Zpool is a mining rig rental developed by the same people who created www.xpool.ca. To start mining, all you have to do is choose the algorithms you want to use and make a deposit. You can choose from 20+ algorithms to mine 150+ coins. To learn more about the advantages and disadvantages of this service, keep reading our honest Zpool review, which can help you determine if this mining rig rental is worth your time.
How Zpool Works
Zpool offers a wide variety of mining algorithms, which can help you boost your mining endeavors. However, to begin mining, you first may want to consider registering for Zpool’s service. Registration is pretty straightforward; to create an account, you need an email address and a password. Once your registration is complete, you should make a new Bitcoin deposit address and everything you have mined will be transferred there.
In case you already have a Bitcoin wallet, you can use that one, which further simplifies the process. If you’re interested in mining other cryptocurrencies, you can also link your wallet for that cryptocurrency with your Zpool account. After creating an account, you can start renting hashpower from Zpool. All algorithms can be used for mining from a third party pool as well.
Zpool provides a long list of algorithms available on its website and you can choose one or several that mine the coins you need. The available amount of hashpower for every algorithm is also noted in the table, as well as the price. After you start mining with Zpool, you’ll need to wait a little bit for the first payout since it takes some time for the coins to mature, then for the company to exchange and return them to the pool. That’s why Zpool advises you to wait at least 24 hours before reporting a problem with payouts. You will receive automatic payouts every 12 hours for all balances above 0.01. Balances above 0.001 are paid on Sundays.
If you want to receive your payouts in non-BTC, keep in mind that you may need to wait to receive the coins due to lower activity in those pools. That’s why it’s recommended that you use BTC with Zpool. If you do not mine for a period of 6 months, your account will be considered inactive and consequently removed from Zpool.
If you do need to contact Zpool, you can reach its customer support via email or by submitting a ticket. Zpool doesn’t offer other resources on its site, but you can find some answers to your questions on BitcoinTalk.org. Obviously, this is not the best solution for handling customer inquiries or providing users with relevant information about the service.
Why Choose Zpool
If you are looking for an affordable, easy-to-use mining rig, ZPool may be what you need. However, before you opt for this company, it’s important to make sure that it offers the algorithms you want to use. Fortunately, Zpool uses popular algorithms like Scrypt and SHA-256, as well as a myriad of others, including X11, Timetravel, Nist5, Blakecoin, and many others.
Zpool is primarily a Bitcoin mining rig, but you can also find algorithms for more than 150 cryptocurrencies in its offer. In addition to that, Zpool can internally exchange mined coins and send them to you. Bear in mind, though, that some cryptocurrency wallets may not be supported. Zpool has an excellent PROP reward system, meaning that all miners get the same share of mined coins from a pool. Mining with Zpool comes with a 2% fee on mining, rentals, and exchange.
Another advantage of Zpool is that it lets you rent several algorithms at the same time. Also, it provides the exclusive FlexFee system, a proprietary Zpool fee system centered around the inverse proportion between the hashrate and the fees on the pool. More hashrate bought incurs lower fees. The system currently supports Decred, Scrypt, Sha-256, Lyra2v2, and X11. Finally, the company’s website also offers effective protection against DDoS.
- 20+ algorithms
- 150+ coins
- PROP rewards system
- 2% fees
- Supports different wallets
- Reduced hashpower fees for some algorithms
- Internal exchange
- Payouts every 12 hours
- No knowledge base
- Unreliable non-BTC payouts