NanoPool - Hash mining in a nano group

By CryptoJay | CyptoFreedom | 3 May 2020


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I was searching the web about Crypto mining and i came across https://nanopool.org/ So I gave it a try to see what it is all about. so I mined and watched the results and I would share what I got.

So NanoPool supports major Currency's and gives you a easy start it offers mining via Software which is good for the average beginner to utilize his Hardware while he can still use it, so it is good and easy to use but overall it has some high payout policy's so you would need let your gear run for a while before getting the first pool payout.

 

Ok looking in my Gear, I own decent PC with a Nvidea 1070 TI and i let it run for more than a day but i did not make it to a payout in one Day which made it a little disappointing. However the higher payout rate supports continuity, which is the enemy of the pool hoppers which will follow the herd for  HIGH pool hash rate.

 

so here the result of the hashing:

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The results where marginal with a ROI of about 30/40 Cents a day so I managed to achieve around 1.10 EUR in 4 days on and off in the pool which was not enough for the pay out, I might continue filling that account until the first payout but overall looking at running costs the rig uses around 200 to 300 W during the computing its overall a negative investment with my Gear...

ETH Mined 62h for 764 Shares which is 16.72 % of the min Payout of 8.10 EUR

which makes a daily income of 0.52 EUR

ZEC Mined 46h 13456 Shares which is 13.45 % of the min Payout of 0.33 EUR

which makes a daily income of 0.02 EUR

 

Conclusion:

 

Pro

  • Software mining easy to use and you can still use the PC on the side

 

Con

  • high payout limit to reach before compensation

  • low rewards which makes it hard to keep up with the running costs

 

Thanks for reading, and Check out my other topics!

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CryptoJay
CryptoJay

I am New in the Blogging world and wanted to give it a Try and start sharing my Ideas and Visions. Who I am? I am a normal Person working his daily life to afford his living, who has his own opinion as its a Human right to have. I am working in the IT Sec


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