Best bitcoin mining pools to join
The bigger the pool is, the more regular the payments. However, since the cryptocurrency is mined by a significantly larger number of people, the payout each member will receive can often end up being meager. The opposite is true for smaller pools which offer far less frequent payments but bigger payments. Once a block has been added to the blockchain successfully, a mining pool can share the reward in different ways. Bitcoin mining pools charge differently.
Some charge as high as 4 percent, while others charge 0 zero percent for every transaction. Also, the fees are paid up front. You should make sure to find out how reliable a particular pool is before you join them.
Other things you should also consider include how secure the pool is as well as the ease of withdrawing funds. Slush Pool was launched in November It ranks among existing Bitcoin mining pools as the oldest. The company started out under the name Bitcoin Mining Server before it rebranded itself.
Based in the Czech Republic, Slush Pool is operated by Satoshi Labs and adopts a score-based system to prevent pool switching. This means that if you switch from Slush Pool to another pool and try to return; a drop in scores is the end result. The Pool shares the transaction fee earned with miners. Miners can set their withdrawal threshold as little as 0. However, they will be charged additional fees for any withdrawals below 0. Slush Pool allows its clients to register their preferences about the kind of mining they want their devices to perform.
Ant Pool is the biggest pool in existence and one of the best bitcoin pools. Users on this pool can choose from one of two reward method: However, the Ant Pool will retain all transaction fees.
Payments are made once each day, provided the amount is more than 0. Ant Pool boasts an easy-to-use dashboard with a clean interface, which makes it beginner friendly. The pool also offers numerous security options which include email alerts, a two-factor authentication, as well as wallet locks.
Ant Pool supports mining of Bitcoin, Litecoin, and Ethereum. Kano CKPool represents around 3 percent of global hash power and charges as little as 0. This means that payouts are quite generous.
Kano CKPool mines between two to three blocks each day. Miners can only mine bitcoin with Kano CKPool. F2Pool is a decentralized peer-to-peer bitcoin mining pool that allows users to choose whether they want to mine a public or private node.
The pool was created in and is run by two Chinese technology enthusiasts in Wang Chun and Mao Shihang. F2Pool accounts for about 14 percent of the global network hash rate, which makes it the second largest Bitcoin mining pool around today. The pool charges 4 percent fee on a PPS basis. In addition, F2Pool keeps all earned transaction fees and has its threshold for bitcoin payments set at 0. Payments are made automatically at midnight UTC each day. Being just being one of the best pools, F2Pool is one of the most diverse pools out there.
It allows users to mine bitcoin, litecoin, ethereum, zerocoin, DASH, monero, and Siacoin, among others. You do not need to register to join the pool. The pool runs a PPS reward structure and does not charge transaction fees. However, it has its minimum payout set at 0. The large pool outfit started in and also owns the domain Bitcoin.
The company earned a name for itself shortly after it was created by creating a robust bitcoin wallet and its own bitcoin explorer. When it comes to delivering the bitcoin-focused benefits, there are only a handful of pools that can rival BTC.
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