How to Select a Beneficial Mining Pool for Ravencoin?

How to Select a Beneficial Mining Pool for Ravencoin? Do you want to boost your profitability while mining Ravencoin? Are you interested in mining Ravencoin? It is prudent to become a member of a Ravencoin mining pool.

We have talked about a few tips that what to look for in a Ravencoin pool before joining, but first, we’ll discuss what Ravencoin is and how can you mine it. You must make the correct choice while mining Ravecoin.

What Exactly Is Ravencoin (RVN)?

What exactly is the cryptocurrency Ravencoin, and why do miners find it so appealing?

This project is rather ambitious, as its goal is to enable users to develop their tokens on the Ravencoin blockchain ecosystem. The users can exercise control over their tokens by either setting a maximum supply limit or enabling a limitless supply of coins to be issued.

The Ravencoin project is completely decentralized, with its success dependent on the community behind it. The goal of the initiative is to provide unmistakable evidence that specific individuals are the rightful owners of digital assets.

How Can You Mine Ravencoin?

The most recent update to the mining algorithm, which is called KawPow and was formerly known as X16R and X16RV2 respectively, renders the coin immune to mining with ASICs.

The community carried out two forks in the initial X16R algorithm when it eventually became economically viable for X16R ASIC mining. This was done to offset the possible efficiency improvements that may be brought about by ASICs.

The current iteration of the KawPow algorithm is applied to circumvent the challenges presented by centralization and ASIC mining.

For the time being, it is not anticipated that any other splits will take place, which indicates that ASICs for mining Ravencoin may still be produced in the future.

What Is a Ravencoin Mining Pool?

Miners of Ravencoin can combine their efforts on a specialized platform known as a mining pool to maximize their profits from the cryptocurrency they are mining.

The reward is split among the miners in a manner that is proportional to the amount of hashing power each miner contributes.

Your mining equipment will function more effectively if you utilize the best Ravencoin pool, and there is a greater chance that you will be rewarded for your efforts.

How to Choose a Ravencoin Pool?

You must select the Ravencoin pool that is both the best and the quickest available if you wish for your mining efforts to be profitable. In most cases, we select a mining pool to use for Raven Coin based on the following criteria:

Fees: Fees are important since they indicate whether or not your participation will be profitable enough. The fees could range anywhere from 0% to 3%. The better the deal is for you, the smaller the cost.

Minimum Payout: When it comes to the minimum payout, the same rule of thumb applies here: the lower it is, the better. If there is a low minimum payout, this means that you will be able to get your winnings more quickly.

Reputation: The Ravecnoin pool alternatives that are the most popular are almost invariably the ones with the best reputation.

Uptime of the Pool: It is recommended that you pick a pool that has an uptime of close to or exactly 100%.


The mining of RVN is going to become increasingly difficult as the level of competition in this sector increases.

Adjustments are made as more hash power is added to the network. This can only indicate that solo home mining will become less practicable, and as a result, there will be more of a need to use one of the Ravencoin pools that were listed above.