Top 10 Bitcoin Mining Pools to Join in 2019
Bitcoin mining is getting more and more competitive every day. Whereas before, it was possible to mine Bitcoins by yourself, just with a graphics card, nowadays the competition is just too high. Not only does mining require special computers built for the exact purpose of mining Bitcoins, but you also have to join a pool if you want to secure some kind of profit. Even if you have an extremely powerful rig, the chances that a standalone miner will find a block are almost 0, considering how money computers are working on the same thing all around the world. If you’re just planning to become a Bitcoin miner now, you will have to do quite a bit of research on what mining pools you can join to make the most out of Bitcoin mining. Here’s some we found reliable:
Antpool is the biggest Bitcoin mining pool at the moment. Based in China, Antpool found its first block in 2014, and it’s currently said to find between 20-25% of all the blocks in the Bitcoin network. More than that, they are known to find around 15 blocks per day – pretty juicy if you ask us. Anyone can join Antpool regardless of where they are based in the world, but their fees are pretty high. Although they charge no fees for PPLNS, Antpool takes a 2.5% transaction fee for PPS payouts.
Slush Pool prides itself on being the oldest Bitcoin mining pool, which was founded in 2010 and has mined over 1 million Bitcoins already. Nowadays, it controls around 4% of the amount of blocks found daily. For a flat fee of 2% per payout, you can join Slush Pool and start mining. It’s not as big of a community as Antpool, which means there’s probably a chance of cashing a little bit more. Another advantage is that they let you withdraw your gains from as little as 0.0001 BTC, something you won’t come across too often.
BTCC is another Chinese giant that currently controls about 15% of the world’s hash rate. It also serves as a Bitcoin exchange and a wallet, which makes it a bit more convenient for newbies that would prefer to have everything in the same place. However, the main disadvantage of BTCC is that their mining pool’s main language is Chinese – so if you don’t speak it fluently, you might have a hard time. But in case you do, their PPS fee is just 2.0%
Yet another Chinese mining pool, DiscusFish or F2Pool is a rather recent presence in the mining scene, Despite that, they are already mining around 5% of the Bitcoins in the network – a pretty impressive stat for only being in the business for so long. They charge a 3.0% fee for their PPS payments, and they also mine altcoins, including Ethereum, Litecoin, and Dash.
Bitminter is a pool based in the US, who used to be way more active in the mining in the past than it is now. However, it still controls around 1% of the Bitcoins mined daily and has already mined over 190k Bitcoins as of December 2017.Bitminter uses a rather uncommon today system of payment, which is PPLNSG (pay per last n groups), as the pool uses the group or shift system to reward its miners.
Also known as just Kano, or Kano CK, the pool offers an interesting feature that is solo miner payments, which offers you the opportunity to cash in the whole payout with just a 1.5% if your computer happens to find a block by itself. However, if you’re aware that that might never happen, you can also opt for their PPNLS system, which charges 0.9% fees.
Based in the Netherlands, GHash is a small Bitcoin mining pool with 0% fees for their customers. They have a pretty impressive block finding rate, at roughly 22 blocks per day, so the chances of you actually making some good profits are pretty high. On the other hand, you do need quite a bit of hash power – tens of terrahashes to be exact, to make a decent profit. GHash pays on a PPNLS basis.
Eligius is another mining pool based in the US. A fairly young and small one, which means there’s a lot of potential for bigger profits. The miners are paid on a CPPSRB (Capped Pay Per Share with Recent Backpay) base, and the pool does not charge any fees. However, you can only withdraw your gains from 0.04 BTC, so you might have to mine for a while before making it rain with real money.
Launched in 2011, Multipool is based in both the States and EU. They offer merged mining – in other words, you can use the same platform to mine both BTC and a lot of altcoins, including LTC, DASH, and more. They don’t participate in Ethereum mining though, so might not be the best choice if you want to mine both BTC and ETH. Multipool pays on a Score basis, meaning the more time your computer spends on looking for the block. There’s a 1.5% fee for all mined currencies except Bitcoin classic, which is currently at 0% fees.
Polmine is a small Bitcoin mining pool based in Poland. It’s mostly targeting a European audience and has a very friendly English interface. It is responsible for around 2% of the blocks mined daily, which is pretty impressive considering the size of the pool. They support Bitcoin mining, but also Litecoin, Dogecoin, and Namecoin. They pay on a PPS base and charge a 1% fee on all transactions.
These were 10 Bitcoin mining pools that you can join as a beginner miner in 2018. And while it can be hard to predict whether you are going to make a profit as a member of any of these pools, it won’t hurt to try – at least you know for sure your chances are higher as a pool member than as a standalone miner!