Have you noticed that more people are searching for crypto mining pools than for mining machines lately? It’s not a coincidence.
As the cryptocurrency industry continues to boom, not just in price but in the number of users too, many see crypto as a fast-track path to wealth. And with this growing interest, crypto miners play a vital role in ensuring transactions run smoothly and securely across networks.
Now, if you’re one of those curious minds wanting to learn about crypto mining pools or even thinking about getting started, you’re in the right place.
So, keep reading, because we’re about to dive deep into the world of crypto mining pools!
Here are the Best Crypto Mining Pools
Binance Crypto Pool.
Yes, you heard right. Binance also has a crypto mining pool service that enables the user to get a higher profit by auto-switching hash rates to mine different cryptocurrencies with the same algorithm.
The Binance Smart Pool currently supports the SHA256 algorithm, meaning your hash rate can be flexibly used to mine BTC (Bitcoin), BCH (Bitcoin Cash), or BSV (Bitcoin SV), depending on which one is most profitable at the time.
We won’t go too deep into how it all works—Binance already provides excellent tutorials on setting it up. But if you’re looking for a reliable and user-friendly mining pool backed by a trusted name, Binance is a great place to start.
They said we guarantee the final income of users generated from the crypto mining pool in BTC, BCH, and BSV.
Binance has also launched an ETH mining pool! It supports the ETHASH algorithm, making it possible to mine Ethereum alongside other supported assets.
Read here about how to create a Binance mining account and its setup.
Bitcoin Pool.
Bitcoin.com also offers cloud and hardware mining features. Currently, cloud mining is out of stock, while hardware mining is available, and you can start mining with your hardware by joining the crypto mining pool; they offer BTC and BCH for mining.
This pool does not support CPU or GPU mining. To participate, you’ll need a Bitcoin ASIC miner capable of at least 300 GH/s, any model with that power will work.
If you look for income, it offers BTC-98% and BCH-98% reward generated from the block, and also extra block rewards come from transaction fees. For example, if the block reward bonus is 105%, the 5% comes from transaction fees.
The best thing about this crypto mining pool, you can set your account hash rate to mine either Bitcoin Cash (BCH), Bitcoin (BTC), or both on the “Auto-profit” pool, but it’s only for paid users.
OKex Crypto Mining Pool.
Do you think bitcoin is expensive for mining and not giving enough income for my work then try OKex one of the largest crypto exchange platforms?
On, OKex not just BTC, you can also mine 11 different coins by participating in the crypto mining pool. Like Binance they also offer guaranteed income on a daily basis.
To start with the OKex crypto mining pool, just create an account and connect your pieces of equipment. Below, you can see all minable coins listed in the OKex crypto mining pool.
Nicehash Bitcoin Mining Pool.
Looking to mine Bitcoin but don’t own expensive mining equipment? No worries you have options. You can start with CPU or GPU mining, and if your system isn’t powerful enough, you can go for contract-based cloud mining instead.
This platform supports a wide range of algorithms for ASIC miners and lets you mine popular coins like BTC, ETH, and LTC. Plus, with a low payout threshold of just 0.001 BTC, it’s easier to start earning faster.
Like we said, it also has cloud mining, so if you don’t have any crypto mining equipment, you can buy it on a contract basis.
Some cloud mining contract prices are given below, but remember that they vary according to the bitcoin price.
You can see all the actual prices here for cloud mining.
HuobiPool.
If we have talked about Binance and OKex, then how can we forget HuobiPool? It has a total of six coins, such as BTC, ETH, BSV, ETC, LTC, and DCR, listed in a crypto mining pool.
HPT-HuobiPool Token is the global ecological certificate of HuobiPool. It has opened up a new mining experience based on the global eco-certification of HuobiPool.
Minergate Crypto Pool.
If you are interested in crypto mining but not in bitcoin mining, then try mining Grin, Zcash, Monero, Bitcoin Gold, LTC, ETH, and ETH Classic with the Minergate crypto pool.
Minergate is CPU and GPU friendly, so if you don’t have crypto mining equipment, then try your computer devices and give it a kick start.
SlushPool.
How can you forget? SlushPool Mining is one of the oldest crypto mining pools and has mined over 1 million bitcoins since 2010.
On it, you can mine Bitcoin and Zcash with your ASIC machine. The payout amount is moderate, about 0.001 for both BTC and ZEC, while the pool fee is 2%.
SlushPool gives a demo account to its new users, so try it at least once (because it’s free) to see how a crypto mining pool dashboard works.
F2Pool.
Come and try one of the oldest and highest networks sharing in a crypto mining pool. Founded in 2013, F2Pool is one of the earliest mining pools and has established itself as a global leader in the crypto mining industry.
It supports over 40+ coins for mining, and that makes it a platform that has listed the highest mining cryptos.
ViaBTC Crypto Pool.
We are pretty sure you have heard about this crypto mining pool platform. It is one of the most popular mining pools among users and was established in 2016.
ViaBTC has served users from 130+ countries and regions with secure and professional services for cryptocurrency mining, resulting in coins worth billions of dollars.
The function of ViaBTC is great and offers you to mine over 15+ coins, including BTC, ETH, and BCH, with your mining equipment.
Like others, ViaBTC also has cloud mining for you at the lowest price among other cloud mining pools. It also has a VIP application pool that gives high hash rate speed and increases crypto mining income.
BTC Pool.
Another less-known bitcoin mining pool is owned by Bitmain. Supports multi-currency mining, multiple sub-account management, and easy management of observer link sharing.
Real-time display of comprehensive currency data allows for a faster grasp of mining trends. New interactive interface for a smoother user experience.
Supporting coins: BTC, BCH, BSV, ETH, ETC, LTC, DCR, DASH, ZEC, and CKB.
What is a Crypto Mining Pool?
There is a higher chance you have heard about Bitcoin mining, so crypto mining is a similar word to Bitcoin mining and applies to all minable cryptocurrencies.
In a simple word, crypto mining is the process of creating new coins (only minable coins) by solving a hard computational and arithmetical problem.
On the other hand, Bitcoin mining is performed by high-powered computers that solve complex computational math problems; these problems are so complex that they cannot be solved by hand and are complicated enough to tax even incredibly powerful computers. Here, read more.
But we are looking at a crypto mining pool, so mining pools are groups of people or companies that want to share some block rewards with the person who has contributed to mining.
Crypto Mining Methods.
There are a few methods, or, you can say, crypto mining ways. But if you look for popular ways of crypto mining, then there are four ways.
Cloud mining.
Cloud mining is a process where you pay someone (most often a big corporation) a specific amount of money and “rent out” their mining machine.
This is the easiest way to start crypto mining, in which you don’t need any types of equipment but have to pay a large amount. This crypto-mining method is for a person who doesn’t know any technical work or about blockchain.
This method is the most popular because it doesn’t require any types of equipment, house space, electricity bills, or maintenance. Just buy a cloud mining contract and watch.
CPU mining.
If you have a computer or laptop, then this is for you. Ooh! Wait, so you can earn money with your PC by crypto mining. The answer is hell no. Why? Because it is one of the slowest crypto mining methods, and also because your PC is not made for this.
You can start mining on your PC to earn a few dollars, but for a few dollars, you have to burn your PC. So we will suggest that you not do this. Cryptoswami.com does not suggest to use this method.
GPU mining.
This crypto-mining method is popular among users who want to manage mining with their own hands. In GPU rigs utilize graphic cards to mine cryptocurrency.
This method is costly, especially GPU rigs and other things such as electricity bill, warehouse bill, setup cost.
ASIC mining.
Means Application-Specific Integrated Circuits. It is an advanced method of GPU mining.
Conclusion.
Stay away from platforms offering free crypto mining and 100 percent payment guarantees; those are totally scams. You can try cloud mining, which is cheaper than GPU and ASIC crypto mining.
Which method is best for crypto mining?
Of course, GPU mining may be costly but effective too. You can also go for cloud mining, but be careful when choosing crypto mining platforms because you have to spend thousands of dollars, and a mining platform will take a few minutes to disappear.
Is crypto mining profitable?
There are lots of criteria to consider when choosing a crypto mining pool, such as pool fees, payouts, pool transparency, stability, and many more.
Is it worth mining bitcoin?
Yes, many people believe bitcoin mining is profitable, but it gets more complicated because the difficulty of bitcoin mining is increasing day by day. The all-time high mining difficulty of bitcoin was in March 2020.
Read here if it is worth mining bitcoin or not.