Today we will find out why so many crypto enthusiasts prefer RVN mining, and what are the best Ravencoin mining pools.
Raven Coin is a new coin using the x16R algorithm. The coin was developed as a cryptocurrency available for ASIC. ASIC is specialized equipment that can develop a specific algorithm faster than the GPU, and much more efficiently. The main argument against ASIC is that it mines more centrally. Because ASICs are more expensive and more complex than a graphics card or processor, hash power is concentrated in the hands of fewer people.
The x16R algorithm is unique in that it uses 16 different algorithms that are randomly selected based on the hash of the last block. Developers decided to alternate the X15 and SHA512 algorithms, and the order depends on the hash of the previous block. Therefore, such miners do not threaten the network. Because of this, the order is always random, which makes ASIC mining very difficult. This unique algorithm is one of the reasons for the popularity of the Raven coin.
If you want to reap maximum benefits from RVN mining, consider doing it with mining pools!
What is a Raven Mining Pool?
This is a platform where users can unite their powers and mine Raven blocks together. The reward is distributed according to the amount of hashing power contributed. The use of mining pools increases the chance of successful block discovery and boosts the efficiency of your mining facilities (graphic cards or whatever you use).
Ravencoin is a very good choice for mining as it has higher profitability than Ethereum or Bitcoin mining:
Ravencoin Mining Pools Comparison
Let’s observe the best Ravencoin (RVN) mining pools.
Website: https://minermore.com/ Pool Commission: 1% PPLNS Pros: Provides accurate graphics. Payments are made on time. PPLNS Payout System. One of the most popular platforms. Cons: Registration required.
If you are an advanced miner, you should try Minermore. Although the navigation and registration processes are somewhat complicated, the platforms provides timely payments and customer support. The pool is pretty small, so the choice of miners is limited.
Website: https://ravenminer.com/ Pool Commission: 0.5% PROP Minimum payout: 0.5 RVN Pros: Low commission. Servers all over the world. On the YiiMP protocol. Without registering. Cons: Sometimes the pool is disconnected and has some problems with delays.
Ravenminer is a pretty small but convenient RVN mining pool that hosts over 2,000 miners and has a 1.9% hash rate (105.98 Gh/s). Low commissions and user-friendly interface make this option great for starters.
Website: https://rvn.nanopool.org/ Pool Commission: 1% PPLNS Minimum payout: 50 RVN Pros: Has a better reputation. Servers all over the world. Without registering. PPLNS Payout System. Cons: Not suitable for small miners, as minimum payout of 50 RVN.
Nanopool is the fourth largest Ethereum cryptocurrency mining pool in terms of cryptocurrency miners and the second largest XMR and ETC mining pool in terms of mining volume. The platform is being used by over 40,000 miners. The website administration recommends to use Nanominer software for mining because it supports various algorithms. The platform boasts decent customer support and intuitive interface, but the fee is 1% – higher than on other platforms.
Website: https://beepool.org/coindetail/rvn Pool commission: 2% PPS / 1% PPLNS Minimum payout: 0.1 RVN Pros: Next largest after Suprnova. PPLNS Payout System. Cons: Located in China, therefore only suitable for miners based in Asia.
Beepool is something that many miners started from. This is a pretty reliable pool that has been around for years, but it’s 100% Chinese. If you are ready to deal with language issues and 1-2% fees, opt for this variant.
Website: https://bsod.pw/ Pool commission: 0.9% PROP Minimum payout: 0.1 RVN Pros: Servers around the world. On the YiiMP protocol. Suitable for small miners. Cons: Finding blocks takes longer compared to large pools.
Aside from supporting a large variety of algorithms and cryptocurrencies, BSOD pool ensures high performance and 24/7 customer support coupled with solo/party mining.
Website: https://rvn.coinblockers.com/ Pool Commission: 1% PPLNT Minimumpayout: 0.05 RVN Pros: Detailed statistics are provided. It has protection against DDoS attacks and does not require registration. Cons: Finding blocks takes longer compared to large pools.
Although it supports only PPLNT payment model, CoinBlockers is a high-performance website that’s backed by the community of miners. If you are a beginner and need help, this pool might be a great choice.
Pros: The largest Ravencoin pool, which controls 30% of the network hashrate. PPLNS Payout System.
Cons: Registration required.
The server for collective mining of the cryptocurrency, Suprnova was established back in 2014. The pool was one of the first to work with the Ethereum (ETH), and now supports mining of 27 cryptocurrencies. This is one of the largest pools for Ravencoin (RVN) mining, and users like for low fees (0.1% for RVN).
If you’re in search of mining pools with a low commission, you can also opt for Cryptopool Party and A Hash Pool – they charge only 0.5%. You can also define Ravencoin mining profitability using a Ravencoin hashrate calculator, for example, Whattomine.com.
Where to withdraw your RVN tokens?
The ideal withdrawal option is Ravencoin Core Wallet (you can download it on GitHub). If you do not plan to keep money in your wallet, but rather want to immediately sell coins and exchange for other cryptocurrencies, you should withdraw them to online exchanges. Ravencoin is traded on the following exchanges:
Bittrex Upbit Cryptopia;
If you want to start mining Ravencoin with CPU or AMD but not sure that your devices are strong enough for mining solo, opt for Ravencoin mining pools – they will help you find a team of miners to maximize your profit.