Electroneum Mining Pools: Ultimate Guide

If you are a novice, the best way to choose pools is by looking at their hash rate, which will show you how efficient they are at mining. Here is a comparison list of the best Electroneum mining pools, based on their hash rate. You can also see their market share, server location, reward system and the fees:

The elements in the table above are part of the many factors that make up a pool. You can check them out in the How to choose the right mining pool guide, where I cover them in more detail and also make sure you check out the information I have on the reward systems.

I would also recommend considering a backup pool that you can use in case your main one goes down. Just register in several and mine 24/7 without any interruptions, as they are programmed to switch to the next URL in line if the current one drops.

List of Mining Pools Without Registration

Usually when you choose a pool, you need to register and provide email address to receive notifications and follow the mining process. There are some with a slightly different registration approach, or in other words – without registration. Actually, the only difference in this case would be the spot you use to log in. In other words, you don’t register on the main webpage, but you add the URL to your mining software. In this list you can see a comparison of the top 3 pools that don’t require a registration:

To explain the whole process – Electroneum is mined using ASIC machines that come with a pre-installed software. This makes things even easier for you – you need to log into the device’s software page and find “Pool URL”. Then choose from the Electroneum mining pool list. In the steps bellow, I have given you the commands as a quick start configuration for each. You can also just copy/paste them for more accuracy. Then check, if the pool recognizes you as a miner. This way you’ll achieve a connection to the pool from your private spot, without registering and giving any private information.

The calculator here can be used to see how much profits can be made when joining an Electroneum mining pool. Just enter in the empty spaces your currency, hash rate, power consumption, electricity cost and the pool fee. Then you just need to click “calculate”. Estimating your cloud mining profits is even easier. All you need to enter are the hash rate and the fee.

The results will show you the earnings for the day, the week, the month or the year. Also, you can see how much the power would cost you for the same time periods. When you are calculating your cloud mining profits, you just need to make sure that your estimated earnings cover the mining contract and all costs.

Electroneum has been made to be mineable with a smartphone, something called the Mobile Mining Experience which does not require any sort of technical knowledge. It is also mineable the traditional way, using computers and ASICs. Considering this, to set up your own Electroneum mining pool might be a very profitable undertaking. You will not only get a part of the block reward, but you can also collect fees from your miners. On top of that you will be contributing to the decentralization of the mining power. However, you should keep in mind that the process of setting up an Electroneum pool by yourself is not easy and might require some technical knowledge. The minimum requirements you will need are VPS (Virtual Private Server) with at least:

You can also rent the VPS. It is easier, and you will have to do only the software configuration for each ETN mining pool.

The top locations for Electroneum servers are Germany, Central Europe, Japan and Australia. Servers are usually located in places with overall low electricity costs and fast internet connectivity. They usually mine near the pool server location as it allows for lower latency, thus making the mining process more efficient.

About ETN Mining Pool Centralization

There are some concerns about the risk of a 51% attack over the Electroneum blockchain. There have been such attacks in the past. Another concern that miners have is that the mobile mining is technically centralized, which according to some can be problematic. Regardless, I recommend that you decide to join smaller ETN pools or create a new one yourself, so you can avoid contributing to the centralization and protect your profits.

Pool Distribution (calculate by blocks)

Pool	Hashrate Share
etn.nanopool.org	19%
prime-pools.com	18%
etn.pandapool.io	5%
etn.firepool.de	4%
etn.easyhash.io	3%
Other pools	51%

Evolution of Electroneum Mining Pools

Electroneum was born in the middle of 2017 and had a successful start and later on in 2018. After some beta testing, it met its main goal – to launch a mobile miner. The coin is relatively small in relation to some of the best-known ones, however it is working towards further development. The main goals for the future include launching Instant Payment and a community app, amongst several other features. This will make ETN mining pools even more attractive and profitable.