Nanopool and Ethpool are both well-established mining pools that cater for the cryptocurrency Ethereum. Mining pools are a popular way for miners of cryptocurrencies to combine their resources and increase the number of blocks solved and their chances of generating profits.
In this article we’ll consider Nanopool vs. Ethpool.
Although Nanopool and Ethpool are both popular pools there are some substantial differences between the two and understanding these differences can assist a a miner in choosing a pool that meets his needs and can help him achieve his desired outcome from mining.
Recall, there is a large and growing number of pools available, so check out our previous post on the top ETH mining pools, and on PPS+ vs PPLNS payment methods to make sure that you’re fully up to speed on what’s happening in this space.
Nanopool vs Ethpool
Nanopool, found at https://nanopool.org, allows miners to choose from seven different currencies to mine (Ethereum, Ethereum Classic, Siacoin, Zcash, Monero, Pascal and Electoneum). The interface on the landing page is easy to navigate and gives high-level information regarding each of the cryptocurrencies available.
Ethpool, http://ethpool.org, offers miners the option of Ethereum as a choice of currency only. As we will be looking at the difference between Nanopool and Ethpool, we will focus on what Nanopool offers for Ethereum miners only.
Ethpool calculates earnings on a unique basis that can lead to rewards three times larger than other mining pools. When a miner submits a share, their credit will increased by the difficulty of the share.
The miner with the most credits will win the next mined block and his credit reset to the current credits less the number of credit of the miner who came “second”. Uncles are also paid on top of full block rewards.
Ethpool’s fee rate is 1% and rewards are paid out immediately after 10 confirmations.
We’ve looked in more detail at the Ethpool payout scheme in this article.
Nanopool uses a more traditional PPLNS (Pay per last N Shares) payout scheme to calculate rewards. This means that miners get paid based on the number shares the pool finds and has an element of luck with regards to the outcome. The fee for belonging to Nanopool is 1% and payouts happen several times a day (with a minimum payout of 0.2 ETH.
Does Nanopool pay uncles?
One question that people often as is “does Nanopool pay uncles?” Although the Nanopool site does not specifically mention the payment of uncles in their support blogs or payment breakdowns, various forums confirm that Uncles are paid by Nanopool. i.e. here.
Nanopool has approximately 85,500 active miners and more than 232,000 workers active in the pool at any given time. The average hashrate is 32,332.1 Gh/s and about 850 blocks are mined every 24 hours.
Ethpool is smaller with about 1040 active miners and approximately 14,000 active workers. Approximately 96 blocks are mined over a 24 hour period and the average hashrate is 2.7 th/s.
Nanopool is easy to navigate and give’s detailed pool activity statistics at any given time. Clear and simple to follow instructions are available for first time miners to assist them to join the pool can be found under the FAQ section, including a section on the hardware required to mine Ethereum. The API is free and runs on CORs and the site includes download links for the preferred clients.
Ethpool offers excellent support to miners, including full stratum support and warnings for invalid shares. Detailed statistics per miner and worker are available.
Final Thoughts: Nanopool vs. Ethpool
When choosing a mining pool to join, it is important calculate in advance what you can expect to earn and then understand how the different payout methods can impact this. There are many sites available on the internet with calculators.
Some of the payment methods and pools benefit long time miners that stay with one pool and some benefit miners that jump from pool to pool. You may also wish to mine different cryotocurrencies, but stay with a single pool, where multi-currency pools such as Nanopool have an advantage, or focus on a currency and stay with a pool that over time will show you steady growth, such as Ethpool.