![]() ![]() So while converting input the right metric and do not confuse it with other algorithm as you totally get different speeds on them. Whereas Zcash uses Equihash algorithm and its difficult is measured in Sol/s (Solutions per second). For example Ethereum uses Ethash algorithm ( a modified version of Dagger-Hashimoto) and its difficulty is measured in Hashes. Note: The hashing algorithm used by each and every coin varies and so the hashrate is. It is just an example to give a basic idea of this tool. You can convert hashrate of the mining pool and compare it with the results shown in block explorer. Higher the hashrate the quicker you’ll be able to solve a block. You can use the above tool to convert and compare your hash power with the overall network hashrate. So why convert?įor instance lets say you have an ASIC miner which is capable of delivering 14 TH/s. ![]() To convert this value in to TeraHash or PetaHash or GigaHash you can use this tool. To use this calculator just input your mining hardware hashing power and it will automatically convert to all other units.įor example the current network hashrate of Bitcoin is 140 EH/s (Exa hashes per second). With this simple hashrate calculator you can convert Hash to KiloHash to MegaHash to GigaHash to TeraHash to PetaHash to ExaHash to ZettaHash and vice versa. Moreover, perhaps miners would choose to protect their income and leave the pool.Got your shiny new ASIC miner or just setup a new GPU mining rig? You might be looking for a way to convert your hashpower from one unit to another. It would take a great number of miners to gather the power to overthrow the network, so it’s highly unlikely for this to happen. A case of 51% attack (an interference with the mining process by someone who controls more than 50% of the mining hash rate and hypothetically earning all the rewards) could prove to be very damaging to any network. Therefore, all different miners receive their own direct payments. However, in reality, mining pools do not use one single big machine to mine and actually use the power of many different independent nodes (i.e. This would suggest that the mining power is rather centralized. Furthermore, the top three pools mine more than 50% of all blocks. When you look at the distribution of the best Ethereum mining pools you can see that the top five pools mine more than 80% of the Ether blocks. A pool itself does not require cheap electricity, however, due to the need of low latency, the ETH mining pools are often close to the mining hot spots. At the moment, you are more likely to find easier such hardware in China, USA, Japan and the European union, places that have a large number of electronic companies and better internet connectivity speed. Mining ETH, as well as mining any other cryptocurrency, would require powerful hardware and cheap electricity in order for it to be profitable. You need to check if you are visible for the mining pool, so you can participate in the mining and get rewarded. This way, your rigs will be indirectly connected to the pool. Simply copy and paste the data from our article to the ETH “mining pool URL” field in your gear setup software. After you have downloaded the GPU software (Ethminer, Wineth), run it and use the easy quickstart configurations for each pool. Ethereum is mined with GPUs as it’s the most efficient miner for the coin’s algorithm. If you’re still not sure how to join a pool without registration, here are the steps you need to follow. I’ll explain more, but first, here are some suggestions for free-of-registration Ether mining pools as well as the necessary data for you to join them immediately: Optionally, if you don’t wish to provide an email address given any reason, you can just choose a pool that does not require a registration. This is what’s interesting about mining pools. Check the mining pools reward system guide for more information about the differences in the reward systems. Ideally, you would choose the pool with the most stable and frequent income and the lowest fees. You can test this by checking how high your ping is to the mining pool’s IP address.Īlso, take some time to consider the payoff you are going to get. The closer your mining rig is to the server, the lower the latency would be. If you are wondering how to choose the right mining pool, I would recommend you choose a pool that has a server near you. The hash rate of the pools is important for a stable income – the higher the hash rate, the more likely it is for your pool to solve a block, so all users can receive a reward. There are several factors you would need to look out for. ![]()
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