BTC mining pool allows you to extract custom data sets from the system using API (Application Programming Interface) functionality. Many such cryptocurrency pools have a dashboard that helps you to view the mining hardware’s status and temperature. Following are curated list of legit Bitcoin Mining Pools that are highly trusted and most Profitable. The software apps listed in this guide follow the safest crypto practices to ensure your cryptocurrency stays safe.
Best Mining Pools (Most Profitable and Legit)
#1) Binance
Binance is one of the best platforms to create a bitcoin wallet. It offers a platform for trading more than 150 cryptocurrencies. It also provides an API that helps you to integrate your current trading application. This application offers a wide range of tools for online crypto trading. Rating 5.0 Rating 5.0 Rating 5.0
Key Specs:
Pool Size: Large BTC pool hash rate: 23.86 EH/s Active Workers: 610999 Pool fee: 2.50% Minimum payout threshold: No minimum payment threshold for ETH mining Payout Frequency: Daily Supported Platforms: PC, Web, iOS, Android More Information »
#2) Slush Pool
Slush Pool is a mining pool that allows users to mine ZEC and BTC with ease. It helps you check that your rewards are fair with statistical proof. This platform provides a security toolkit to keep your data safe on the cloud. It is available for both iOS and Android. It is one of the largest mining pools which sends a notification if there is an issue detected. It allows you to extract custom data sets from the system using API (Application programming interface) functionality.
Key Specs:
Pool Size: Medium-Large BTC pool hash rate: 12.33 EH/s Active Workers: 191 725 Pool fee: 2% Minimum payout threshold: 0.001 BTC Payout Frequency: Daily Supported Platforms: PC, Web, iOS, Android Link: https://slushpool.com/home/
#3) F2pool
F2Pool is one of the best bitcoin mining pools that can be used by contributing computer power to discover blocks. It also enables you to trade Bitcoin from iOS and Android applications. This platform is available in various languages like English, Spanish, and Chinese.
Key Specs:
Pool Size: Medium-Large BTC pool hash rate: 25.81EH/s Pool fee: 2.5% Minimum payout threshold: 0.005 BTC Payout Frequency: Daily Supported Platforms: PC, Web, iOS, Android Link: https://www.f2pool.com/
#4) Pool BTC
Pool BTC is one of the best bitcoin mining pools that enables you to earn revenue with minimal effort. It is available in more than 10 languages, including Spanish, Russian, French, Japanese, and more. This platform has its own payment system called FPPS (Federal Personnel and Payroll System).
Key Specs:
Pool Size: Large BTC pool hash rate: 12.810 EH/s Pool fee: 4% Minimum payout threshold: 0.005 BTC Payout Frequency: Daily Supported Platforms: PC, Web, iOS, Android Link: https://pool.btc.com/
#5) ECOS
Best for Its operating system, which works with legal status. ECOS is the most trusted cloud mining provider in the industry. It was established in 2017 in the Free Economic Zone. It is the first cloud mining service provider that is operating with legal status. ECOS has more than 100,000+ users from all over the world. It is first cryptocurrency investment platform with a complete suite of digital asset products and tools.
Key Specs:
Found year: 2017 Supported coins: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Tether, Litecoin. Minimum Investment: $150 Minimum Payouts: 0.001 BTC. Payout Frequency: Daily Price: Plan starting at $0.75 TH/S per month. Fraud risk: Low More Information »
#6) Via BTC
ViaBTC is a Bitcoin, Bitcoin Cash, and Litecoin mining pool that enables you to get the real-time status of miners. This site offers multiple mining forms and settlement methods. It has an intuitive dashboard that reflects data on mining pool hashrate and miners.
Key Specs:
Pool Size: Medium BTC pool hash rate: 20.32EH/s Pool fee: 4% for PPS & 2% for PPLNS Payment Method Minimum payout threshold: 0.001 BTC Payout Frequency: Daily Supported Platforms: PC, Web, iOS, Android Link: https://www.viabtc.com/
#7) Antpool
Antpool is one of the best Bitcoin mining pools for Bitcoin that helps you to mine and trade cryptocurrency with ease. It provides app, mail, SMS, and WeChat alert service. This platform enables you to easily view your earnings on the dashboard. This website also helps you to monitor your hashrate on a daily, hourly, and minute basis.
Key Specs:
Pool Size: Medium BTC pool hash rate: 30.5EH/s Pool fee: 4% for PPS+ & 0% for PPLNS Minimum payout threshold: 0.005 BTC Payout Frequency: Daily Supported Platforms: PC, Web, iOS, Android Link: https://v3.antpool.com/home
#8) Poolin
Poolin is a Bitcoin and multi-cryptocurrency mining pool that enables you to invest in digital currency like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and ZCash with ease.
Key Specs:
Pool Size: Large BTC pool hash rate: 23.59 EH/s Pool fee: 2.5% FPPS Minimum payout threshold: 0.005 BTC Payout Frequency: Daily Supported Platforms: PC, Web, iOS, Android Link: https://www.poolin.com/
#9) BW
BW is a crypto mining pool service. It enables you to trade for Bitcoin without any hassle. This platform also supports other cryptocurrencies like Bitcoin Cash, Ethereum, Litecoin, and more. This crypto trading app allows you to perform instant transactions from iOS and Android devices.
Key Specs:
Pool Size: Medium-Large Transaction Fees: 0.2% Link: https://www.bw.com/
#10) Ckpool
Ckpool is a mining pool that can be used without the setup of local Bitcoin. It helps you to avoid the overheads of running a full Bitcoin node that occupies massive storage. This platform connects to high-speed, low latency Bitcoin nodes for quick block change notification and propagation.
Key Specs:
Pool Size: Large BTC pool hash rate: Not available Pool fee: 2% Link: https://solo.ckpool.org/
FAQ:
❓ What are Bitcoin Mining Pools?
🏅 What are the best Bitcoin Mining Pools?
💲 Do you need Bitcoin Wallets?
⚡ Why are miners important?
🏅 How does Mining works?
🚀 How to choose the best BTC mining pool?
👉 Does the size of Bitcoin mining tool matter?
❗ What are Mining Pools reward methods?
💥 What are pros and cons of Mining Pools?
❓ What is the difference between Mining Pools and Cloud Mining?
Also Check: Best Cloud Mining Sites Miners combine their resources to make the mining process more effective. When pools succeed and receive Bitcoins, then they split the reward. This process depends on the power used by each miner. Therefore, the person that used the most power earns the largest reward, and small miners can help them to be successful.
Binance – Best for Boost Your Mining and Maximize Revenue Slush Pool – Best for BTC Mining & Advanced Payouts F2pool – Best for Bitcoin, Ethereum & Litecoin Mining Pool BTC – Best for Multi-currency Integrated Mining pool ECOS – Its operating system, which works with legal status Via BTC – Best for One-Stop Mining Services Antpool – Best for Remote Management of Mining Activity
Also Check: Best Mining Software Each of the Bitcoin miners in the world contributes to a decentralized P2P (Peer-to-Peer) network to make sure the payment network is secure and trustworthy. The Blockchain network is basically a decentralized P2P network that contains a shared ledger. The network has no central authority, so the transactions are recorded, processed, and validated in the miner’s network. The data shared over in the network is completely transparent, but the personal data is always anonymous. Here, the miners require validating blocks of transactions to access their blocked rewards. Whenever a new transaction block is added to the system, a new BTC is introduced in the network. So, not only they work to secure the network but also to verify the transactions. In order for the blockchain network to operate properly, miners need to work on the blockchain network.
Reputation: You need to join the group and see what other people are saying about pool. This will give you good information from miners who have tried the pool. Pool Fee: You need to a reliable pool with the highest payout and lowest fees. If you are a beginner, then you can try BTC pools with no fees. Uptime Efficiency: You have to do some research before committing to any pool. It is good to ensure that they have uptime of 99.5% or higher. Location: You should always look for a mining pool running on a server located near you. You may lose precious shares if your computer takes too long to respond to the pool server. Support and Feedback: Your chosen mining pool should provide support when you encounter any issue in mining or variation in your payout. UI Panel: When you choose the pool, you should check their API tools and statistics page to check whether they have a good user experience or not.
If you are OK with a regular payout for a long time, it is better to go for smaller pools. In contrast, for the steady income with a high probability and low payout scheme, you may choose a larger pool.
PPS: Pay Per Share approach offers instant guaranteed payout for the share that a miner solves. This method can transfer risk to the person operating pool. PROP: This is a proportional approach that offers a distribution of the reward when a block is found amongst all workers. PPLNS: The Pay Per Last N Shares or PPLN approach is similar to the proportional method. But the only twist here is it looks at the last shares while doing calculation. SMPPS: SMPPS or Shared Maximum Pay Per Share uses a similar approach to PPS, but this method does not pay earnings getting more than Bitcoin mining pool. ESMPPS: The Equalized Shared Maximum Pay Per Share method distributes payments equally among miners in the mining pool. RSMPPS: The Recent Shared Maximum Pay Per Share method prioritizes the most recent person mining the Bitcoin first. CPPSRB: Capped Pay Per Share with Recent Backpay uses MPPS (Maximum Pay Per Share) system to pay miners using the income from finding blocks. BPM: Bitcoin Pooled mining uses a system where older shares from the beginning of the mining block are given less priority compared to recent shares. This will reduce the ability to cheat the mining pool system by pool switching. SCORE: This approach uses a system in which proportional reward is distributed and weighed by the submitted work and time. ELIGIUS: It is a mining pool that uses PPS and BPM to earn shares and get instant payouts. Triplemining: Triplemining uses generated Bitcoins and add to the jackpot of the founder’s pool. It allows shares to grow faster than any other Bitcoin mining pool.
It gives you more predictable payouts. You require minimum Internet speed to the pool server Pools enable you to quickly check the status of miners. You need a low setup for pooled mining. Miners will get paid on a daily basis.
Here are the cons of the mining pool:
It charges fees and gives you a lower payout. You may need to depend on a third-party system to earn your money, and your miners may be idling due to a website down issue. Miners are responsible for your own software side or server-side security.
On the other hand, Cloud Mining is a good option for you if you are interested in mining but not ready to buy costly equipment. It allows you to buy time duration on other people’s mining equipment. This type of mining operation generally uses cloud computing so that software, servers, and storage can be accessed from any place and anywhere. If you want to learn about Cloud Mining, here’s a free tutorial you’ll want to check out: What is Cloud Mining?
🌟 What are the countries that mine the most Bitcoins?
❓ What is Hash Rate?
⚡ How to mine Bitcoin at home?
❗ Is it better to mine solo or in a pool?
🚀 What is the payout threshold?
China: This country mine approx 60% of all new Bitcoins. Georgia: It mines about 15% of all Bitcoins. US: This country mines about 3% of all Bitcoins. Other countries: These countries mine the rest of Bitcoins.
Pooled mining can generate 1-2% higher income through long polling provided by the pools. While Solo mining wastes your time due to the support of only getwork pull.
