The Top Komodo Mining Pools You Could Join

Are you looking to join the best Komodo mining pool? If this is your goal, the easiest indicator, which will show you the capacity and reliability of pooled mining is the hash rate. Those with higher hash will solve blocks faster and more efficiently. This will finalize in frequent and secure incomes into your wallet. Here is a list of top five Komodo pools with their market share, server locations, reward systems and fees:

Ultimately, there are some additional parameters you would like to explore before you make your call, because they might also influence your decision. To find out more about it, check my article on “How to choose the right mining pool”.

An important topic when you mine is to be aware of the different “Mining pools reward systems” . As you can see from the table, even when mining one coin, there are different systems for splitting the income. At the end, they all aim for being proportional.

Did you know, that you can register in several KMD mining pools, in order your hardware to be buy online 24/7? What is more, usually when a malfunction or breakdown occurs in one of the pools, your software automatically jumps to the next one in line and continues earning you coins.

Comparison of Mining pools without registration

Let’s observe another alternative. When speaking of privacy some people are not likely to share their email address and there is some good news in this relation. In fact, I have gathered for you the best Komodo mining pools without registration, which require only your wallet address to join in. This way email attacks are let to a minimum level, because keeping safe your address is vital. Check out my research result list providing you some incognito options:

Komodo is mined with both ASICs and GPUs for more efficiency, which determines the work of their pools as well. All you need to do is to have the software (ASIC preinstalled, or GPU downloaded) where you enter the configuration of each pool into your miner’s program – URL address. For more accuracy you can just copy/paste them:

This calculator here can show you how much profit you can make if you join a Komodo mining pool. All you have to do is enter the KMD currency, hash rate, power consumption and power costs and the pool fee. After that you just have to click on “calculate”.

If you want to estimate your profits from cloud mining, the only parameters you need to enter are the hash rate and the pool fee. The calculations are done based on the current difficulty and market price. They always depend on the constantly changing variables.

The output will show you the profit you are going to make in a day, week, month and a year, as well as the amount of KMD coins you are going to mine. You can also see how much the power would cost you for the same time periods. When checking your cloud mining profits, you just have to make sure that the payout outweighs the costs.

It can be very profitable for you to set up your own Komodo mining pool. You can receive both the block rewards and the fees from your miners. The more participants, the better. You will be contributing to keep the blockchain decentralized and not attractive for hackers. However, you should keep in mind that the creation of own pool will not be an easy thing to do as it takes time and requires technical knowledge.

Based on this tutorial, the minimum requirements include a VPS (this server can be also rented) with at least:

Komodo pool servers are spread mainly across Europe and the United States, and there are some located in Asia. These locations usually offer low electricity costs and fast internet connectivity, all characteristics important not for the pool itself, but for the miners. Miners will usually choose to be close to the server location because of the low latency.

Centralization of KMD mining pools

The mining power seems to be fairly distributed between Komodo mining pools. At some points in the history of the coin, there were cases where the top pools held the majority of the hashing power, creating the risk of a 51% attack. This is the case in which someone holds more than half of the hash rate and abuses it for misappropriation of the mined rewards. This is extremely dangerous for the network and I strongly advise you to join a smaller pool or create your own, so you can combat the possibility of such attack happening.

Pool Distribution (calculate by blocks)

Pool	Hashrate Share
Zpool	5%
Suprnova	5%
Miningspeed	7%
Luckpool	3%
Bitpoolmining	1%
Other pools	79%

How Komodo mining pools developed over time?

The Komodo platform launched in October 2016 is a fork of Zcash. It quickly gained popularity among miners as it offered many appealing features such as good privacy and a novel security system. The pools are pretty developed and offer different reward systems, with the most common one being the proportional. They also allow the use of VARDIFF (Variable Difficulty) which essentially fluctuates the difficulty of your shares, making your mining more efficient. There are many updates and enhances planned for the future, as the community of the coin expands, and the network develops further.