Ethereum Mining is Getting Way Too Centralized

15 Mar


In the earlier days of Bitcoin mining there were also concerns about too much hashing power getting centralized in the hands of a single entity or a mining pool and it seems that we are seeing similar thing happening with Ethereum at the moment. Almost half of the mining hashrate for Ethereum seems to be currently controlled by Dwarfpool, so it is advised that users switch to other pools to balance out things. New users that are just starting to get into Ethereum mining should also consider any of the other pools for mining ETH instead of Dwarfpool. Dwarfpool is also trying to encourage users to distribute hashrate more evenly with the pool fee increase from 1% to 2% to new users if the hashrate goes over 50% of the total network, though that apparently is not doing that great job. Below you can find an up to date list of Ethereum mining pools other than Dwarfpool where you can mine ETH and get a more even hashrate distribution.

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4 Responses to Ethereum Mining is Getting Way Too Centralized


March 15th, 2016 at 17:24

Any particular reason why dwarfpool became so large? Were they offering lower fees then everyone else? Were they one of the first pools to offer Ethereum mining? Just curious…


March 15th, 2016 at 19:05

Probably because of the Ethereum stratum proxy they have released that improved the coins earned, but other pools have also added support later on or implemented their own stratum solutions… people are probably just too lazy to switch pools when everything is working well and they are happy with the results. Some of the other pools had various issues along the way, or lower than expected profit etc.


March 15th, 2016 at 19:56

Makes sense, and thought that would be the case. Set it and forget it.


March 15th, 2016 at 20:10

Well, I didn’t even hear about dwarfpool, I believe oneof the first was nanopool and then went to suprnova, where I already had an account, Have to check them out (not going to mine over there of course) ;)

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