When mining crypto, many choose to do so in pools. A crypto pool allows you to combine your computing power with other miners to increase the chance of mining a block. But crypto pools are not all one and the same. They all have different fees, supported coins, and reward structures. So, let’s discuss the best crypto pools out there today that can give you the best chance of turning a healthy profit.
A Few Things to Consider Before Choosing a Pool
There are now many crypto mining pools out there to choose from, which can be a little overwhelming. Choosing a mining pool can be drastically simplified by having a list of pointers to keep in mind.
One of the most important things to take note of is pool fees. Mining pools often charge fees to members for being able to receive consistent mining rewards. But these fees can vary quite drastically. So, ensure the fee of a given pool isn’t taking a big chunk of your profits.
You should consider the reward structure of any pool you’re considering joining. Mining pools hand out rewards differently, which may affect how much you can earn. So make sure you know what kind of payment structure your pool of choice has opted for.
Now, let’s get into the most profitable pools out there right now.
F2Pool is one of the most popular mining pool providers in existence today, with a total of around two million active users. It began solely as a Bitcoin mining pool in 2013 based in China but has added support for many other cryptos since, including Bitcoin Cash, Monero, Litecoin, and Ravencoin. Even Ethereum Proof of Work can be mined using F2Pool.
You can use different kinds of mining hardware on F2Pool, including ASIC miners and GPUs.
Depending on the pool you choose to join within the F2Pool platform, the overall hashrate will differ. For example, F2Pool’s Litecoin pool currently offers a hash rate of 63.79 TH/s, while its Ethereum Classic pool offers a lower hash rate of 26.1 TH/s.
The rewards offered by F2Pool also vary depending on your specific pool. In F2Pool’s Bitcoin pool, for instance, the fee stands at 2.5%. Note that F2Pool’s fees can be a little steep at times.
F2Pool also offers a smartphone app for iOS and Android devices.
ViaBTC’s platform offers various services, the most popular being its mining pools. It’s quick and easy to sign up on ViaBTC’s website to get started in no time.
ViaBTC supports the mining of 11 different cryptos, including Bitcoin, Bitcoin Cash, Litecoin, and Ethereum Classic. You can mine with ASICs, GPUs, and CPUs with ViaBTC, or you can try the platform’s cloud mining service if you don’t want to purchase hardware. The platform also offers a customer service page for your issues or concerns.
ViaBTC’s mining pool fees vary depending on the payment structure of the pool. For pay-per-share payments, the fee is 4%. For pay-per-last-n-shares payments, the fee is 2%. So take note of the payment structures your chosen pool uses on ViaBTC so you know the fees you’ll incur.
ViaBTC also has a free smartphone app that can be used on Android and iOS devices.
3. Braiins Pool (formerly known as SlushPool)
Braiins Pool is another great option for crypto miners and currently mines around 6% of all blocks. It is a vast pool provider that only offers a mining pool for Bitcoin. The platform began as SlushPool in 2010 but was rebranded to Braiins Pool in mid-2022. On top of this, Braiins Pool decided to close its ZCash mining pool in August 2022.
Braiins Pool is only suitable for Bitcoin mining, but it is still a solid pick. Braiins Pool currently offers a 12.28 EH/s and charges its users a 2-2.5% fee. However, if you use Braiins OS+, the platform’s autotuning firmware, you can enjoy a 0% mining fee within its Bitcoin pool. You can easily sign up for Braiins Pool by creating a username and password.
Braiins Pool has its own smartphone app for Android and iOS, though it is still called SlushPool currently.
BTC.com allows you to mine an array of cryptos in a pool, including Bitcoin, Litecoin, and Bitcoin Cash. This platform offers round-the-clock mining rewards, customer service, and a league of the top-earning miners. You can mine with an ASIC or GPU using BTC.com.
To sign up for BTC.com mining, you’ll need to provide a few details, such as your phone number, for verification. But the process is simple enough and won’t take up much of your time.
BTC.com charges a fee of 1.5%, which isn’t too bad for a mining pool. You can also mine on the go using the platform’s iOS and Android smartphone apps.
Binance isn’t just one of the world’s leading crypto exchanges. It also offers users the ability to mine in pools under Binance Pool. Binance Pool offers mining pools for Bitcoin, ZCash, Litecoin, Bitcoin Cash, Ethereum Classic, and Ethereum Proof of Work.
You can enjoy 24/7 customer service with Binance Pool, as well as daily rewards and helpful mining tutorials. However, Binance’s pools differ in their payment structures, so keep this in mind when selecting a pool to join. Binance Pool’s fees also vary and can range from 0.5% to 0.25%.
You can access Binance Pool via your standard Binance account. Note that this platform requires ID verification upon signup. While the Binance app now contains a mining pool wallet, no dedicated app is designed for mining alone via Binance Pool.
Poolin is a Chinese platform that offers mining pools for Bitcoin, Ethereum Classic, Litecoin, ZCash, and more. Again, the hash rates vary depending on the pool you’re in, as well as the rewards you’ll be eligible for. The payment structure on Poolin also varies depending on the pool you’re in, so check these features before signing up.
Poolin offers daily rewards for a consistent income stream, though it does not offer customer service like many other mining pool platforms. But the site does have a help center that you can check out if you have any questions or issues.
Poolin’s fees depend on the pool you’ve chosen to join but generally range from 2-4%. You can also use Poolin’s Android and iOS smartphone apps to check your stats wherever you are.
Crypto Mining Could Be a Profitable Venture for You
Millions of people worldwide currently generate a main or side income via cryptocurrency mining. Though the venture has potential risks and downsides, it can provide you with healthy profits depending on the hardware you’re using and the crypto you choose to mine. So, if you’re interested in trying this, check out the platforms listed above to find a trusted mining pool that you can rely on.