Table of Contents
Introduction
As electricity prices rise globally, many in the crypto mining community are considering purchasing and hosting Bitcoin Asics through mining companies instead of mining on their own. First Argentine Mining company is one such firm that has simplified this process by bearing all the costs and risks of purchasing an Asic. Instead, customers can simply purchase a mining NFT and earn Bitcoin monthly, making crypto mining much more accessible for individuals.
In today’s test, we will compare different mining pools to discover which is the most profitable for mining Bitcoin.
Choosing the Right Mining Pool
There are countless crypto mining pools out there, all claiming the best returns and the most profits for users mining Bitcoin. However, it’s important to perform due diligence and test out these pools before diving in.
The Experiment
For this experiment, we need several miners that are identical in every way. They should be started at the same time and allowed to run for a specific period. This comparison becomes challenging as not many people possess multiple identical Bitcoin miners. However, for this test, we have three Bitmain Antminer S19j Pros, each with a hash power of 100 Tera hash.
The three pools we are testing are:
F2Pool
A renowned mining pool that has been around for a while, it is widely used by miners globally.
NiceHash
A relatively new player in the crypto mining space, NiceHash allows users to sell unused processing power and earn in Bitcoin.
Luxor
A recent player in the crypto mining realm that has made a name for itself with its efficient OS.
It will be interesting to see which of these three pools provides the highest profits.
Test Results
After conducting the test over a seven-day period, it was surprising to discover that NiceHash won by a significant margin every single day. When considering daily averages, NiceHash mined a larger amount of Bitcoin than both Luxor and F2Pool.
Running the pools for a full week, NiceHash mined 0.0015 Bitcoins, Luxore came in second with 0.001413, while F2Pool secured a total of 0.00141- a difference of almost 7%.
What’s even more compelling is that this was not a difference of hash-rate, as all miners had similar hash-rate numbers. It appears that NiceHash, for some reason, is simply more efficient or profitable.
Additional Considerations
This was a seven-day test, and it’s expected that results may vary over a more extended period. Further tests for longer durations are warranted. Nonetheless, the initial results are intriguing and have provided some valuable insights.
Conclusion
Bitcoin mining, like many aspects of the crypto world, can be complicated and even risky. However, mining pool tests like these provide a helpful guide to miners deciding where to dedicate their hashing power. Despite the winner for this round being NiceHash, this may not hold in all scenarios, and therefore miners should periodically reevaluate their pool options.
While this test only covered a week-long period, it does provide a glimpse into the profitability of these pools, and we will continue to monitor these and more pools in the future to help make more informed decisions.
Which Bitcoin Mining Pool do you use? Which Pool would you like added to the next test?
Please use the emcd pool. This is the pool with the lowest fee (1.5%)
Hey, can you introduce me to a private miner on the internet that could mine bitcoin for me for as low as starting from $35🤔💎💰?
My 90TH machine mines 0.00023 on average daily on F2 pool
Awesome test. Would be nice to see the same test on un-mineable
Only tried F2P out of the 3 of them, and was happy, but wanted to explore them all. Tried Poolin, F2P and Braiins so far. My guess will be Nicehash as i've heard great things and was considering the switch. Thanks for the video! Exactly was I was looking for.
I'm guessing NiceHash.
FRM holders will have the power to actively participate in decision-making processes within the Ferrum ecosystem and shape the future direction of the project. The expanded role of FRM as a governance token marks a significant milestone for Ferrum, enhancing transparency, decentralization, and community involvement.
Nice hash minn most btc but it will stressed out your mining machines
Hello
Very good video.
Could you please give me the contact of an asic provider in the USA.
Also from ASIC MARKET PLACE.
I have a farm similar to yours with 18 asic in Argentina.
thank you
fredy
I like this project $FRM (FERRUM NETWORK)
Try slush pool
would u add antpool and see weather its worth to put in antpool or nicehash
F2POOL is my guess but i just got my 3rd Ant miner S9 in the mail running Briians OS on all of them running low power mode and running on their POOL.
Luxor
Soliciting for comments and dragging it for the algorithm is a big turn off…
Nice work. Nicehash will probably beat them all because people are buying the hashrate for that lottery thing they have and they're paying well above the going rate unbeknownst to them.
Why don't you use immersion cooling?it's not safier and especially quietier?nice video as always bro!❤
I look forward to the next tests!! Keep upthe good work
f2pool most likely skimming
Do you think NiceHash is good for the Bitcoin network? I honestly don’t know. But I’ve heard they can do 51% attacks. What do you think?
A better experimental design to control for silicon lottery and ASIC variability would be to have each ASIC for 7 days on a pool and then switch each miner to a different pool and mine for another 7 days and do the same a third time to have each ASIC mining for 7 days on each one of the pools. Thereafter, you can calculate the mean BTC mined per pool and per ASIC too. This way you control for intra-ASIC variability as well as inter-ASIC differences. The other factor is hashrate per ASIC. Even though all of them are rated at 100TH, my experience with several ASICs with the same hashrate rating is that there is variability and one assumption in your experiment is that ALL ASICs will be mining at the same hashrate. Good experiment to start with. Always like your content. Keep it coming.