the best mining pool. Check out the commissions for using it, the payout policy, the location and latency of the servers, and the additional features it offers. It will help you make an informed decision and maximize your Ethereum mining profits.

Conclusions

To choose the best Ethereum pool, the users need to consider multiple factors like distribution mode, pool and MEV fees, whether a pool covers transaction costs, server locations, safety and reliability level, and many others. Some pools also offer additional perks that are worth miners' attention (24/7 support, referral program, intuitive interface).

We hope this guide will help you choose the best pool for Ethereum mining. Each of them has its advantages and disadvantages. Please do your research, and don't be afraid to try out a few of them. Remember that profits mined on one pool do not transfer to other pools, so if you are already mining on another pool, withdraw your funds to your wallet before you change pools. Happy mining!