SmartCash Mining Pools Review
When it comes to mining SmartCash or any other crypto for that matter, mining solo will allow you to occasionally receive large sums for solving a block. However, considering how low the chance is of that happening, I recommend you join a SMART mining pool as it optimizes your chances of success and makes the process much more profitable. In other words, the hash power needed for a new block to be found determines the time for that. The best option for you will be combining efforts in the pooled mining process.
One small reminder, pools charge fees, which are justified when you think about it. When becoming a member you guarantee regular incomes. Isn’t that the point? This article will give you all the necessary information to do so, while also providing you with a calculator to estimate your potential revenue.
1.00000000 SMART
| Total Hashrate: | N/A |
|---|---|
| Difficulty Level: | N/A |
Best SmartCash Mining Pools
All cryptocurrencies have at least two pools to choose from. If you are new to mining, the best thing to look for in a pool is the hash rate. It will show you how much calculative power it has, compared to the competition. Here you can see the official SmartCash mining pool with its market share, server locations, reward system and fee:
| Pool Website | Market Share/Hash PWR* | Server Locations | Reward System | Pool Fee | Get all Details |
|---|---|---|---|---|---|
| smartcash.cc |
98 %
|
USA
Asia
EU
|
|
0% |
Read Review
|
Usually, when looking for a pool you also need to consider the location of the server. The closer it is to you, the lower your latency will be, when reporting your mining progress. There are several other factors to keep in mind when choosing the best option on the market. I’ve covered all the necessary stops and the different types of reward systems.
List of Mining Pools Without Registration
What is registration actually? Can you get along without it? Basically, in the mining pools area, you need a few things in order to point the rewards to your direction – username, password, email, workers and wallet address. So, in essence, the registration part only determines the place you log in from. Now, imagine you are skeptic about the security levels of the SMART mining pool you chose to join. No registration means you’ll be entering the pool’s URL directly on your end, without having to register.
There are some pools that offer this option and are easy to join. The official SmartCash mining pool is not only free of charge, but also does not require registration. Considering you’re invested in mining SMART, I assume you have the proper GPU rig and up to date software for it. Having that in mind, the next step would be for you to copy/paste the quick start configurations I have prepared for you:
| Name | Fee | Pool Url | Worker | Password |
|---|---|---|---|---|
|
smartcash.cc
|
0% | eu-mine.smartcash.cc:3008eu-mine.Smartcash.cc:3032eu-mine.Smartcash.cc:3256eu-mine.Smartcash.cc:3333 | Your Public Smartcash Address | Any |
How to Calculate Profits from SMART Mining Pool
You can use this calculator here to estimate how much your profit from joining a SmartCash mining pool will be. To receive an estimate, fill out the empty spaces with necessary data. Required figures are your hash rate, power consumption, electricity cost, and pool fee. When done just click “calculate”. You can also determine your cloud mining profits by just entering the hash rate and pool fee. The estimations are based on the current difficulty and the market price. Note that, they depend highly on the constantly changing variables.
The output is easy to understand as well. You can see your daily, weekly, monthly or yearly profits and what you will also notice, is the power consumption cost for each time period.
How to Setup Your Own SmartCash Mining Pool
Setting up a Smartcash mining pool by yourself can be a very profitable task. You not only receive the block rewards, but you also collect fees from your members. It also helps with the decentralization of the mining power. This is a good way to protect the network from 51% attacks. However nice that sounds, you should keep in mind that it won’t be an easy undertaking. You will need to set aside time to expand your knowledge base to be successful. Here I will provide you with an explanation of how to set up a pool by yourself.
Based on this guide you will need a VPS (Virtual Private Server – which can be rented as well) with at least:
- Dual Core CPU
- 4GB of RAM
- 300GB of hard disk space to house the blockchain for this coin
- Unlimited bandwidth usage incoming and outgoing traffic depends on how much users are connected to your pool
- Dedicated public IP address for guaranteed uptime we recommend a VPS
In case you decide to rent it, instead of going with the constant learning and hardware upgrades, you will be asked to configure the pool’s software and that’s it. You are good to go.
Locations and Distribution of the SmartCash Pools
It is believed that SmartCash was created by Australians. However, it is very popular in Venezuela. The official Smartcash mining pool has three servers, each of them situated in different geos – United States, Europe and Asia. These locations are the where most miners mine usually, perhaps because of the low electricity costs and the fast internet connectivity.
| Pool | Hashrate Share |
|---|---|
|
smartcash.cc
|
98% |
|
Other pools
|
2% |
Evolution of SmartCash Mining Pools
SmartCash started in 2017 as a self-funded currency with the aim to run a decentralized network in which everyone in the community can take part in and have control over the governance process. The only official pool uses the block rewards to fund all of the projects and to encourage community development. Their new goals for 2018 are to develop new features such as Instant pay, Smart card, new upgrades, etc.