Aapool.org is a smaller Monacoin mining pool with roughly 5% of the hashing power. The mining fee is a bit on the high side at 2%, but the 0.1MONA minimum payout is good. monacoin pool F2Pool is one of the largest integrated mining pools in the world, and it’s also the third largest Monacoin mining pool, controlling roughly 15% of the hashing power.
- Monacoin has its roots in Japan, but based on the mining pool activity it has been spreading its wings.
- The mining fee is a bit on the high side at 2%, but the 0.1MONA minimum payout is good.
- As far as I can tell there is no mining fee at VipPool.net, but unless you can read Japanese you’ll have to choose another pool, since the VipPool.net website is only in Japanese.
- If you’ve read any of our previous articles about mining other coins you know that the features to look for in mining pools are very similar from coin to coin.
Zpool.ca is a large pool that mines dozens of algorithms and over 100 different coins. While you can request payment in MONA, and the minimum is just 0.05MONA, it could still take time to get paid as the pool may have to wait until a Monacoin block is found before payments can be made. As far as I can tell there is no mining fee at VipPool.net, but unless you can read Japanese you’ll have to choose another pool, since the VipPool.net website is only in Japanese. That’s ok though, because with nearly 50% of the hashing power you’d want to choose a different pool anyway. Now that you know what you need to look for in choosing the right pools, let’s take a look at some of best pools that you can join. Some of these pools will give you the opportunity to mine Monacoin specifically while others let you choose the mining algorithm and they choose the most profitable coins.
ZPool
That actually makes it a pretty good choice as you’ll help to decentralize the network. It’s also a sign that ASICs aren’t that prevalent in Lyra2REv2 mining yet because F2Pool is based in China and is normally very heavily https://cryptolisting.org/ influenced by ASIC miners. Minimum payouts are just 0.1%, making this a good choice for home miners. It also supports multi-algorithm switching, changing to the most profitable coin in the algorithm if you like.
MONA price
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Monacoin is the first Japanese cryptocurrency that was created in 2014. It is quite popular in the land of the rising sun, but not so well known in the West. Discover the best GPUs for mining based on profitability and hashrates. MiningPoolHub is currently the second most popular Monacoin mining pool, with roughly 25% of the pool hash rate.
What to Look for in a MONA Pool
But first, I want to have a brief explanation of what you should be looking for when choosing an Monacoin mining pool, and in fact any mining pool for any coin. And even though Monacoin mining may not look profitable right now, if the cryptocurrency markets rally again and Monacoin sees a substantial price increase all the coins you mine now will be profitable. Interestingly, in early September 2018 there emerged rumors of an ASIC rig capable of mining the Lyra2REv2 algorithm. Monacoin hasn’t yet performed a hardfork to a different algorithm, but that is possible. There also haven’t been any reports of network difficulty increasing, which would be the sure sign of ASIC miners entering the space.
About Monacoin
Our Linux-based mining OS is packed with advanced features and tools to help you optimize your mining performance. The information on the website is a bit sparse, so if you aren’t familiar with setting up mining software Aapool.org may not be your best choice. It also isn’t the best choice if you want to remain anonymous because you have to register an account in order to mine with F2Pool. On the upside, the minimum payout at F2Pool is just 10 MONA and they payout once a day. This is also not an exhaustive list and there may be other pools that are not included that have reasonable Monacoin hashing power. Below I’ll go through several Monacoin pools to see what they offer and how they stand out from their peers.
Note that with Zpool you choose the algorithm and Zpool decides which coin in the algorithm is most profitable to mine. This means you might not be mining Monacoin at all times if you’re mining Lyra2REv2 because there are 13 different coins with that algorithm and Monacoin is rarely the most profitable. There are several different ways that rewards can be split, but at the end of the day they all end up being equivalent in the long run. With Mondacoin pool mining you’ll get coins more regularly, even if it’s just a small amount. Find the most profitable ASIC miners based on profitability and hashrates. Monacoin has its roots in Japan, but based on the mining pool activity it has been spreading its wings.
And you can get pay-outs in any coin you like, even when mining Monacoin. The pool mining fee is a reasonable 1.25% and there are global servers so no need to worry about location. Hash power varies as the pool changes from coin to coin, but is generally 10% or less. Not surprisingly for a coin that bills itself as the first cryptocurrency made in Japan, VipPool.net is the largest Monacoin mining pool and it is based in Japan. You see, pool mining allows you to combine your resources with that of other miners.
Monacoin Mining Pools: Best Places to Mine MONA
That’s a little bit high, but Monacoin is pretty decentralized, and given the number of pools involved in mining it’s probably ok to mine through them. Monacoin was created as a peer-to-peer decentralized payment network and alternative currency using the Scrypt algorithm for consensus. It later changed algorithms as of block 450,000 and now uses the Lyra2REv2 consensus algorithm.
There are plenty of good Monacoin mining pools to choose from, so there’s no reason not to get started mining the first Japanese cryptocurrency. If you’ve read any of our previous articles about mining other coins you know that the features to look for in mining pools are very similar from coin to coin. Join minerstat and explore the most effective mining software options to boost your hashrate and earnings. They currently only guarantee BTC payments, and you can mine Monacoin, but get paid in Bitcoin if you like.
With all that computing power combined the mining pool is more likely to find blocks more often. It’s too early to say for sure, but it certainly looks as if the ASIC miners are taking their toll on the profitability of solo mining Monacoin as you can see here at WhattoMine.com. With that being the case I wouldn’t recommend solo mining (unless you have one of these Lyra2REv2 ASIC rigs), and instead you should focus your efforts on pool mining of Monacoin. You still won’t be profitable, but at least you’ll get coins regularly. Leverage minerstat’s advanced features to optimize your mining rig and maximize your earnings.