CoinMinerz Reviews

CoinMinerz is a user-friendly, multi-cryptocurrency Mining Pool supporting different algorithms and coins. The pool operates mining and payments through the use of PROP and SOLO methods. To learn more about CoinMinerz, you can join the pool’s Discord community through this link: https://discord.gg/cc5hB3shDX.

You can mine in more than one pool at once, but your hashrate will get worse. Each mining pool uses a different methodology to assign workers to miners. Assume pool A has powerful miners and pool B has weaker miners. To distribute mining tasks equally among those groups, a pooling algorithm should run on the pool server. Even if the difficulty is the same, the mining tasks assigned by Pools A and B are different. Your miner device can only solve one question at a time, allocated by Pool A or B.

It’s hard to say because there are so many factors. The comparison of pools is based on the assumption that you will mine one pool for a fixed period, then switch to another pool for the same period. Comparing each income is flawed because it doesn’t take pool luck, network difficulty or mining rig luck into consideration.

You could point two identical rigs to the same pool simultaneously. But even if two mining rigs are made from the same hardware, their hashrates may differ by as much as 10%, experts say.

To join CoinMinerz you will need to complete your configuration generator.

Step 1: Go to coiminerz.com. Click on the Getting Started button in the top right corner.

Step 2: Choose a coin pool. They have 16 coin pools to mine from.

Step 3: Enter your wallet address. You will need to have a wallet for the coin you want to mine.

Step 4: Enter your worker's name. You will need to create a worker extension for your miner. An example is “walletaddress.workername.” You can have multiple workers for the same wallet address.

Step 5: Choose the Stratum Settings. These options are based on the mining rig you have.

Step 6: Click on Generate and apply your configuration to start mining. You can track your worker on the coin page. For the first set up, it usually takes one or two minutes until your worker will be visible.