When mining crypto, many choose to do so in pools. A cryptopool allows you to combine your computing power with other miners to increase your 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 to make 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 bit overwhelming. Choosing a mining pool can be drastically simplified by having a list of tips to keep in mind.
One of the most important things to note is pool fees. Mining pools often charge fees to members in order to receive consistent mining rewards. But these fees can vary quite drastically. So make sure that the fee of a given pool does not take a large part of your profit.
You should consider the reward structure of any pool you are considering joining. Mining pools distribute rewards differently, which can affect how much you can earn. So make sure you know what kind of payment structure your selected committee has chosen.
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 types of mining hardware on F2Pool, including ASIC miners and GPUs.
Depending on the pool you choose to join the F2Pool platform, the overall hashrate will vary. For example, F2Pool’s Litecoin pool currently offers a hash rate of 63.79 TH/s, while the 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 example, the fee is 2.5%. Note that F2Pool’s fees can be a bit high at times.
F2Pool also offers a smartphone app for iOS and Android devices.
Download: F2Pool for Android | iOS (free)
ViaBTC’s platform offers various services, the most popular being the mining pools. It’s quick and easy to register 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 buy 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 payment per share, the fee is 4%. For payment per last-n shares, the fee is 2%. So note the payment structures your chosen pool uses on ViaBTC so you know what fees you will incur.
ViaBTC also has a free smartphone app that can be used on Android and iOS devices.
Download: ViaBTC for Android | iOS (free)
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 huge pool provider that only offers a mining pool for Bitcoin. The platform began as SlushPool in 2010, but was renamed to Braiins Pool in mid-2022. On top of this, Braiins Pool decided to shut down the ZCash mining pool in August 2022.
Braiins Pool is only suitable for Bitcoin mining, but it is still a solid choice. Braiins Pool currently offers 12.28 EH/s and charges users a fee of 2-2.5%. However, if you use Braiins OS+, the platform’s auto-tuning firmware, you can enjoy a 0% mining fee in your Bitcoin pool. You can easily register for Braiins Pool by creating a username and password.
Braiins Pool has its own smartphone app for Android and iOS, although it’s still called SlushPool for now.
Download: SlushPool for Android | iOS (free)
BTC.com allows you to mine a variety of cryptos in a pool, including Bitcoin, Litecoin and Bitcoin Cash. This platform offers 24/7 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 need to provide a few details, such as your phone number, for verification. But the process is simple enough and won’t take much of your time.
BTC.com charges a fee of 1.5%, which is not too bad for a mining pool. You can also mine on the go using the platform’s iOS and Android smartphone apps.
Download: BTC.com for Android | iOS (free)
Binance is not only one of the world’s leading crypto exchanges. It also gives users the ability to mine in pools under the 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 guides. However, Binance’s pools differ in their payment structures, so keep this in mind when choosing a pool to participate in. Binance Pool’s fees also vary and can range from 0.5% to 0.25%.
You can access the Binance Pool through your standard Binance account. Note that this platform requires ID verification upon registration. While the Binance app now includes a mining pool wallet, there is no dedicated app made for mining through the Binance Pool alone.
Poolin is a Chinese platform that offers mining pools for Bitcoin, Ethereum Classic, Litecoin, ZCash and more. Again, hash rates vary depending on the pool you’re in, as well as the rewards you’ll be eligible for. The payment structure at Poolin also varies depending on the pool you are in, so check these features before signing up.
Poolin offers daily rewards for a consistent income stream, although it does not offer customer service like many other mining pool platforms. But the site has a help center that you can check out if you have any questions or problems.
Poolin’s fees depend on the pool you’ve chosen to join, but typically range from 2-4%. You can also use Poolin’s Android and iOS smartphone apps to check your stats wherever you are.
Download: Poolin for Android | iOS
Crypto Mining can be a profitable venture for you
Millions of people worldwide are currently generating a main or side income via cryptocurrency mining. Although the venture has potential risks and downsides, it can bring you healthy profits depending on the hardware you use and the crypto you choose to mine. So if you are interested in trying this out, check out the platforms listed above to find a reliable mining pool that you can trust.
