It is necessary to pay special attention to the choice of the mining pool, since it is its characteristics that will affect the amount of profit received from the investments. First, it is worth exploring the payment mechanism, commissions and other conditions for participation in the pool, as well as feedback from other users. It is better to opt for those services that have earned a positive reputation and are distinguished by stable work.
Below is a list of the world's largest mining pools based on the chart presented on blockchain.info:
So, consider some of the most famous pools on the Internet to make it easier to choose the right one.
1. BTC.com
The first place is taken by the pool for mining BTC.com. It currently accounts for more than 28,9% of the total global hashrate of the network. The service supports Bitcoin and Bitcoin Cash mining. Payments are made daily from 08: 00 to 15: 00 Beijing time with a minimum threshold 0,001 BTC.
The advantages are the availability of self-selection by users of the PPS reward system (receiving fixed payments for a share) or PPLNS (receiving remuneration by a member based on the calculation of the share sent to the pool for a certain period of time). The service periodically reviews commissions to the downside, which, as we can see, has a great effect on its relevance among the community of miners and puts it in place of the largest pool in the world.
2. Antpool
For today AntPool it boasts only the second place in the ranking of the world's largest mining pools, it accounts for 11% of the network hashrate. It belongs to the Chinese company-manufacturer ASIC Bitmain Technology. AntPool has servers all over the world. The service makes payments once a day, with a threshold in 0,001 BTC. Cryptocurrencies such as Bitcoin, Lightcoin, Ethereum, Ethereum Classic, ZCash, Bitcoin Cash and SiaCoin are available for mining. The pool supports all common payouts, including PPLNS and PPS. At the same time, the service offers one of the lowest commissions for miners, and also supports the Russian-language interface, which attracts users of the CIS countries.
3. Slush pool
Slush Pool was created in 2010, and before rebranding it was known as the Bitcoin Pooled Mining Server. Today, Slush Pool is the oldest active pool with an impeccable reputation. Currently, Slush Pool takes the third place in the list of the largest pools and processes about 11,8% of the total hash of the network.
The registration process is very simple, besides the pool has a Russian version. You can view the pool options through the demo. Supports Bitcoin and ZCash. The reward is calculated according to the Score method, which implies that the old balls (from the beginning of the block search) have less weight than the new ones. The minimum threshold is 0,001BTC.
The pool fee is 2%, which is slightly higher than some other pools. Despite the fact that Slushpool is not the largest today, it has earned credibility and is distinguished by the stability of work in the cryptocurrency space.
4. ViaBTC
Pool ViaBTC was founded in 2016 year and occupies a leading position in mining Bitcoin, Lightcoin and Dash. Provides professional mining services with very low commissions. It has a convenient interface with a high level of security, stability and transparency.
The main attractive feature of the platform is multicurrency, today the pool supports 6 cryptocurrencies, including Bitcoin. Payments are made on the PPS + system. Today, the share in the mining segment is 10,3%.
5. F2Pool
F2Pool provides services with 2013 year. Servers are located in both China and Hong Kong and the United States.
The hashrate F2Pool is hovering around 10%. This is a multicurrency pool, which offers loot Litcoin, Zerocoin, Ethereum, Siacoin, DASH, Monero and this is not the whole list. Payments are made every day at midnight on the basis of PPS with a commission of 3% with a 0,005 BTC threshold.
The site has a convenient and accessible interface, but "non-Chinese" users who have problems with the service, are encouraged to ask questions on the English branch of the BitcoinTalk forum.
The registration process in the pool can be a bit complicated, since you need to fill in Captcha, as well as verify your identity using SMS messages.
6. Kanopool
KanoPool has existed since 2014. Despite the small amounts of hashrate (0,2%), it occupies a separate niche in the mining space due to low commissions and simple setup.
In order to become a member of this pool, the user does not need to register, to start work it will be sufficient to enter a bitcoin wallet. KanoPool uses the PPLNS payout method. The commission for using the pool is 0,9%.
In addition, KanoPool is an active participant in the BitcoinTalk forum and responds very quickly to questions related to the activities of the pool.
Thus, for more simple and cost-effective mining, the best solution would be to choose the most suitable pool, and then it would not be difficult to extract profit from this business. The choice is yours!