There are a lot of new cryptocurrencies on global marketplace. The digital technology is growing hour by hour, day by day. To get digital currencies a user should install mining pools. These are hardwares that consume a huge power of your computers or servers. The hardware provides blocks that are actually different mathematical puzzles ready to be solved.
Criteria for choosing a mining pool
There are some criteria you need to look after when choosing a mining pool. First, you can’t mine all the cryptocurrencies with the same mining pool. You should know that bigger pools provide more often payments than the smaller ones. Next, make sure if the mining pool you want to download retains or not fees.
3 Best Mining Pools
Below, I will list the best three mining pools I recommend to miners.
The Slush Pool is described as a medium-sized pool. A disadvantage of the mining pool is the fixed fee for each transaction. The platform retains a 2% fee from every trading action, which further is shared with miners.
In terms of withdrawing the digital currencies, a miner can customize the limit of the amount she or he wants to cash out. The interface seems to be very friendly. All details are divided and being structured. Even if the Slush Pool is not being the largest pool of Bitcoin mining services, it is considered to be one of the best.
Are you a Zcash passionate? Great, because the Slush Pool also offers the opportunity to mine Zcash cryptocurrency. For Zcash you will not be charged per every transaction.
From the beginning of Slush Pool’s existence, there are registered over 1.000.000 Bitcoins mined from all over the world. The platform assures users that servers are highly secured as well as your wallets addresses due to the two-factor authentication.
They also provide professional support 24 hours per day. You can download the Slush Mining Pool from the official website of Slush Pool.
Antpool is a large-sized mining pool, based in China. It was launched in March 2014 and is being supported by the largest Bitcoin mining hardware manufacturer in the world, called Bitmain Technologies LTD. The mining pool operates approximatively around 20% of the hash rate network. Due to this, Antpool became the biggest mining pool at a global level.
The advantage of Antpool is that you can choose how to withdraw your cryptocurrencies. There are two possibilities: PPLNS (Pay Per Last N Shares) that has no fees and PPS (Pay Per Shares) that retains a 2.5% fee per transaction.
Antpool has also a friendly interface that beginners will appreciate for sure. The details are organized, you can choose to have email alerts and wallet locks.
One disadvantage is that payouts become to be smaller because of Antpool’s big size platform.
F2Pool is another stronger mining pool, based in China. It was launched in 2013 and today has a 9.5% hash rate at the time when the article was written.
The mining pool operates with Pay Per Shares reward system and retains a 4% fee per each transaction, which is the main disadvantage of F2Pool.
Why do we recommend it as one of the best mining pools even if it’s not the largest one? Well, its advantage is that the F2Pool is the stronger mining pool that combines more cryptocurrencies. These are: Bitcoin, Litecoin, Ethereum, Zcash, Siacoin and Dashcoin. With one software you can manage to mine all these cryptocurrencies, by following the F2Pool’s rules, of course.
Another advantage is that F2Pool has an English interface compared to other Chinese mining pools.
You can start mining right now. Go check the F2Pool‘s official website.
So: Did we make you more confident about the mining pool you are already using or are you thinking to choose another one?
You may be interested
Huobi Now Supports Waves TradingAnca Faget - June 21, 2018
Today, the team behind Waves announced yet another important exchange partnership for the WAVES token. One of the top three…
Amsterdam Airport Installed ATM For Euro-to-Crypto ExchangeAnca Faget - June 21, 2018
Schipol, Amsterdam’s international airport, has set up a cryptocurrency ATM that lets travelers exchange their euros for Bitcoin or Ethereum.…
Weiss Ratings Claims Bitfinex May be Using Traders’ Tokens For VotingAnca Faget - June 21, 2018
Bitfinex, a popular crypto exchange and main EOS block producer, is suspected of using token deposits made by its customers…