Bitcoin Mining Pools are groups that are organized by a third party and manage hash power from miners. So miners around the world agree to share block rewards according to their contributed mining hash power. So miners can direct their hashing power to another mining pool at any time. Finding a good Bitcoin mining pool can save you money. Here we will review the best Bitcoin mining pools but before we do that, let’s take a look at pool distribution:
Shutdown process for users in China
If you live in China, please make sure that this pool is not running a shutdown process for users in China before you start working with the pools listed below. For example, f2pool has started this process:
f2pool will shut down operations in mainland China by the end of 2021. Due to the recent development in local regulation, f2pool has previously ceased providing mining pool services in mainland China. We plan to complete the shutdown process to users in China, excluding Hong Kong, Macau, and Taiwan, by 2021-12-31 16:00 UTC. If we detect a user is from mainland China, the account will become inaccessible to the mining pool services within 14 days. Also f2pool has previously ceased services in Burundi, Central African Republic, Congo, Cuba, Iraq, Iran, North Korea, Lebanon, Libya, Sudan, Somalia, South Sudan, Syria, Yemen, and Zimbabwe.
Source: f2pool
F2Pool
F2Pool is one of the best Bitcoin mining pools based in China and was launched in 2013 in Beijing and mines about 17% of all blocks. The platform is available in several languages including English, Chinese, and Spanish. F2Pool is known as the Bitcoin and Ethereum mining pool and supports the following cryptocurrencies:
- Bitcoin
- Ethereum
- Litecoin
- Monero
- Bitcoin SV
- Bitcoin Cash
- And…
F2Pool is the largest mining pool with features such as HTTPS protocol, wallet lock feature, modern technology, daily payouts, support different languages, having over 17% of mining power in Bitcoin, and … It has become one of the most popular mining pools in the world. Also available for iOS and Android platforms.
Advantages
- Supports 40+ digital currencies
- Multi-language support
- daily payments
- Extraordinary security
- live chat
Disadvantages
- high mining cost (4%)
Antpool
This pool was established in March 2014 and is based in China and mines about 16.5% of all blocks. Antpool, as the best Bitcoin mining pool, also allows you to mine and trade cryptocurrencies. In terms of security, Antpool has been able to create good security for its users with features such as email alerts, wallet locks, etc. If your balance is more than 0.001 Bitcoin, your payments will be made daily. Antpool is managed by Bitmain Technologies Ltd and you can mine the following cryptocurrencies in Antpool:
- BTC
- BCH
- LTC
- ETH
- DASH
- ETC
- …
Advantages
- PPLNS (0% fees) and PPS reward types
- Create different notification services
- Support for iOS and Android
- Good security
Disadvantages
- Owned by Bitmain Technologies Ltd (centralized)
Binance Pool
This Pool is one of the most popular Bitcoin mining pools owned by Binance Exchange. Binance Exchange is one of the largest cryptocurrency Exchanges and Binance pool mines about 9% of all blocks. This pool currently uses POW and POS mechanisms for mining. You can mine the following cryptocurrencies in the Binance pool :
- BTC
- BSV
- BCH
Advantages
- Daily payouts
- 24-hour support
- Compatible with iOS, Android, PC operating systems
- Excellent security
Disadvantages
- Mining only 3 cryptocurrencies
- It is difficult for beginners
Slush Pool
The Slush Pool, run by Satoshi Labs, originally known as BPMS or Bitcoin Pooled Mining Server, lets you mine ZEC and BTC. Slush Pool was created on November 27, 2010, and with 1,277,275 BTC mining, it is one of the oldest Bitcoin mining pools. Slush Pool mines about 4.5% of all blocks. This platform provides a set of security tools such as 2-factor authentication, wallet address locking, etc. to protect its users and in terms of security, it performs well. Slush Pool receives a 2% Fee, also available for iOS and Android and you can have an overview of your dashboard with your mobile phone or receive notifications for your events.
Advantages
- 24-hour support
- The oldest Bitcoin mining pool
- Excellent user interface
- Excellent security
Disadvantages
- High fees
BTC.com
BTC.com mines about 9% of all blocks and were created in 2015. This pool has its own wallets and site and is available in Europe, the USA, and China. Also, uses Cloudflare technology to prevent DDoS attacks. Also available to users in a variety of languages, including English and Russian, and has an FPPS (Federal Personnel and Payroll System) payment system. You can mine the following cryptocurrencies in BTC.com:
- BTC
- LTC
- BCH
- ETH
Advantages
- Good user interface
- Excellent security
- Available worldwide
- Transparent fees
Disadvantages
- There is no live chat support
ViaBTC
ViaBTC can be introduced as a successful BTC mining pool created in 2016. Also, ViaBTC mines about 11.5% of all blocks, and you can mine cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin in this pool. Also In the fees section, 4% fee is charged for the PPS payment system and also 2% fee for the PPLNS.
Advantages
- Transparency
- Daily payments
- Good security
- Two-factor authentication
- IOS and Android support
Disadvantages
- Only supports tickets
Poolin
Poolin pool is located in China and mines about 8.5% of all blocks. It was also started by the founder of BTC.com. This pool is in China but supports English, Japanese, Russian, Arabic, and Spanish, etc and it is available to all people of the world. In Poolin, the minimum payout is 0.001 Bitcoin. Also with Pushtx, you can reduce the number of unconfirmed transactions by using fee bumping. You can mine the following cryptocurrencies in Poolin:
- Bitcoin
- Bitcoin Cash
- Ethereum
- Litecoin
- ZCash
- …
Advantages
- Available worldwide
- Hash Rate alarm
Disadvantages
- High fee (2.5% FPPS BTC mining fee)
Conclusion
The introduced pools are all among the best Bitcoin mining pools and have different features for their users. Please enter the world of mining with enough information and knowledge. If you do not have enough information about GPU crypto mining, you can get complete information here.