Ethereum Mining Performance Rankings: Top 10 ETH Mining Pools in 2024

Introduction

Ethereum mining remains one of the most lucrative activities in the crypto space, with miners constantly seeking the best hardware and pools to maximize profits. This guide explores:

• Top-performing GPUs for ETH mining
• Leading Ethereum mining pools ranked by efficiency
• Hashrate comparisons and profitability insights
• Key FAQs for miners

Best GPUs for Ethereum Mining in 2024

| GPU Model | Hashrate | Power Consumption | ROI Estimate |
|---------------------|----------|-------------------|--------------|
| Radeon RX 580 | 22.4 MH/s| 243W | ~82 days |
| Radeon RX 470 | 24.3 MH/s| 159W | ~57 days |
| Radeon RX 480 | 24.4 MH/s| 171W | ~72 days |
| Radeon RX 560 | 9.2 MH/s | 97W | ~99 days |

Key Considerations:

• Power Costs: High electricity rates significantly impact profitability.
• Hardware Lifespan: Mining GPUs typically last 6–10 years with proper cooling.
• Market Volatility: ETH price fluctuations directly affect ROI timelines.

👉 Check real-time mining profitability

Top 10 ETH Mining Pools (2024)

1. Ethereum Official Pool

   • Largest global pool with transparent reward distribution.

2. F2Pool

   • China-based, supports multiple coins including BTC and LTC.

3. SparkPool (Now Closed)

   • Formerly a major player; users migrated to alternatives post-shutdown.

4. Huobi Pool

   • FPPS payment model reduces fees by 5% vs traditional PPS.

5. Antpool

   • Operated by Bitmain, supports ETH, BTC, and LTC.

6. Binance Pool

   • Exchange-backed with low latency and high reliability.

7. Nanopool

   • User-friendly interface ideal for small-scale miners.

8. 2Miners

   • PPLNS payment system favored for consistent payouts.

9. Ethermine

   • Zero-fee withdrawals and detailed analytics.

10. Hiveon

    • Integrated with HiveOS for automated optimization.

Pro Tip: Smaller pools may offer higher per-share rewards during low-network activity.

ETH Mining Hashrate Rankings

| GPU/ASIC | Hashrate (ETH) | Power Efficiency |
|--------------------|----------------|-------------------|
| RTX 3060 | 22 MH/s | 125W |
| RX 5700 XT | 58 MH/s | 125W |
| Radeon VII | 85 MH/s | 300W |

Note: ASICs dominate Bitcoin mining but are less effective for ETH due to its GPU-friendly algorithm.

FAQs

1. How long do mining GPUs last?

With proper cooling, GPUs can operate for 6–10 years. Thermal throttling and capacitor aging are primary failure points.

2. Will ETH 2.0 end mining?

Yes. The transition to Proof-of-Stake (PoS) will replace mining with staking, expected by late 2024.

3. What’s the cheapest way to start mining ETH?

Used GPUs like RX 470/580 offer the best balance of cost and performance for beginners.

👉 Compare mining hardware prices

4. How do I calculate mining profitability?

Use online calculators factoring in:

• Electricity cost ($0.06–$0.20/kWh)
• Pool fees (1–3%)
• Hardware depreciation

Conclusion

Ethereum mining remains viable in 2024, but miners must adapt to:

• Upcoming PoS transition: Shift focus to staking or alternative coins.
• Optimized hardware: Prioritize energy-efficient GPUs like RX 580/5700 XT.
• Pool selection: Choose pools with low fees and reliable payouts.

Stay updated with network upgrades to make informed decisions as the ecosystem evolves.

Final Tip: Reinvest mining profits into ETH staking for long-term gains post-merge.