13 Best Mining Pools for Cryptocurrencies (Updated for 2023) | ZenLedger
If you are a crypto miner, you can use your personal computer to earn some extra dollars. It can be a pretty good side gig to generate passive income depending on your computer’s power. Mining can be seen as the lifeline of the crypto world.
Miners use their systems to validate ongoing transactions and in turn receive crypto tokens as a reward. Simply put, miners solve complex mathematical problems to validate transactions. In this process, the miners trade their computing power and electricity to receive a block reward. A block reward is an incentive for the miner to help sustain the blockchain technology behind cryptocurrencies.
So, if you are interested in crypto mining, we have curated a list of the best crypto mining pool options that are highly trusted and are highly profitable as well. Let’s get into it.
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Best Crypto Mining Pools For Cryptocurrencies
1) Binance
Binance offers more than 150 cryptocurrencies and is considered one of the best platforms to create a Bitcoin wallet. Also, it provides an application programming interface (API) that allows you to integrate your current trading application.
Pros:
- Offers 24/7 support
- Compatible with Android, iOS, Web, and PC clients
- Offers basic and advanced exchange trading interfaces.
- Earnings are credited daily.
Cons:
- Not beginner-friendly
- Does not support all traditional payments.
Key Specs:
- Pool Size: Big
- Active Workers: 610999
- Pool hash rate: 23.86 EH/s
- Minimum payout threshold: None for ETH mining
- Pool fee: 2.50 percent
- Payout Frequency: Daily
2) ChickenFast
It is a bitcoin mining pool that functions on the cloud. ChickenFast uses a special algorithm that changes computer power to the most profitable digital currency automatically and in real-time.
It has an AI-guided selection method that picks the most profitable algorithm for you. Even though it used a high-tech design, it is the easiest and most straightforward mining process available on the market.
Pros:
- Environmentally friendly mining
- The firm handles everything after the customers sign the contract
- Statistics are available 24/7
- Excellent customer service
Cons:
- 1-year minimum contract duration
- Takes 24 hours to process withdrawal
Key Specs:
- Minimum Investment: $250
- Supported Platforms: Android, iPhone, and iPad devices.
- Minimum Payouts: 0.01 Coin
- Supported Coins: BTC, ETH, BCH
- Payout Frequency: Daily
3) Slush Pool
Slush Pool is one of the best Bitcoin mining pools and lets miners mine ZCash and Bitcoin easily. The platform offers robust security to keep your data secure on the cloud. The platform is supported by both Android and iOS and is one of the largest mining pools equipped with sending notifications if some issues arise. Slush Pool has API functionality to pull custom data from the system.
Pros:
- Mobile phone mining is available
- 24/7 customer support.
- Helps you to minimize losses due to hardware failure and connectivity issues.
- Offers a VIP solution for a large-scale mining operation.
Cons:
- Not a large selection of coins
- High fees
Key Specs:
- Pool Size: Medium-Large
- Active Workers: 191 725
- BTC pool hash rate: 12.33 EH/s
- Minimum payout threshold: 0.001 BTC
- Pool fee: 2%
- Supported Platforms: Android, iOS, PC, Web
- Payout Frequency: Daily
4) F2pool
It is one of the best mining pools used to discover blocks by using your computational power. You can use this platform to trade Bitcoin on its Android and iOS applications. F2Pool is available in Spanish, English, and Chinese.
Pros:
- Supports more than 40 digital coins
- Offers easy live chat support
- Can prevent DDoS attacks
Cons:
- High fees for mining
Key Specs:
- Pool Size: Medium-Large
- Pool fee: 2.5%
- BTC pool hash rate: 25.81EH/s
- Supported Platforms: Android, iOS, PC, Web
- Minimum payout threshold: 0.005 BTC
- Payout Frequency: Daily
5) Pool BTC
This Bitcoin mining pool allows you to mine with minimum effort. The platform is available in languages such as Russian, Spanish, Japanese, French, and more. Moreover, Pool BTC has its own payment system called Federal Personnel and Payroll System (FPPS).
Pros:
- Offers easy digital coin management.
- Easy account registration
- Supports both BTC and BCH
- Easy Bitcoin purchase from your wallet.
Cons:
- No live chat support.
Key Specs:
- Pool Size: Large
- Pool fee: 4%
- BTC pool hash rate: 12.810 EH/s
- Supported Platforms: Android, iOS, PC, Web
- Minimum payout threshold: 0.005 BTC
- Payout Frequency: Daily
6) ViaBTC
ViaBTC is one of the best mining pools because it offers BTC, BCH, and LTC mining pools. With this platform, you can get the real-time status of the miners. ViaBTC offers multiple settlement methods and mining forms. With its intuitive dashboard, you can see the miners and mining pool hash rate.
Pros:
- High mining revenue
- Reliable mining tools
- Offers crypto mining packages such as Bitcoin, Ethereum, Monero, and DASH
- Offers numerous payment methods
- Protects your earnings with high-security standards.
- Easy mining dashboard access from Android, and iOS devices.
Cons:
- Need to raise tickets for customer support
Key Specs:
- Pool Size: Medium
- Minimum payout threshold: 0.001 BTC
- BTC pool hash rate: 20.32EH/s
- Pool fee: 2 percent for PPLNS Payment Method and 4 percent for PPS
- Supported Platforms: Android, iOS, PC, Web
- Payout Frequency: Daily
7) Antpool
Antpool can be considered one of the best Bitcoin mining pools as it allows you to mine and trade crypto tokens with ease. The platform offers you a dashboard to view your earnings and also offers SMS, app, mail, and WeChat alert services. AntPool also helps you monitor your minute-by-minute hash rate.
Pros:
- Supports various earning modes.
- Easy access from Android and iOS devices.
- Real-time hash rate monitoring
Cons:
- No user-friendly UI
Key Specs:
- Pool Size: Medium
- Pool fee: 0 percent for PPLNS and 4 percent for PPS+
- BTC pool hash rate: 30.5EH/s
- Minimum payout threshold: 0.005 BTC
- Supported Platforms: Android, iOS, PC, Web
- Payout Frequency: Daily
8) Poolin
With Poolin you can mine Bitcoin and several other cryptocurrencies. You can also use this platform to easily invest in Bitcoin, Ethereum, Bitcoin Cash, ZCash, and Litecoin.
Pros:
- Offers worldwide access
- Decent customer support
- Offers hash rate alerts
- Provides a calculator to calculate your earnings
Cons:
- High fee
Key Specs:
- Pool Size: Large
- Pool fee: 2.5% FPPS
- BTC pool hash rate: 23.59 EH/s
- Minimum payout threshold: 0.005 BTC
- Supported Platforms: Android, iOS, PC, Web
- Payout Frequency: Daily
9) Genesis Mining
Genesis Mining is one of the best mining pools that offer to mine for hobby miners, newcomers, and large-scale investors. The platform provides an easy way to mine cryptocurrencies.
Pros:
- No prior experience needed
- Offers a wide range of pricing plans.
Cons:
- Less profitable as more and more miners join
Key Specs:
- Pool Size: Small- Large
- Pool fee: Based on mining plan type
- Minimum payout threshold: 0.0015 BTC
- BTC pool hash rate: Not available
- Supported Platforms: Cloud Mining
- Payout Frequency: Daily
10) BW
It is a crypto mining pool but it also allows its users to trade Bitcoin easily. The BW platform also supports several digital tokens such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and more. With the BW app, you can perform instant transactions from Android and iOS.
Pros:
- Supports various earning modes.
- Available in languages such as English, Malay, Korean, Dutch, Greek, Arabic, and more
- Easy to monitor the prices of digital coins
Cons:
- Customer support only via Email.
Key Specs:
- Transaction Fees: 0.2%
- Pool Size: Medium-Large
11) Ckpool
The CKpool platform connects to low latency, high-speed Bitcoin nodes for fast block change propagations and notification. Moreover, you can avoid the cost of running a full Bitcoin node that takes a lot of storage space.
Pros:
- No need to download the blockchain or run a code
- You can mine solo
- Takes your Bitcoin wallet address automatically and helps you mine easily
- Multiple earning modes.
Cons:
- Poor UI
Key Specs:
- Pool Size: Large
- Pool fee: 2%
- Pool hash rate: Not available
12) WinMiner
This mining software allows you to mine cryptocurrency with ease. It has an automated trading platform used by various crypto exchanges. You can use this platform to exchange cryptocurrencies and convert them into fiat or Amazon gift cards.
Pros:
- Supports several earning modes.
- Easy and quick payout methods.
- Free ETH Pool
- Supports several crypto denominations
- Only an email address and software installation are required to begin mining.
Cons:
- No mobile support
- Does not support a few coins
Key Specs:
- Pool Size: Large
- Fee: 3%
- BTC pool hash rate: Not available
- Payout Frequency: Anytime
- Minimum payout threshold: Min amount of $20
- Supported Platforms: Windows and Linux
13) Minergate
With the Minergate crypto mining software, you can mine with either a CPU or a GPU. You can use the platform to trade different coins like Litecoin, Bitcoin Gold, ZCash, Ethereum, and more. You don’t have to invest in expensive hardware to mine with Minergate.
Pros:
- Easy to join
- Numerous earnings modes
- Good customer support
- Safety while depositing coins in your wallet
- It can determine a profitable coin for mining automatically
- User-friendly interface
- Purchase Bitcoin securely via a Debit or a Credit card
Cons:
- Customer support via only email is good
Key Specs:
- Pool Size: Large
- Fee: 1% PPLNS
- ETH pool hash rate: 6.384MH/s
- Supported Platforms: Windows
- Minimum payout threshold: 0.001 ETH
- Payout Frequency: Daily
Final Thoughts
Crypto mining is one of the best ways to earn some passive income. It not only keeps the blockchain network running smoothly but also helps the circulation of cryptocurrencies. While some mining pools require a lot of computational power, these best mining pools do not need expensive hardware to mine Bitcoin or other digital coins.
Best Mining Pool FAQs
1. What are Bitcoin Mining Pools?
Bitcoin mining pools are organized and operated by third-party groups to maintain the hash power from miners across the globe. The pool shares the Bitcoin earned in ratio to the contributed hash power into the pool.
In crypto mining pools, miners merge their resources to effectively mine together. When these pools earn Bitcoin, they split the reward. The splitting of the reward depends on the resources contributed by the miner. Thus, if a miner uses more power, they can earn more from the pool.
2. What are the best Bitcoin Mining Pools?
Following are some of the best Bitcoin Mining Pools:
3. Do you need Bitcoin Wallets?
Yes, when you mine Bitcoin, you need a Bitcoin wallet. The mining pools will ask for your Bitcoin address as it will be used to send you payouts and rewards. Other mining pools that help you mine other cryptocurrencies such as Litecoin or Ethereum, will ask for their respective wallet addresses.
4. Why are miners important?
With the Bitcoin mining process, the miner adds transactions records to the blockchain. Enormous computing power is needed to execute this record-keeping process.
Every Bitcoin miner contributes to the decentralized peer-to-peer network to ensure that the blockchain network is trustworthy and secure. A blockchain network is a decentralized P2P network that is also a distributed ledger. It has no central authority and the miner’s network records, processes, and validates the transactions.
These transactions are completely transparent, but the personal data is anonymous. Miners are the ones who validate the blocks of transactions to get rewards. When a transaction block is added to the ledger, a new BTC is introduced to the network. So, the miners not only secure the blockchain network but also validate the transactions. To ensure that the blockchain network is working properly, miners work constantly on the network.
5. Is the Bitcoin mining pool profitable?
Bitcoin mining on your own can be expensive as it requires pricey hardware, but with a mining pool, you can earn decent profits. Joining a mining pool increases the possibility of earning a reward because the mining difficulty increased with every coin awarded. Thus, unless you have a state-of-the-art ASIC miner, you should join a Bitcoin mining pool.
6. How safe is Bitcoin mining?
Bitcoin mining is as safe as the pool you join. Sometimes, there are crypto-mining malware that can harm your system performance and open up user and business information for theft.
