In this Article Let’s know more about HiveOn pool and Ethermine, And the major difference between both Cryptocurrency mining Pools.
Page Contents
About Hive On Pool ETH Mining pool:
Hiveon Pool is a cryptocurrency mining pool where users can mine Ethereum. It is developed by the owners of Hive. Currently, the pool only supports the mining of just two cryptocurrencies using the Ethash algorithm which are Ethereum and Ethereum Classic.
The pool enables its users to earn more profit while mining Ethereum as it charges a 0% fee for its pool costs and 0% transaction fees from its users.
Hiveon Pool works on the Pay Per Share Plus (PPS+) payout method, which is a mixture of the traditional Pay Per Share (PPS) and Pay Per Last N Share (PPLNS) methods. This means that users can get paid for each valid share they send to the pool irrespective of the time they joined the pool.
The pool pays its users 50% for stale shares that are not above 5%. Payouts cannot be made when stale shares are above 5%, and the user’s wallet is blacklisted till further notice.
Daily payouts are offered to HiveOn users with a minimum payout of 0.1 ETH.
Users who use the Hive OS management and monitoring system can pay for Hive OS services availed through Hiveon Pool which includes a mining pool commission of 3%.
Hiveon Pool runs an Hiveon ASIC firmware that is powered, by MSKMINER. Using this service, miners are provided with manual and automatic settings that enable them to get additional hash rates from their hardware, protection from viruses and malware, and access to Hive OS-exclusive features.
HiveOn works on servers, the users need to select the server closest to their location and the mine, the servers are located all over the world including North America, Asia, and Europe to make mining more efficient all across the globe.
Pros and Cons of HiveOn Pool mining pool
Pros:
- HiveOn provides users with a well-explained tutorial on how to start mining on the HiveOn pool using Hive OS or Windows.
- It pays users up to 50% for stale shares that is not above 5%.
- It offers a 24/7 support staff service to help you with any query.
- It has a membership program that enables users to earn more profits.
Cons:
- This is a new pool in town, hence not famous among miners.
- It only allows the mining of two cryptocurrencies that is Ethereum (ETH) and Ethereum Classic (ETC).
About Ethermine ETH Mining Pool:
Ethermine mining pool is an Austria-based Ethereum mining pool. The pool was founded by Bitfy crypto mining company.
Ethermine mining pool provides a quarter of the hash rate used for the mining of Ethereum. Ethermine mining pool is the world’s most widely used Ethereum mining pool platform. It is well-known for its feature-rich and safe mining platform.
The pool offers users a Pay Per Last N Share (PPLNS) payout system, this is to accommodate those who enjoy the pool for solo mining.
The longer a miner remains or continues mining within this platform, the better he gets the opportunity.
Ethermine pool has servers located in Asia, America, the United States of America, and Europe.
Ethermine pool charges a 1% average fee using the Pay Per Last N Share (PPLNS) mining system.
The minimum payout of the Ethermine pool is 0.05 ETH.
The Ethermine.org mining pool has provided users with the L2 Polygon payout options, which utilize the polygon network. This polygon payout gives convenience to both small and large miners by the option to have convenient and fast access to the Layer 2 polygon Network.
Ethermine pool is one of the most reliable, trusted, and secure mining pools that offers many features and affordable fees.
Pros and Cons of Ethermine mining pool
Pros:
- It offers anonymous mining. That means the names of the miners are not revealed.
- They provide accurate hash rate reporting to all their users.
- They have a real-time PPLNS (Pay Per Last N Share) payout system that’s more convenient.
- Offers a low 1% commission fee.
- They provide an instant payout mechanism.
- Ethermine pool pays for all mining rewards.
- They have their mining servers located in Asia, Europe, and the United States of America, thereby covering all the miners all across the globe.
- The Ethermine pool provides full stratum support.
- They have a customized minimum payout mechanism.
- They have their app on Google Play Store and Apple App Store.
- The pool enables miners access to their balance in the account.
- It is very secure. Thus, allowing you to mine securely.
- Users can enjoy daily mining statistics.
- The user does not reflect on the block.
- All payments over Ethermine are processed instantly.
- It supports English, German, and Spanish languages making it more convenient for non-native English speakers.
- Have an active community over Telegram and Discord.
Cons:
- The Ethermine pool has limited-time access per internet IP.
- Ethermine does not offer multiple mining systems.
- Ethermine doesn’t support merged mining.
HiveOn Pool Vs Ethermine ETH mining Pool
- Supported tokens
Ethermine supports BTC, Ethereum Classic, Monero, DASH, Zcash, Litecoin, and a few other tokens in addition to Ethereum. Whereas on HiveOn users can only mine 2 types of tokens including Ethereum and Ethereum Classic.
- Withdrawal fees
Withdrawal fees on Ethermine are high, and on HiveOn the withdrawal fees are free of charge.
- Popularity
Ethermine is the largest pool in the world. And, HiveOn Pool is the third largest pool in the world.
- Minimum withdrawal
Minimum withdrawal fee on HiveOn is 0.1 ETH and over Ethermine is 0.01 which is lesser as compared to HiveOn. The withdrawal process is complex over Ethermine.
- Integrations
Ethermine offers the integration of Ethereum, Flypool, and Ethpool. Whereas, HiveOn offers integrations for Hive OS and Ethereum.
- Extra benefits
Ethermine offers high earnings but is not recommended for small miners. HiveOn Pool offers free access to Hive OS and allows automatic withdrawals.
In conclusion, both HiveOn pool and Ethermine offer various features and benefits while using their services. If you want to mine Ethereum you can select HiveOn but if you want to mine any other token then Ethermine will be a great idea. Ethermine is by far the most trusted and secured pool and HiveOn is still new. However, the miner should understand the benefits of each platform and then select what suits them the best.
