Best SparkPool and BeePool alternatives
Recently SparkPool and BeePool announced that they is closing down their services due to Chinese ban on cryptocurrency mining and trading. Sparkpool is a second largest Ethereum mining pool operating in China. BeePool is the forth largest Ethereum mining pool. Sparkpool will suspend all services to all users on 30th of September, 2021 while BeePool will close its services on 15th of October, 2021.
What mining pool to use instead of SparkPool or BeePool?
SparkPool and BeePool have its disadvantages. For example a minimum payout threshold of 0.05 Ethereum on SparkPool. This is approximately $150 at the time of writing. It takes an average miner about 2-4 weeks to reach the minimum payout threshold.
NiceHash, on the other hand, has a minimum payout threshold of 0.00001000 BTC. Which is about $0.40 at the time of writing. An average small time miner can reach payout threshold in about 1-2 hours. This is ideal for small to medium miners who require frequent and cheap payouts.
NiceHash is a great alternative for both SparkPool and BeePool because:
- The lowest and most frequent payouts in the industry - Use your earnings on the same day as you earned them!
- Auto-switching between multiple algorithms and coins - No need to manually switch between multiple configurations.
- Bitcoin payouts - Always be paid in Bitcoin, no matter what algorithm or coin you are mining.
- Free EURO withdrawals - Withdraw your mining earnings to your bank account.
- Signed and verified miner binaries - No risk when using private keys and wallets on your personal and mining PC.
- Pay-Per-Share reward system - Only used by NiceHash. You get paid for every valid share you submit.
- NiceHash Exchange - Exchange your mined funds to one of 50+ supported currencies on NiceHash Exchange, including Ethereum.
- Dedicated Human support - NiceHash expert support team helps miners with any issue they encounter.
You can try NiceHash QuickMiner tryout version via your web browser and see how easy it is.
Or you can try NiceHash Miner. NiceHash Miner supports all CPUs, AMD GPUs and NVIDIA GPUs. NiceHash Miner features profit switching between multiple algorithms.
Join the smartest crypto community on NiceHash Discord server or NiceHash subreddit.