After you’ve acquired your cryptocurrency mining hardware, the next step is to join a mining pool. While it’s totally possible to mine cryptocurrencies individually, there are a number of problems associated with that practice. Therefore, another rewarding way to mine is to join a mining pool. Mining pools consist of a number of cryptocurrency miners, collaborating with each other to work on one block. Each member is rewarded based on the amount of power they have contributed towards mining the block. Mining pools differ from each other in terms of reward methods, currency types, and fees. Based on that we have compiled a list of the best Mining pools of 2017, let’s get started with it.
World’s very first public Bitcoin Mining pool, Slush Pool started in 2010 with the name of Bitcoin Pooled Mining Server. Users can mine BTC for 2% fee and ZEC for free on Slush Pool. It also features two-factor authentication for extra security. Slush pool doesn’t bound the miners to mine a particular type of currency, rather the miners are free to choose the currency of their liking.
Give Me Coins evolved from Litecoin and Feathercoin Pools. A user can mine BTC, LTC, FTC, VTC, PPC, and DASH through this pool. BTC and LTC can actually be mined for free while the pool charges a 1% fee for the rest of the coins. One unique feature of Give Me Coins is that it allows miners to merge mine more than one currency.
An efficient mining pool with miners from all over the world. AntPool allows users to mine Bitcoin, Ethereum, and Litecoin. Miners can opt to get a reward on Pay per Share (PPS), Pay Per Last N Shares (PPLNS) or Solo basis.
With the aim of making bitcoin mining easier for everyone, Bitminter’s one of the oldest Bitcoin Mining Pool in existence. The pool started to operate in 2011, and since then roughly 450,000 miners have actually joined the pool for mining Bitcoin. The pool charges a 1% fees for mining Bitcoins.
Yet another multipool, offering miners to mine a large number of cryptocurrencies based on a variety of algorithms. However, ZPool makes payments in the form of BTC, BTCD, RADS, and VRC only. Miners don’t need to set up an account to get started as payouts are sent to BTC address they mine with. The poolschargee a 2% percent fee for mining. For all the balances above 0.01, payouts are made every 2 hours.
BTC Pool allows users to mine Bitcoins only. It’s run by Bitmain, the same company which created Antpool and manufactures the Antminer ASIC miners. They charge a 1.5% fee and miners are rewarded through Pay per Share method. The pool gives an advantage to longtime miners, as they can mine with no fees charged to them. They also have a unique block explorer, which allows them to gain a competitive advantage over other mining pools.
Launched back in 2012, Multipool offers users to mine a large number of different cryptocurrencies. Just like Give Me Coins, Multipool allows miners to merge mine several coins in combination with each other. The pool charges 1.5% fee for all the coins except Bitcoin Cash. Miners can mine Bitcoin Cash for no fees right now.
P2Pool is a different kind of mining pool, in a way that it is a decentralized mining pool which allows the users to choose either private or public node to mine on. However, the fees are subject to the type of mining pool users have chosen. The peer-to-peer nature of P2Pool makes is highly resistant to malicious attack, increasing its overall security compared to traditional pools.
DashMiner allows miners to mine a variety of currencies based on different algorithms. However, the pool only allows miners to mine with AMD Graphics Cards. Payments are made to users in form of DASH or BTC and the pool charges a 1% fee to miners.
A mining pool created by the developers of the Waterhole trading app, Waterhole enables miners to mine anonymously. The pool charges a 1% percent fee and operates on PayPerr Last N Shares (PPLNS) reward method.