Mar 5, 2019 16:00 UTC
Mar 5, 2019 at 18:53 UTC
How To Join Ethereum Mining Pool?
If you are interested in cryptocurrency mining, it might be an asset for you to know how exactly you could join an Ethereum mining pool. But if you don’t, no worries, we are here to help you out.
Despite cryptocurrency mining’s dip in profitability, there are many mining pools for people to join and experiment with. It doesn’t hurt to know, how to join an Ethereum mining pool, if you are particularly interested in Ethereum.
It is now important to have knowledge regarding these things, if you are interested in the cryptocurrency market.
We have previously talked about the Top 10 Ethereum Mining Pools of 2018, and although the year is 2019 now, most of this list remains unchanged.
If you however do not know how to join an ethereum mining pool, here is a step by step guide to help you out.
You May Also Read: Ethereum Mining Explained
How To Join An Ethereum Mining Pool In 3 Easy Steps
The first step is to make sure that your computer has the resources to be able to mine Ethereum. You need to set up the computer in such a way that it is able to function post joining an Ethereum mining pool.
It is important to educate yourself on how an Ethereum mining pool looks like and how it functions. Make sure you have all the necessary information you need in order to join an Ethereum mining pool.
Having the right equipment is extremely necessary. The mining rig needs to be set up correctly.
You May Also Read: Best Ethereum Mining Hardware of 2018
The next step is to search for an Ethereum mining pool that is best suited to meet your requirements.
Most mining apps and services support their own official mining pools, in addition to which, there are pools created by online communities.
Conduct a thorough research on the mining pool you are about to join. Make sure you know about their past performance and mining software to avoid any risks.
Most mining apps and services run their own official pools, which can be opted out of by changing it to a ‘custom pool’ in the application settings. Few popular pools are Ethpool/Ethermine, Minergate, Nanopool etc.
Note that each mining pool has a numerical address embedded into the custom settings in the Ethereum mining software which allows you to reach the Ethereum mining pool.
Once you have decided on the Ethereum mining pool that you wish to join, and you are confident about your device’s computation power, simply sign up for that pool.
Set up an account and then you can officially start mining. Make sure to research well on the fee, the country of origin and the reputation of the mining pool before you decide to join it.
With those 3 easy steps, you are all ready to be connected to a Mining Pool.
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