When mining crypto, many people choose to do so in a pool. A crypto pool allows you to combine your computing power with that of other miners to increase your chances of mining a block. But not all crypto pools are created equal.
They all have different fees, supported coins and reward structures. So, let us discuss the best crypto pools today that can give you the best chance to make healthy profits.
Some things to consider before choosing a pool
There are now so many crypto mining pools to choose from, it can be a bit overwhelming. Having a list of pointers to keep in mind can make selecting a mining pool a lot easier.
One of the most important things to pay attention to is pool fees. Mining pools often charge members a fee to be able to continually receive mining rewards. But these fees can vary greatly. Therefore, make sure that the fees of any given pool are not taking away a large portion of your profits.
Whatever pool you are considering joining, you should consider its reward structure. Mining pools offer different rewards, which can affect how much you can earn. So make sure you know what type of payout structure your pool of choice has chosen.
Now, let’s get into the most profitable pools right now.
1. F2Pool
F2Pool is one of the most popular mining pool providers in existence today, with a total of around two million active users. It started as a bitcoin mining pool in 2013 based entirely in China, but has added support for several other cryptos, including bitcoin cash, monero, litecoin, and ravencoin. Even Ethereum Proof of Work can be mined using F2Pool.
You can use a variety of mining hardware on F2Pool, including ASIC miners and GPUs.
Depending on which pool you choose to join within the F2Pool platform, the overall hash rate will vary. 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. For example, F2Pool’s bitcoin pool has fees of 2.5%. Note that F2Pool’s fees can sometimes be a bit high.
F2Pool also offers a smartphone app for iOS and Android devices.
2. Via BTC
ViaBTC’s platform offers a variety of services, the most popular being its mining pools. Signing up on ViaBTC’s website is quick and easy 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 ViaBTC with ASICs, GPUs, and CPUs, or you can try the platform’s cloud mining service if you don’t want to buy hardware. The platform also provides a customer service page for your issues or concerns.
ViaBTC’s mining pool fees vary depending on the pool’s payout structure. The fee for the pay-per-share payout is 4%. The fee for pay-per-last-n-shares payouts is 2%. So pay attention to the payment structures used on ViaBTC by the pool you choose so that you know how much you will be charged.
ViaBTC also has a free smartphone app that can be used on Android and iOS devices.
3. Brains Pool (formerly known as Slushpool)
Brains Pool is another great option for crypto miners and currently holds around 6% of all blocks. This is a huge pool provider that only offers mining pools for bitcoin. The platform started as Slushpool in 2010, but was renamed Brainspool in mid-2022. On top of this, Brains Pool has decided to shut down its ZCash mining pool in August 2022.
Brains Pool is only suitable for bitcoin mining, but it is still a solid option. Brains Pool currently provides 12.28 EH/s and charges its users a fee of 2-2.5%. However, if you use the platform’s autotuning firmware Brains OS+, you can enjoy 0% mining fees within its bitcoin pool. You can easily sign up for Brain Pool by creating a username and password.
Brainspool has its own smartphone app for Android and iOS, though it’s still called Slushpool.
4. BTC.com
BTC.com allows you to mine an array of cryptos in one pool, including Bitcoin, Litecoin, and Bitcoin Cash. The platform provides round the clock mining rewards, customer service and a league of top earning miners. You can mine with an ASIC or GPU using BTC.com.
To sign up for BTC.com Mining, you will need to provide some details for verification, such as your phone number. But the process is quite simple and will not take much of your time.
BTC.com charges a fee of 1.5%, which isn’t too bad for a mining pool. You can even mine on the go using the platform’s iOS and Android smartphone apps.