It is not an easy task to find the best Electroneum mining pool. That’s a fact, and most of us know it. However, there are some things that you can take into consideration to find the best Electroneum pool.
In the next sections, we will share with you all the necessary information you should have to find the best Electroneum pool. This includes understanding what Eelectroneum (ETN) is, what is crypto mining, the advantages of ETN mining and also an Electroneum mining pool list.
What is Electroneum?
Electroneum is a cryptocurrency and blockchain network that claims to be created for the world’s unbanked. According to their official site, Electroneum is a unique and award-winning project that aims at empowering people.
They can do so by offering the necessary tools people need to earn a living from the digital economy. At the same time, Electroneum is providing a wide range of services, including AnyTask, cryptocurrency mining and more.
The main goal is to offer financial services to unbanked people. All around the world, there are communities without access to banking solutions. Financial services are only available to a small part of the population. However, Electroneum considers it is possible to change that.
By using the AnyTask.com service, freelancers can easily sell their services for free and without costs. This is a great way to get rewarded for small tasks and freelancer jobs. Users get paid in ETN tokens. The larger the marketplace, the larger the possibilities of growth for the ETN cryptocurrency.
Another platform is the ETNDonate.com. Through it, a wide range of charities is able to receive international donations using the ETN digital asset. Everything without additional costs.
Due to the increased demand for ETN for payments, several users are mining ETN. This is one of the reasons why we are sharing the best Electroneum mining pools available in the market. But before, let’s have a clear idea of what cryptocurrency mining is all about.
What is Cryptocurrency Mining?
Cryptocurrency mining is one of the ways to engage in a cryptocurrency network. Users provide mining power to process transactions and earn rewards for their work. The Bitcoin (BTC) network, allows Bitcoin miners to use ASIC hardware to process transactions.
ASIC miners are very powerful, but also expensive, mining devices. During the early days of Bitcoin, users could mine BTC using CPU or GPU power. Nowadays, that’s almost impossible.
However, other virtual currencies were released to the market. Some of them allowed users to mine using a GPU or a CPU. Electroneum is one of them. This is why users can start mining ETN using a smartphone or a computer.
Electroneum mining can be very simple and easy. Moreover, we should also select the best Electroneum mining pool that would allow us to take advantage of a larger network of miners. The team behind this cryptocurrency wanted to create an easy way for users to get access to cryptocurrencies.
This is very different to Bitcoin, which is nowadays very difficult to mine at home. By creating an ASIC-resistant digital asset, users can easily start mining Electroneum using even a smartphone. That’s going to be very easy for individuals that want to get access to the crypto market in just a few clicks.
Advantages of Electroneum Mining
There are different advantages of Electroneum mining. This section will be dedicated to these advantages. The first thing we need to know is that the ETN virtual currency is a fungible token. While Bitcoin or Litecoin (LTC) are not fungible tokens (meaning they can be traced), ETN offers better privacy to users.
In this way, users can easily send and receive ETN without being worried about being excluded from the Electroneum community. That means that nobody could reject your coins. They are as valuable as any other ETN in the market. For the Bitcoin network, instead, newly mined BTC are clean from illicit activities or any other transaction.
Easy to Use
Another benefit of Electroneum mining is related to how easy it is to start mining. Users can start mining in just minutes. They do not need any other device. Compared to Bitcoin, this is certainly an advantage.
By using a smartphone or a computer, they can already get rewarded for participating in the network. However, finding the best Electroneum mining pool is also a thing that we need to know.
Multiple Use Cases
Moreover, users that get rewarded with ETN tokens can easily spend them or use them. For example, as we mentioned before, they can be used to participate in the AnyTask.com service or ETNDonate.com.
These two platforms are already active and integrated into the Electroneum cryptocurrency. In addition to it, ETN coins can be traded in a wide range of exchanges in the crypto market. In this way, the whole ETN community can enjoy the benefits of ETN mining.
Advantages of Electroneum Mining Summary
- Easy to use
- Not difficult to mine (you can do so with a smartphone)
- It allows vulnerable populations to participate in the network
- Not expensive hardware required
- ETN tokens are fungible
- There are several use cases for the ETN digital asset
There are many other benefits that might not be listed here. However, participating in the crypto market is ane exciting thing to do. In the future, the whole Electroneum community could continue growing and become a more prominent project in this industry.
Best Electroneum Mining Pool List
Let’s get into the best Electroneum mining pool list. As you might already know, in order to increase our mining performance, it is possible to mine with other people using a mining pool.
What is a Mining Pool?
A mining pool is a group of crypto miners that work together (using their hardware equipment) to increase their rewards in Proof-of-Work (PoW) blockchain networks. Electroneum, Bitcoin and Litecoin are cryptocurrencies that can be mined using a mining pool.
If the mining pool finds a block with transactions it will be rewarded. The larger the mining power, the higher the chances are this mining pool will find a block. The rewards received by the mining pool are then distributed to the miners according to the mining power provided.
Electroneum Mining Pool List
There are different mining pools for the ETN digital asset. The goal is to find the best Electroneum mining pool available right now. However, this is subjective. You will find some mining pools that are better than others. Everything will depend on your needs. This is why you should do the necessary research on the best Electroneum mining pool.
One of the best ways to discover some of the best Electroneum mining pool is by using MiningPoolsList. The site provides valuable information about the pools users can use to earn ETN rewards.
Take into consideration that mining pools have fees. Most of the companies offering mining services right now are charging between 1% and 3% fees. Furthermore, not all the mining pools are located close to you. This is why you should take into consideration the location of the servers of each mining pool company.
In addition to it, users can use mining pools if they don’t have knowledge of how to do solo mining. Moreover, they will get larger rewards by working in a group performing solo-mining activities.
Poolin is the first mining pool we are going to add to this list. This is one of the largest Electroneum mining pools in the market. Users can start working with it and earning rewards with their ETN tokens by just participating in the Electroneum network.
This company is based in China and allows users to mine ETN for a 2% fee on earnings. Furthermore, Poolin is usually sharing with users some mining promotions that users can follow. For example, every few months, they offer zero-free mining for some digital assets.
This platform is also requiring users to create an account in order for them to start mining ETN. At the same time, they are offering users with the possibility to mine other digital currencies. This is a positive thing for many crypto enthusiasts that want to have access to the crypto market.
F2Pool is one of the best Electroneum Mining pool available in the market. This pool was one of the largest in terms of hash-rate and it allowed users to get access to the ETN network. Furthermore, they were also charging a fee of 3% for users’ earnings.
In addition to it, if you want to use F2Pool, you will have to register yourself on their platform. This is strictly necessary if you want to mine ETN. One of the advantages of this company is related to a large number of coins users can currently mine. Additionally, the company claims to be one of the few geographically distributed mining pools in the world.
ThorsHammer Mining Pool
ThorsHammer Mining pool can also be considered one of the best Electroneum mining pool available in the market. This platform is one of the favourites of the ETN community and it can be used in just a few simple steps.
Those users that want to mine using this pool can already do it and earn ETN rewards. According to their official site, they are doing 24 hours payment, which is already enabled to users. Some other pools can wait some days before they process payments for users.
Finally, this mining pool has a Telegram group. The team behind this platform will be ready to help you and offer you with the necessary solutions to your issues. If you have doubts, the Electroneum community is ready to always help.
Other Electroneum Pools
The pool you choose is going to have an impact on your rewards. Everything will depend on the performance it has, the number of users mining at the same time (hash-rate) and more. There are many other pools available in the market, however, most of them are not offering support to ETN.
Indeed, it is certainly important to always check whether ETN is available for mining or not. In the future, new features could be added to the cryptocurrency. This could eventually increase or decrease the rewards users could receive by using their smartphones to mine.
Mining Electroneum with Smartphone
Rather than joining an Electroneum GPU Mining Pool, you can also use your smartphone. This would allow you to get access to the Electroneum network and start participating in it.
In order to start Electroneum mining with Smartphone, you would have to download an application on your mobile phone. This is going to be the first step of the whole mining process. You can then log in to the app and set up the whole information requested by the application.
There are no other things you should do. Indeed, you just now need to start mining. To do so, you should go to the “Miner” section and start mining your ETN tokens. This is perhaps the best way to start earning ETN tokens rather than joining an Electroneum Mining Pool.
Take into consideration that users can mine as much as $3 USD worth of ETN per month. Although this is not a lot, it can be very helpful for those users that do not have access to financial services or that are working for the minimum salary in their countries.
As we have explained before, users can then spend these funds on different platforms, including on AnyTask or ETNDonate. Thus, an increase of $3 per month could be very useful to users. It can make the difference for many individuals that might have it complicated to get food at the end of the month.
With these solutions, Electroneum users could get access to one of the fastest-growing digital assets in the market. The team behind Electroneum is working in order to offer more services to clients all over the world. Finally, ETN mining could be the first experience many users have with the crypto market. Everything can be set up in a fast and easy way.