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If you want to earn a passive income, here are some of the best mining pools for cryptocurrencies updated for the year 2023
For those involved in cryptocurrency mining, utilizing your personal computer can provide an opportunity to earn additional income. The potential for passive earnings through this side hustle depends on the capabilities of your computer. It’s worth noting that mining plays a crucial role in the crypto world, as miners validate transactions and receive rewards in the form of crypto tokens. To validate transactions, miners utilize their computing power to solve complex mathematical problems.
This process requires the consumption of electricity and computing resources, and in exchange, miners receive block rewards. These rewards serve as incentives to sustain the blockchain technology that underpins cryptocurrencies.
If you’re interested in mining cryptocurrency, we’ve compiled a list of highly reputable and most profitable mining pools for your consideration. Let’s delve into the best mining pools.
15 Best Crypto Mining Pools For Cryptocurrencies
1) Binance
Binance is a popular cryptocurrency exchange platform that offers access to over 150 cryptocurrencies for trading, buying, and selling. It also offers a built-in cryptocurrency wallet for storing and managing cryptocurrencies, including Bitcoin. For this reason, it is one of the best mining pools for beginners. Additionally, Binance provides an API that allows developers to integrate their own trading applications with the Binance exchange platform, making it a versatile tool for traders and developers alike.
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
ChickenFast is a cloud-based Bitcoin mining pool platform that utilizes a unique algorithm to automatically convert computer power to the most profitable digital currency in real time. With its AI-guided selection method, it picks the most profitable algorithm for you, making it a high-tech yet user-friendly mining process. This puts ChickenFast among the best mining pool for beginners. Despite its advanced design, ChickenFast is the simplest and most straightforward mining option available in 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 the 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 pool platforms 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
F2Pool is among the top 5 of our mining pool list as it leverages your computational power to uncover blocks. Apart from mining, you can also use this platform to trade Bitcoin using its Android and iOS applications. F2Pool offers language support in Spanish, English, and Chinese, making it more accessible to a wider range of users.
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 the 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, giving it a spot in our mining pool list.
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 mining pool profitability 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 one of the best crypto mining pools 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 notifications. Moreover, you can avoid the cost of running a full Bitcoin node that takes up a lot of storage space, making it one of the best mining pools.
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, making it one of the most profitable mining pools
- 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
14) PEGA Pool
PEGA Pool is one of the best mining pools that supports multiple algorithms, including Ethash, Equihash, and X16Rv2. The pool is operated by PEGATRON CORPORATION, a Taiwan-based electronics manufacturing company. PEGA Pool allows miners to connect their mining hardware to the pool’s servers, increasing their chances of finding and validating blocks and earning rewards in cryptocurrency.
Pros:
- An easy-to-use dashboard that provides real-time statistics and other useful information.
- Charges lower fees compared to some other mining pools
- A good track record of making accurate and timely payouts to its miners
- Offers a referral program that allows miners to earn additional rewards by inviting others to join the pool.
Cons:
- Relatively new, which could potentially make it less established or reliable.
- Not a lot of information is available about PEGA Pool online
- Its community is not as large as some other pools, making it one of the best mining pools for small miners.
Key Specs:
- Algorithm support: Ethash, Equihash, X16Rv2
- Fees: 0.9% fee for Ethash, 1% fee for all other algorithms
- Minimum payout threshold: 0.01 ETH, 0.001 BTC, 0.1 LTC
- Payout frequency: Every 4 hours
- Referral program: 0.25% of referred miner’s hashrate
- Server locations: Asia, Europe, North America, South America, Australia
15) KanoPool
KanoPool is a Bitcoin mining pool that was launched in 2014. It is known for its user-friendly interface, low fees, and reliable payouts. Here are some pros and cons of using KanoPool, as well as key specifications:
Pros:
- A clean and easy-to-use dashboard
- Low 0.9% fee, which can help increase your overall earnings.
- Has a good reputation for reliability and uptime
- Industry-standard security protocols to protect miners’ earnings and personal information.
- Allows miners to choose their preferred payout method, which makes some of the best mining pools for small miners.
Cons:
- Limited coin support
- Not a lot of information is available about KanoPool online
Key specs:
- Coin support: Bitcoin, Bitcoin Cash, Litecoin
- Fees: 0.9%
- Minimum payout threshold: 0.001 BTC, 0.01 BCH, 0.1 LTC
- Payout frequency: Every 6 hours
- Payout methods: Bitcoin, Bitcoin Cash, Litecoin
- Server locations: North America, Europe, Asia
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 pool, you can earn decent mining pool profitability. 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.
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