Bitcoin Mining reward too low in your Bitcoin Mining either hashflare or in your Antminer? Read more to know how I am earning more than the predictions of coinwarz for the best mining pool setting.
If you are in the crypto world of mining a coin, then you must know which mining pool is the best and how should you set the mining pool allocations. If your setting is not the optimum then, you may be getting lower payouts or less than what you can get. In this post, I will show how to set best mining pool setting strategy to get the maximum payout using the Hashflare cloud mining service.
For those who don’t know, hashflare is a cloud mining site and it allows to change the hashpower to change pools once a day. They allow up to three pools: Antpool, slushpool and bw.com. You can adjust the three pools according to your want.
Coinwarz mining profitability:
Coinwarz is a site that allows you estimate or calculate the mining revenue of bitcoin and other crypto-coins. Let’s check the average daily rewards of 1000GH/s. It gives around 0.00013021BTC based on the current price and difficulties without fees as shown in the picture below:
But some of you might be earning far less than as it is shown above. This is the same case for me in the beginning. I spent quite a time to figure out the allocation for the right combination. The mystery lies behind the slush pool. Slush pool is the best pool in terms of mining rewards because of their unique policy. Other pools only reward the 12.5BTC the pool got from the mining. But in real conditions, fee apart from the original 12.5 rewards, there are fees for the transactions and all the fees are rewarded to the pool too. However, most pools keep the transaction fees in their pocket wallet. But, slushpool distributes the transaction fees as well.
Best Bitcoin Mining Pool Setting Strategy:
By this time you might already be thinking to keep the mining pool allocation as slushpool 100%. Not quite like that, because slushpool is not the largest pool in the whole mining network. The first step is to look the whole share of each pool in the whole BTC network by following this link here. As of today, below is the hashrate distribution:
You can see BTC.com, BTC.TOP and Antpool have the highest share. So, keeping your hashrate to only Slushpool (100%) than you will be missing a chunk of BTC reward from other major shareholders. So, hashflare allows you to allocate up to three pools but I use only two pools Slushpools and Antpool. You should choose slushpool two times of the other two combined together. This is because of the fact that the slushpool is not the largest pool and you should allocate hashpower for other large pool also. Take a look at my allocation and earnings below:
I hope that I helped you all today to increase your mining profitability. Check out other links below to know more about Bitcoin mining and bitcoin: