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Author Topic: 27 day test shows Minerall.io is15% more profitable than 2Miners to mine ETH  (Read 191 times)
lamboholic (OP)
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July 25, 2018, 08:19:18 AM
 #1

Hello everyone,

While I was surfing through the internet, I saw many articles and reviews with comparison of mining pools. I decided to run a small test of my own. My goal was to find out which pool is more profitable for ETH mining.
 
I chose two mining pool for my test: 2miners and Minerall.io. Why these pools? Just saw them when was trying to find ETH pools. Besides, both of them allow mining anonymously, pay once per day, and have a detailed performance statistics. However, a significant difference between these pools is their commission. 2Miners takes 1%, while Minerall’s commission is 2%. But, as people say, the devil’s always in the details, but I will speak on that later in this article.
 
So, let’s get it started. I configured two similar mining rigs with 180MH/s on HiveOS. The rigs rig_id are 109569 and 138477. Before the test I checked my possible profit with WhatToMine and got 0.0133ETH per day. Not bad.

I won’t explain how to set up HiveOS, because this post is not about it. Find and follow the manuals from the Internet.

I created a new ETH wallet 0xc4e599e1621c101b4d34443e9bda40b299e2e2ab for my test and started mining.

Statistics
I was mining for 27 days to avoid any issues with the network luck, errors, etc. So, the results are the following:
Minerall: 0.3701 ETH or 0.013707 ETH in a day.
2Miners: 0.3196 ETH or 0.011837 ETH in a day.

As I mentioned earlier, WTH prediction was 0.0133 ETH in a day.
So, as we can see, the Minerall mining pool is 15% more profitable than 2Miners.
https://eth.2miners.com/en/account/0xc4e599e1621c101b4d34443e9bda40b299e2e2ab
https://minerall.io/minerstats/0xc4e599e1621c101b4d34443e9bda40b299e2e2ab

Minerall stats

2Miners stats

Sorry, can't upload images)

Payouts
Both pools paid on time without any problems. Let’s go back to the pools commission which I promised to discuss. Minerall’s commision is higher - 2%. But if we take into consideration some points, Minerall is more profitable. This point is Minerall has a lower percent of uncle blocks. The 2miners pool has avg uncle rate 33%, while the Minerall pool has only 10%.

So, let’s do the math here. For example, we have 10 ETH blocks. With the Minerall pool your possible profit is 2*1+9*3 = 29 ETH, and with 2Miners 2*3+7*3 = 27 ETH.
Without pool fee we get:
Minerall: 29-29*0.02 = 28.42 ETH
2Miners: 27-27*0.01 = 26.73 ETH

Conclusions
I am not going to compare the pools interface, statistics detailing and so on. 2Miners has a better statistics for anonymous mining, but while this article was in writing, the Minerall team updated their homepage design which is far more comfortable and easy to use.

As you can calculate, you can see, you need to have a rig (or rigs) with the total hashrate of 15.2 GH/s to mine 1 ETH on 2Miners. On Minerall you will need 13.13 GH/s for the same. Or, in other words, 100 GH/s on Minerall pool will provide you with possible 7.615 ETH, and with 2Miners only 6.576 ETH.

Now I’m planning to continue mining with Minerall.io and make some other tests. If you have any suggestions or comments on this test, welcome.
UPD: 2Mineral has recently announced that they had fixed the problem with the uncle rate.



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lamboholic (OP)
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July 27, 2018, 08:33:25 AM
 #2

Hi community,

New test as promised. Now its Minerall.io vs. NanoPool

https://minerall.io/minerstats/0x72a5c922ade85b799664347e50dd0acdd838c14a 0.0913 ETH

https://eth.nanopool.org/account/0x72a5c922ade85b799664347e50dd0acdd838c14a 0.06234010 ETH

Minerall stats

NanoPoll stats

Of course, everything depends on a pool luck rate. The Minerall's pool started worse, but then managed to catch up and overtake NanoPool. The test is now finished. Any suggestion which pools to compare next?
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July 31, 2018, 12:50:25 PM
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Hi community,

New test as promised. Now its Minerall.io vs. NanoPool

https://minerall.io/minerstats/0x72a5c922ade85b799664347e50dd0acdd838c14a 0.0913 ETH

https://eth.nanopool.org/account/0x72a5c922ade85b799664347e50dd0acdd838c14a 0.06234010 ETH

Minerall stats

NanoPoll stats

Of course, everything depends on a pool luck rate. The Minerall's pool started worse, but then managed to catch up and overtake NanoPool. The test is now finished. Any suggestion which pools to compare next?


Hi there,


You have to also take into account your Average and Last reported hash-rate discrepancy on Nanopool. According to the screenshot you attached,
your 6 hour Average H/s was 119.4 whereas your Last reported H/s was 186 (see your Nanopool account). Basically instead of getting paid for your actual
hash-rate, you were getting for 119.4 only, which was the reason, I guess, why you got less.

PS: Your Last reported and Average hash-rate have to be close to each other, otherwise there is something wrong (10% discrepancy is acceptable).
ThePunisher49X
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July 31, 2018, 06:03:11 PM
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Both the average and the last reported hashrate are different.
And need to be taken in consideration in your calculations.

On nanopool the calculated and reported hashrate are shown in their charts as two different things and are treated as so when they do the calculations in their payouts as well.

I was reading on a steemit post last week the calculated hashrate is the one that this specific pool looks at when giving a miner their payout.
lamboholic (OP)
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August 22, 2018, 12:42:51 PM
 #5

Hi community,

New test as promised. Now its Minerall.io vs. NanoPool

https://minerall.io/minerstats/0x72a5c922ade85b799664347e50dd0acdd838c14a 0.0913 ETH

https://eth.nanopool.org/account/0x72a5c922ade85b799664347e50dd0acdd838c14a 0.06234010 ETH

Minerall stats

NanoPoll stats

Of course, everything depends on a pool luck rate. The Minerall's pool started worse, but then managed to catch up and overtake NanoPool. The test is now finished. Any suggestion which pools to compare next?


Hi there,


You have to also take into account your Average and Last reported hash-rate discrepancy on Nanopool. According to the screenshot you attached,
your 6 hour Average H/s was 119.4 whereas your Last reported H/s was 186 (see your Nanopool account). Basically instead of getting paid for your actual
hash-rate, you were getting for 119.4 only, which was the reason, I guess, why you got less.

PS: Your Last reported and Average hash-rate have to be close to each other, otherwise there is something wrong (10% discrepancy is acceptable).


Hi there,
Thanks for your reply. But need to clarify. I had two totally similar rigs, each on 180MH/s. How it could happened that Nanopool didn't see part of my hash-rate?
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September 01, 2018, 09:18:56 PM
 #6

Thanx, man we understand our pool 2miners is bad one. Pls stop this scam advert. I guess all get your idea - your pool better then 2MINERS.
But we have 7500 Miners Smiley upssss

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