Ubiq Mining Pools: Ultimate Guide

This section is going to share some insight into the vital steps of choosing the best Ubiq mining pool and provide you with the means to maximize your profit. There are several parameters, that are good to be taken into consideration.

Perhaps the easiest way to choose a top-notch Ubiq pool, would be to look at the hash rate. The ones with higher amounts are essentially more efficient at solving new blocks and they do it much faster. Bigger ones provide steadier income. Nevertheless, the stability and security come with fees. Do keep in mind that the price you pay is just a drop in the ocean, compared to the earnings you will get. I have prepared a table, showing you the best UBQ mining pools.

There is one more step, that I want to draw your attention to. Choosing a second or even a third backup UBQ mining pool assures 24/7 mining process. Why? If the first one experiences malfunction or any other kind of delay in the working process, your software automatically moves to the next one in line.

These are the most important factors to consider. There are some more, but we’ve covered everything crucial here. If you’d like to learn more and get in-depth with the different reward systems, we’ve got you covered with the dedicated page.

List of Mining Pools Without Registration

No registration doesn’t necessarily mean no detailed statistics. However, keeping track of your miners’ performance is a bit more difficult. You can visit the pool’s page and remotely check how you’re doing, but only if you have your wallet address handy. Otherwise, there’s not much difference between this type and others – server locations, reward systems and fees are similar. You’ll find the top 3 UBIQ mining pools without registration in the table below:

The joining process consists a few easy steps. You will have to establish worker names and enter your wallet address, but you will be doing so in the software installed for your devices, not in the pool’s web page. The only thing you need from there, is the URL address and port. Ubiq is mined using GPUs, so you’ll have to install an additional program on your rig. Download the latest version, run it and enter these quick start configurations for the respective server, which you can copy/paste to ensure accuracy.

Here you can find my calculator that is simple and easy to use. If you want to estimate your Ubiq mining pool profits you just need to enter in the empty spaces your currency, hash rate, power consumption, electricity costs and pool fee. Click “calculate” and you’re done.

You can also estimate your cloud mining profits. This is even simpler, as you just need to enter the hash rate and the pool fee.

Calculations here are based on the current difficulty and the coin market price. As such, they vary on a day-to-day basis, which is why all results are only estimates.

The output can also be adjusted to show your daily, weekly, monthly and yearly profit. You will see the electricity costs and the number of coins, mined for each time period. For Ubiq cloud mining you just need to check that the profits you are earning are higher than the costs you are paying.

Setting up your own Ubiq mining pool can bring your earnings to a higher level. You will be distributing the block reward, as well as earn fees from your miners. This will also benefit the decentralization of the hashing power and help with preventing 51% attacks (when power is controlled by one mining force – person or organization). You should keep in mind one more thing – the process of setting it up is not easy and will require some technical knowledge and investing. In the video below, you can see an in-depth guide on how to do it yourself:

The good thing about online services is, that they can be rented. The same rule applies to the VPS as well. In case constantly digging for information on every detail and investing is not something you want to do, just rent the server and deal only with its software installation.

The top locations for Ubiq mining pools are the United States, Canada, Germany, France and Russia. The locations of their servers have to do with the inexpensive electricity costs, as hosting uses a lot of power and needs fast internet and data transfer. Most miners choose pools near them to make sure they have low latency.

About UBQ Mining Pool Centralization

There have been cases of the top Ubiq mining pool holding more than 50% of the mining power. This is dangerous event, as it enables the possibility for a 51% attack, in which someone who has the majority of the mining power, can overthrow the network and keep the profits. This usually does not happen, as an attack like that would compromise the profits of all miners. However, one of the efficient ways to combat that, would be to join a smaller pool so you can help distribute.

Pool Distribution (calculate by blocks)

Pool	Hashrate Share
Ubiqpool	61%
Hodlpool	10%
Minerpool	8%
Maxhash	7%
MyPool	4.26%
Other pools	8%

Evolution of Ubiq Mining Pools

Ubiq was created as an improvement of the Ethereum code, using the same safe proof-of-work algorithm. The network was launched in January 2017 and quickly has developed to a fairly good level. You can check out the main features and benefits of the pools on their official websites. The network continues to develop to this day and even you can contribute by submitting a proposal to the community.