Digital technology is developing day by day. To get cryptocurrencies like Bitcoin, users often look to mining pools. So what is Mining pool, here are the 3 best Bitcoin mining pools today.
What is mining pool?
Mining pool is a gathering place of miners, each miner contributes Hashrate to jointly mine Bitcoin blocks and divide profits according to the contribution ratio. Most mining pools charge a fee on the profit of each miner.
Mining Bitcoin, Altcoin is similar to lottery. If you have a 1TH computer and the Bitcoin Network’s total Hashpower is 1 Petahash, that means you have a 1/1000 chance of mining the block every 10 minutes. You don’t even have more than 10 minutes to mine each block.
If you join other miners in a mining pool, combine and work to mine blocks, the probability of you getting rewards will be higher. Your profit will be divided according to the Hashrate that you contribute to the Pool. If you have 1TH in a pool with a total of 100TH and this pool mines 20 Bitcoins, then you will get 1% profit equal to 0.2 Bitcoin.
Criteria for choosing a best mining pool
There are several criteria you need to consider when choosing a mining pool. First, you cannot mine all cryptocurrencies with the same mining pool. You should know that larger mining pools offer more frequent payouts than small mining pools. Next, make sure that the mining pool you want to download is stable or free.
The best mining pools
Below, I will list the 4 best mining pools that I recommend for miners.
Launched in 2010, Slush Pool was the first Bitcoin mining pool and certainly a pioneer in changing the way miners can get more coins. The project is based in the Czech Republic.
Slush Pool is described as a medium sized mining pool. One disadvantage of this mining pool is the fixed fee per transaction. The platform retains a 2% fee from every trading action.
In terms of withdrawing cryptocurrencies, a miner can customize the limit of the amount they want to withdraw. Friendly interface. All details are divided and structured. Even if Slush Pool is not the biggest Bitcoin mining service pool, it is still considered as one of the best.
Are you a Zcash enthusiast? Great, because Slush Pool also provides the opportunity to mine Zcash. For Zcash, you will not be charged for each transaction.
Since the launch of Slush Pool, over 1,000,000 BTC have been mined from all over the world. The platform guarantees users high security for your servers as well as wallet addresses due to 2FA authentication.
They also provide professional support 24 hours a day. You can download Slush Mining Pool from Slush Pool official website.
Antpool is a large mining pool, based in China. It was launched in March 2014 and is being supported by the world’s largest Bitcoin mining hardware manufacturer- Bitmain Technologies LTD. This mining pool accounts for approximately 20% of the network’s hashrate. As a result, Antpool becomes the largest mining pool at the global level.
The advantage of Antpool is that you can choose how to withdraw your coins. There are two possibilities: PPLNS (Pay Per Last N Shares) with no fees and PPS (Pay Per Shares) withholding a 2.5% fee per transaction.
Antpool also has a friendly interface suitable for newbies. The details are clearly organized, you can choose to have email alerts and wallet lock.
One disadvantage is that payouts are getting smaller and smaller because of Antpool’s large platform size.
F2Pool is another mining pool based in China. It was launched in 2013 and currently accounts for 9.5% of the total hashrate.
The mining pool works with a Pay Per Shares reward system and maintains a 4% fee per transaction, which is the main disadvantage of F2Pool.
Why do we recommend F2Pool as one of the best mining pools available today? Well, the advantage of F2Pool is the combination of more coins. These are: Bitcoin, Litecoin, Ethereum, Zcash, Siacoin and Dashcoin. With one software, you can mine all of these coins, subject to the rules of F2Pool of course.
Another advantage is that F2Pool has an English interface while other mining pools use Chinese.
You can start mining right now. Check out the official F2Pool website.
Binance Pool is a cryptocurrency mining pool of the Binance exchange. Binance Pool connects mining with financial services and takes advantage of the availability of the world’s No. 1 exchange to provide a low-cost Bitcoin mining service that offers many earning opportunities. than for miners.
Binance Pool supports both PoW (proof-of-work) and PoS (proof-of-stake) mechanisms using Binance technology and computing power. The platform will first launch Bitcoin mining service, then will support more cryptocurrencies and other services.