I was wondering if someone can tell me how the pool size and difficulty affect the mining rewards.
For instance, the ethermine is bigger than nanopool, but difficulty at ethermine is at 4000 vs 5000 at nanopool.
Will I get more mining rewards for the same time period, if I join the largest pool, or is the size of the pool irrelevant, and it is difficulty that matters?
From my understanding, it is better to join the largest pool with smallest difficulty for better mining. I suppose the Ethermine pool is the one to join, but I will also keep in mind that Ethermine charges a fixed transfer fee of 0.001ETH if I set the payout limit to anything smaller than 1ETH, while Nanopool does not.
A pleasant update on transfer fees at Ethermine pool:
https://t.co/f8Px6gGJiM update: After improving our payout processing module the pool now covers all tx fees, even for payouts as low as 0.05 ETH. Thanks for mining with us!
Answers