What Is Ethereum Mining Pool?

An Ethereum mining pool is a group of individual miners who come together, pooling their resources, (hence the name), to produce the Ethereum cryptocurrency. The combined hashing power of all their machines in the Ethereum mining pool is better at generating rewards for everyone than if they were to go it alone. Depending on how much work they contributed, each individual in the pool receives a proportionate share of the reward. Each group member in the Ethereum mining pool is awarded based on the verification of their work by the system.

Ethereum mining pools first came into existence when it became apparent that the coin was becoming harder to mine as time went on. Each cryptocurrency has a hard cap, which means a limit on how many can be produced in total. As more coins are mined, that leaves fewer left to be discovered, and the algorithm’s difficulty level rises to match. Greater difficulty means more hashing power as required, which means better computers.

ASIC stands for Application Specific Integrated Circuits, and it is used to refer to computers that have been designed to perform one task very well. In this situation, there is a definite advantage in using ASIC-based machines, because their dedicated hardware is perfectly suited to the task of mining Ethereum, and because of that they often much greater efficiency than generic PC setups.

The mining algorithm for the Ethereum cryptocurrency is called EtHash. It was designed to remove any advantage that ASIC-based Ethereum mining pools might have, but it’s been discovered by a crypto mining company called Bitmain that there is a way to design ASICs for just this purpose, and that’s just what they have been doing.

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Contract details
  • Algo: SHA-256
  • Power: 17778 GH/s
  • Bonus: +0 GH/s
  • Price: 155 USD
  • Average price per 10 GH/s: 0.087 USD
  • Duration: 1 year
  • Maintenance fee: 0.0005$ / 10 GH/s
Payout forecast *
  • Daily: from 0.57 to 0.85 $
  • Weekly: from 4.0 to 6.0 $
  • Monthly: from 17 to 26 $
  • Yearly: from 208 to 311 $
* This forecast is indicative and does not
include resell of altcoins and maintenance fee
Hashrate Sold:
69%
You buy
GH/s
You pay
221 USD 155 USD
Buy GH/s
Contract details
  • Algo: SHA-256 Pro
  • Power: 17778 GH/s
  • Bonus: +0 GH/s
  • Price: 155 USD
  • Average price per 10 GH/s: 0.087 USD
  • Duration: 1 year
  • Maintenance fee: 0.0005$ / 10 GH/s
Payout forecast *
  • Daily: from 0.57 to 0.85 $
  • Weekly: from 4.0 to 6.0 $
  • Monthly: from 17 to 26 $
  • Yearly: from 208 to 311 $
* This forecast is indicative and does not
include resell of altcoins and maintenance fee
Hashrate Sold:
77%
You buy
GH/s
You pay
221 USD 155 USD
Buy GH/s
Contract details
  • Algo: SHA-256 BCH
  • Power: 17778 GH/s
  • Bonus: +0 GH/s
  • Price: 155 USD
  • Average price per 10 GH/s: 0.087 USD
  • Duration: 1 year
  • Maintenance fee: 0.0005$ / 10 GH/s
Payout forecast *
  • Daily: from 0.57 to 0.85 $
  • Weekly: from 4.0 to 6.0 $
  • Monthly: from 17 to 26 $
  • Yearly: from 208 to 311 $
* This forecast is indicative and does not
include resell of altcoins and maintenance fee
Hashrate Sold:
87%
You buy
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You pay
221 USD 155 USD
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Contract details
  • Algo: USDT
  • Power: 17778 GH/s
  • Bonus: +0 GH/s
  • Price: 155 USD
  • Average price per 1 GH/s: 0.087 USD
  • Duration: 1 year
  • Maintenance fee: 0.0001$ / 1 GH/s
Payout forecast *
  • Daily: from 0.57 to 0.85 $
  • Weekly: from 4.0 to 6.0 $
  • Monthly: from 17 to 26 $
  • Yearly: from 208 to 311 $
* This forecast is indicative and does not
include resell of altcoins and maintenance fee
Hashrate Sold:
100%
You buy
MH/s
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221 USD 155 USD
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Contract details
  • Algo: Ethereum
  • Power: 17778 MH/s
  • Bonus: +0 MH/s
  • Price: 155 USD
  • Average price per 0.1 MH/s: 0.087 USD
  • Duration: 1 year
  • Maintenance fee: 0.00013$ / 0.1 MH/s
Payout forecast *
  • Daily: from 0.57 to 0.85 $
  • Weekly: from 4.0 to 6.0 $
  • Monthly: from 17 to 26 $
  • Yearly: from 208 to 311 $
* This forecast is indicative and does not
include resell of altcoins and maintenance fee
Hashrate Sold:
100%
5556 GH/s
30000 GH/s
6095853 GH/s
12191706 GH/s

Bronze

Bronze account features:
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  • 10 GH/s = 0.128$ 0.09$
  • Maintenance fee: 0.0005$ / 10 GH/s / 24h
  • Payouts - every day
  • Min. contract: 500 GH/s

Silver

Silver account features:
(from 5000 GH/s)
  • SHA-256
  • 10 GH/s = 0.123$ 0.086$
  • Maintenance fee: 0.0005$ / 10 GH/s / 24h
  • Payouts - every day
  • Min. contract: 5000 GH/s

Gold

Gold account features:
(from 30000 GH/s)
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  • 10 GH/s = 0.117$ 0.082$
  • Maintenance fee: 0.0005$ / 10 GH/s / 24h
  • Payouts - every day
  • Min. contract: 30000 GH/s

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Diamond

Same as Gold
With extra features
(from 6095853 GH/s)
  • +5% Extra hashrate (revenue)
  • Latest iPhone as a gift
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  • Up to 35% discount
  • +48h discounts extended
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