The Top MonaCoin Mining Pools You Could Join

Looking for the most optimal choice? Here comes the role of the pool’s hash rate. This criteria is going to show you how efficient the MONA pool actually is. The higher the hash rate is, it should be considered as a better indicator of a fast-performing process. Speed is a synonym of effectiveness, this is why I have prepared list for you, consisting a comparison of the best Monacoin mining pools, based on the particular characteristic – their hash rate. The key parameters to keep on mind are market shares, server locations, rewarding systems and of course, fees.

There are several other factors which can make you pick a certain pool, so you might want to consider it. Check out my detailed data in the dedicated article “How to choose the right mining pool”. Furthermore, you should be aware about the different rewarding systems as well. They are thought as a crucial factor when distributing the earnings from each new-found block. To make it easier for you, I have created a specialized “Mining pools rewarding systems” article. When thinking of a MONA mining pool to join, I recommend that you pick more than one, in order to switch to the next in line, in case your first option is down. Be cautious and ensure a 24/7 work for your miners.

Comparison of Mining pools without registration

As a matter of fact, registration requires you to share your email address, create an account with user name and password, but to put it differently there are MONA pools offering a statistic information about your miners, without the need to sign in. They are faster to access, and you need only your wallet address. This makes them safer when it comes to hacking emails. If you’re wondering how to proceed, I will explain it in the next few lines. If you’re a freshman, check my list with the best MonaCoin mining pools in comparison:

The joining process is easy to perform. These pools operate on GPUs for more efficiency, just like MONA is mined with such graphic cards. All you need to do is download the software, run it and enter the quick start configuration of the Monacoin mining pool you have chosen.

You can use my calculator tool to see how much profit you are going to experience by joining a Monacoin mining pool. This software gadget is very simple to use. You need to enter the pool’s fee, the particular currency, a hash rate, the power consumption and a power cost. When everything if properly filled in, click the “calculate” button.

It’s even easier to estimate MONA cloud mining profits. All you need to enter is your hash rate and the pool fee. Calculations are based on the current difficulty and market price of the coin, so they highly depend on a constantly changing variables.

The output will show you an estimated daily, weekly, monthly and yearly profits. You can also verify the number of coins you are going to mine and the power cost for the same time periods. When looking at your cloud mining output, you need to make sure the profits outweigh the costs.

Setting up your own MonaCoin mining pool can bring lots of profits. How does this happen? You’re going to earn not only your mining reward, but also collect come fee from your miners. Thus, I can apply the simple rule – the more miners there are, the more fees you’re about to win. This is also helping the decentralization process of the hashing power within the network. However, keep on mind this isn’t an easy task, so it’s going to require an investment of time, money and technical know-how.

Recognizing Monacoin as a Japanese cryptocurrency, I respectively observe that most of the pool servers are situated in Japan. However, there are several servers all over the world – in Europe, Asia or USA. I examine some of the locations are strategic, having on mind that most of it are close to low electricity cost places with fast internet connectivity. Sounds as a well-thought-out plan, isn’t it?

Centralization of MONA mining pools

The mining power within the MonaCoin blockchain is fairly decentralized. The top pool is holding around 30% of the mining power at the moment, which is considered as safely amount. If there’s a pool, possessing more than 51% of the hashing power, I may think of a network attack for the purpose of abusing to gain profits. This is a serious situation, however it is not that likely to happen in the Monacoin case, as it would take too many miners to turn malicious in order to overthrow the network. Nevertheless, I strongly advise you to change a pool if you see a chance of such an attack occuring, and to join a smaller one to help with the distribution of mining power.

Pool Distribution (calculated by blocks)

Pool	Hashrate Share
Miningpoolhub	35%
Vippool	7%
Suprnova	5%
Lapool	2%
Coinfoundry	1%
Other pools	50%

How MonaCoin mining pools developed over time?

MonaCoin is a cryptocurrency established on January 1, 2014. It was created in Japan as a result of the Litecoin network fork. The coin quickly took off and for a period rose to the top 20 cryptocurrencies. It is believed to be the first Japanese crypto project. The MonaCoin pools are developing alongside the coin. They offer different payment methods to accommodate all miners and have interesting features. They also allow the use of VARDIFF (Variable Difficulty), which essentially fluctuates the difficulty of your shares to make the mining process more effective. The coin continues to develop and update its network to favorize the user experience.