Difference between anonymous mining and mining through registration

Anonymous mining

Anonymous mining is a mining process where the only mandatory information to provide to the pool is a wallet address.

Anonymous mining is more common than mining through registration, with pools like Ethermine, 2miners, Ezil.me, and Nanopool being some of the well-known examples of such pools.

How to setup anonymous mining

You need to create a wallet address on the correct blockchain and network (i.e. for Ethereum, the network is ERC20), add the wallet address in the address editor, select it in the miner configuration. Pools will authorize you based on the address you're using and send to the provided address the amount of cryptocurrency you've mined (authorizing with that address) once you reach the minimum payout threshold.

Notice In order to change settings like minimum payout threshold on anonymous pools you sometimes need to provide additional information, i.e. IP of one of the rigs, or set a password in miner configuration.

Mining through registration

Contrary to anonymous mining, and as leads from the name, this method requires you to register first, most often with an email verification too. While it requires more effort, this method is considered to be more secure and convenient by some users.

How to setup mining through registration

The exact way the pool operates varies from pool to pool, but a common trait is ability (and necessity in some cases) to create mining sub-accounts, which you add as wallet in the address editor and select it in the miner configuration so that the miner is able to authorize on the pool to indicate that it's indeed you who's mining.

With sub-accounts you can mine to the same wallet using not only different rigs, but different sub-accounts, which you could use to indicate different mining locations.

Examples of pools requiring registration include: Binance, ViaBTC, MiningPoolHub and others.

Main differences

  • Registration requires you to provide more information to the pool and longer setup.
  • Mining to sub-account instead of directly to wallet, so "Wallet" in config becomes "username".
  • Allows changing wallets while keeping history data on the pool, splitting rewards, manual withdrawal, etc. (varies from pool to pool)
  • Same main account can usually be used to manage mining multiple cryptocurrencies, while anonymous pools keep data based on the wallet address used to sign in.

 

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