The Top Syscoin Mining Pools You Could Join
Nowadays, pool mining is considered as the best opportunity to earn coins either for beginners or experienced miners. That’s because of the combined hash rate of miners, working together to score more as a team. You can try to mine solo as well, but it won’t bring you the same profits. It’s comparable with lottery – there’s a big reward, but a small change to win it. If you want to benefit, I suggest you sticking with Syscoin mining pool to receive partial reward but way more regularly.
Since there are many pools with similar and at the same time different characteristics, choosing a convenient one could increase and optimize your revenue. You would need an up to date information in order to find the one which suits you most. This article will lead you through the process to achieve the necessary knowledge on the best Syscoin mining pools, starting with a proper decision to fit your expectations.
1.00000000 SYS
| Total Hashrate: | N/A |
|---|---|
| Difficulty Level: | N/A |
| Block Time: | 2 min 30 sec |
Best Syscoin mining pools
While looking for a relevant Syscoin mining pool, you should watch out for the hash rate parameter. A higher rate will reflect on the velocity of your income or with other words, the frequency of your rewarding. Reliable pools offer stability and security to their miners. Another thing, it will be best to pick the nearest to you. That will reduce the internet latency and will improve your mining performance. Speed of connectivity is something every reputable mining pool needs.
Here I have prepared the best Syscoin mining pool providers as a comparison, so you can have a closer look:
| Pool Website | Market Share/Hash PWR | Server Locations | Reward System | Pool Fee | Get all Details |
|---|---|---|---|---|---|
| starpool.biz |
2 %
|
EU
|
|
0.1% |
Read Review
|
*Values are not constant.
The elements in the table are the most looked for, but there are some additional ones, which can affect your decision speaking of a SYS pool. I have elaborated this thematic in the article “How to choose the right mining pool”.
The rewarding system and pool fees are something that you need to consider as most decisive factors so far. They pretty much participate in the price splitting among each participant, accordingly. There are many systems, with differences, which you can explore in “Mining pools reward systems”.
Last but not least, one additional tip – register in several SYS mining pools. This way, if the connection with one is lost, your software will automatically jump to the next one by securing a 24/7 mining process.
Comparison of Mining pools without registration
These types of pools offer pretty much the same statistics and data performance as the ones with registration. The difference consists in the sharing of your email address. Here is a table including the best performing Syscoin mining pools without registration:
| Name | Fee | Pool Url | Worker | Password |
|---|---|---|---|---|
| starpool.biz | 0.1% | stratum+tcp://sha256.starpool.biz:3333 | Your Public Syscoin Address | -p c=SYS |
Ultimately, Syscoin is mined with ASIC machines. This fact makes the pool registration even easier. There is no need for you to download an additional program, because these devices come with preinstalled software, to directly log into its page. Once you’re there, look for the configuration section. Add the pool’s URL address, instead of creating user name. After you have opened the software and you’re on the URL’s field, copy and paste the quick start commands bellow. This way you connect to the pool, without giving your email, which is usually an object of attacks. Configurations as it follows:
Estimate your SYS pool mining profits
Before you get started, let me show you how to have an overall prediction of your future performance and profitability. You can easily achieve that using my crypto Syscoin calculator. Add the hash rate, the electricity consumption of your miner and the price for it, the electricity cost in your location per KW and the fee of the Syscoin mining pool you would like to join.
In case you are looking to explore your SYS cloud mining performance, you need to add only the pool fee and the hash rate of your mining gear. Because of the unstable nature of the crypto market and the constantly changing values, the calculator`s results are relevant only the moment of calculation.
After clicking the ‘calculate’ button, you are about to see the prediction table in front of you. It is going to show you the approximate revenue which, you can achieve for certain amount of time like: days, weeks, months even years. If you are checking your cloud mining profitability, pay attention to the details, you have a cost for your account subscription. Carefully read your cloud mining contract before you sign up. At the very end, your earnings must be more than the investment.
Create your own Syscoin mining pool
You might wonder “what if I want to create my own Syscoin mining pool?”. That will help keeping the decentralization of the blockchain and will reduce the chance of 51% attacks. What is more, when miners join your SYS pool, they will pay fees, which will be an additional reward, to the one you’re going to win from each new block. Owning a Syscoin pool is not that easy though. You will need a high level of technical skills, time and resources.
At the foundation of every pool stands the Virtual Private Server or the so-called VPS. At the very beginning you can start with minimum:
- Two core of your CPU unit
- Four GB of free RAM memory space
- About 300GB of storage space to download the coin’s blockchain
- Unlimited bandwidth usage (this is your incoming and outgoing traffic, which depends on how much users are connected to your full-node and of course the time required for block synchronization)
- Dedicated IP address should be public
If by any chance you don’t want to invest and get a hardware on your own, you can always take advantage of rented VPNs. Renting equipment could save you the struggle of maintaining it and paying electricity bills.
Location and centralization of SYS Mining Pools
I can call SysCoin the European coin, because all the providers are stationed in EU and the interest toward it stems mainly from the old continent. Starpool is based in Germany, a multi-coin pool, offering around 70 different coins to mine. Indeed, Zergpool is also a multi-coin one but with less coins.
The mining power within the SysCoin network is truly decentralized. The network isn’t likely to experience a 51% attack. This danger occurs when someone holds more than half of the hashing power and abuses it for their own profit. What is more, in case you are in a situation of this happening within the Syscoin pool you mine in, I strongly recommend you leave and join a smaller one. This way you will help distributing the mining power more fairly.
| Pool | Hashrate Share |
|---|---|
|
Starpool
|
2 % |
|
Other pools
|
98 % |
How Syscoin mining pools developed over time?
Syscoin was originally launched on 14th of August 2014 through a Bitcoin fork, providing unique services ever since. It provides simpler currency transfers altogether with decentralized marketplace ecosystem, which boosted pools’ work. SYS network allows you to create tokens of your own, which could be used for crowdfunding purposes or simply as a reward or “loyalty points” for the users. There are 2 types of tokens – divisible (hourly services or commodities) and non-divisible (physical items or bars of gold).
Syscoin is looking to meet the specification of DIF (Decentralized Identity Foundation) which could be used by regulators like KYC (Know Your Customer) and AML (Anti Money Laundering) to improve customer experience. To have more transparency you can add an avatar or links to social networks into your profile.
The so-called Block-market is fully functional and easily accessible from each point of the world. You just need to download “the block market desktop wallet “, which was released September last year. This market place gives the opportunity to open an online store, same as Amazon or eBay traders and sell or purchase goods with coins with close to zero transaction time and fees.