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Top 4 Ethereum Mining Pools Account for 75%+ Hashrate Distribution

Ethermine and Sparkpool in the lead

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Ethereum Mining Pools

The rising Ethereum difficulty level over time has necessitated the growth of Ethereum mining pools. Mining solo has become anything but profitable in today’s situation. Ethereum mining pools have emerged as a quicker and easier way for individuals to harvest large amounts of Ether in just a short while. These essentially provide a way for Bitcoin miners to pool their resources together and share their hashing power. Rewards are split in proportion to their contribution to solving a block. Let’s take a quick look at 4 of the largest Ethereum mining pools. Together, these represent 75% of aggregate Ethereum Hashrate distribution.

These 4 Ethereum Mining Pools Account for 75%+ of Overall Hashrate

These are: Ethermine (29.8%), Sparkpool (17.3%), F2Pool2 (15.0%), and Nanopool (14.3%). Our ranking is based on the average hashrate for a month (August 9th – September 6th, as per data obtained from etherchain.org). These 4 together account for 76.5%% of aggregate hashrate distribution when it comes to Ethereum mining.

Ethermine

As at the time of writing, this pool has mined 884.35946 ETH, 1011878 Blocks & 107915 Uncles. The pool currently mines at a rate of 68.1 TH/s and has 109,363 active miners. Current block utilization rate for this mining pool stands at 95.3%.

Sparkpool

As at the time of writing, this pool has mined 3479.89679 ETH, 265906 Blocks & 38429 Uncles. The pool currently mines at a rate of 41.64 TH/s and has 23,600 active miners. Current block utilization rate for this mining pool stands at 83.3%.

f2pool2

As at the time of writing, this pool has mined 4537.81223 ETH, 483257 Blocks & 66907 Uncles. The pool currently mines at a rate of 36.40 TH/s. Current block utilization rate for this mining pool stands at 85.6%.

Nanopool

As at the time of writing, this pool has mined 7779.53997 ETH, 667011 Blocks & 122610 Uncles. The pool currently mines at a rate of 36.13 TH/s and has 64,881 active miners. Current block utilization rate for this mining pool stands at 99.2%.

Image Credit: Deposit Photos

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