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. 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. 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.

Setting Up the Mining Pool

Miners earn 25 coins for every 90 blocks processed; block generation time is 1.5 minutes and mining difficulty depends on each block. They currently only guarantee BTC payments, and you can mine Monacoin, but get paid in Bitcoin if you like. Note that with Zpool you choose the algorithm and Zpool decides which coin in the algorithm is most profitable to mine.

1. MiningPoolHub is currently the second most popular Monacoin mining pool, with roughly 25% of the pool hash rate.
2. On the upside, the minimum payout at F2Pool is just 10 MONA and they payout once a day.
3. It is the first Japanese cryptocurrency, is extremely fast (block time of 1.5 minutes) and has little fees, which is why it was created.
4. Monad is an alternative full node bitcoin implementation written in Go (golang).
5. What I like to do, is I make one folder and then put all of my mining software in sub folders.
6. The users are aware that the team is anonymous, but are confident in its security.

The red arrow indicates the GPU’s it has detected in your system, as well as the total speed. Replace “User_name”, “Worker_name”, and “Worker_password” with the details that we setup on the “MyWorkers” page. We will not focus on CPU mining since it is not profitable, monacoin cloud mining compared to GPU mining.

Monacoin Mining Pools: Best Places to Mine MONA

Monacoin has its roots in Japan, but based on the mining pool activity it has been spreading its wings. MiningPoolHub is currently the second most popular Monacoin mining pool, with roughly 25% of the pool hash rate. 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. 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.

Monacoin Block Reward

A low market cap coin may be really profitable one day, and then could have half the payout tomorrow. You see, pool mining allows you to combine your resources with that of other miners. With all that computing power combined the mining pool is more likely to find blocks more often. And then the block rewards are split between the miners in the pool. 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.

After deducting mining power costs and mining fees, the final daily Monacoin mining profit is ($1.43) Monacoin to USD. Every aspect of our Monacoin mining calculator has been developed for miners by miners. 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. 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.

I then exclude the top level folder from the antivirus and that excludes all the mining software. You can buy Monacoin on the crypto exchange where the coin is listed; MonaCoin works on the Lyra2REv2 algorithm, therefore, it can be mined using video cards (GPU). MONA is the first alternative cryptocurrency developed in Japan.