Once you get Ethereum mining hardware, your next step is to decide on which Ethereum mining pool you’ll join.
A mining pool helps you get more frequent payouts rather than only getting paid when you solve an Ether block.
Note that mining has a lot of up-front costs, and if you just want Ether than it’s usually a better idea to just buy Ethereum.
You’ll also need Ethereum mining software to point your hardware towards your selected pool. And, an Ethereum wallet to receive payouts to. A hardware wallet like the Ledger Nano X would be the best option.
We’ve listed the top pools in order of hash rate share according to Etherchain:
Just a note about pools:
The pools below are mining pools. This means you need to own mining hardware.
You need a wallet before you can mine Ethereum.
Our guide on the best crypto wallets features wallets that support ether. Read it here!
They are currently the largest Ether mining pool with about 25% of the network’s hash rate.
F2pool is also a Bitcoin mining pool. Its Ether mining pool appears to only be available in Chinese, so this is not a good option for most of our readers.
DwarfPool is the third largest Ethereum mining pool with about 13% of the network’s hash rate. In addition to Ether you can mine a bunch of other currencies like Monero and Dash.
ethfans is another Chinese pool with about 8.6% of the network hash rate.
Mining is not the fastest way to buy ethereum.
Buying ethereum with a debit card is the fastest way.
This section will answer common questions about Ethereum pools.
All of the pools are pretty good and ideally you will just want to choose one that is reliable, has low fees, and has a server near you.
No, Ethereum mining pools and Bitcoin mining pools are completely different! Because Bitcoin and Ethereum using different hashing algorithms, the hardware needed to mine each coin is different and so are the pooling protocols used.
You can check in your Ether mining software that you are really being paid according to your shares contributed.