Top 7 profitable mining pools for beginners

Why is it better mining in a pool rather than individually? The answer is simple — when mining on a pool, your income will be more stable, because you will receive a certain part of the rewards of the entire mining pool.

There are many pools, and if you are new to the mining industry, it can be quite difficult to make a choice. In this article, we will talk about the best mining pools.

Ethermine

Ethermine is one of the best pools devoted to mining Ethereum. Take a look at its features:

  • The PPLNS payout model (payouts are made based on the average number of shares that were sent during the last number of blocks). Please note that due to this system, you will not start earning on the pool immediately, but after a while. On the other hand, it is a great choice for conscientious miners who do not plan to “jump off” the pool.
  • The pool fee is 1%.
  • The pool pays the transaction fees.
  • Pool servers are located in Europe, Asia, and the USA.
  • You can customize the minimum payout threshold and even mine anonymously.
  • Instant payouts.

Hiveon 

On the Hiveon pool, you can mine both Ethereum and Ethereum Classic. One of the distinguishing features of this pool is the absence of pool fees and transaction fees.

  • The PPS+ payout model (you will receive a payout for every valid share sent to the pool, regardless of how long ago you joined the pool).
  • The pool fee (for both coins) is 0%.
  • The pool also pays all transaction fees.
  • Servers are located in Russia, Europe, North America, and Asia (for ETC — in Russia, Europe, and Asia).
  • The minimum payout threshold is only 0.1 ETH (or 1 ETC).
  • Payments are made daily.
  • Paid users of the Hive OS monitoring and management system can pay for it at the expense of the pool mining commission (3%). However, if you have more than 50 devices, the commission will be even lower — you will get a discount.
  • 24/7 multilingual support.

SparkPool

SparkPool allows to mine such coins as ETH, CKB, GRIN_29, GRIN_32, and BEAM. Here are its features:

  • The PPS+ payout model.
  • The pool fee is 1%.
  • Payments are made daily.
  • The location of the servers:
  • ETH: Mainland China, Korea, Japan, and Southeast Asia.
  • CKB: Mainland China, Europe, and Asia.
  • GRIN_29, GRIN_32, and BEAM: Mainland China, Asia, Europe, USA.
  • Registration is optional, and you can mine anonymously (but not all the pool features will be available to you).
  • 24/7 support.
  • Reliability and safety.

F2POOL

On the F2POOL you can mine a lot of coins: BTC, BCH, ETH, ETC, LTC and so on. In total, the pool supports over 40 cryptocurrencies.

  • The payout model depends on the chosen coin (PPS or PPS+). In the case of PPS, you will also get a reward for every sent share. 
  • The fee also depends on the coin: from 1% to 5%.
  • The minimum payout threshold depends on the coin. More information can be found here.
  • Payments are made daily.
  • Security — the pool is highly protected from DDoS attacks.

Poolin

Poolin also offers a lot of coins to choose from: ETH, BCH, BSV, LTC, and so on. 

  • The payout model depends on the chosen coin: PPS or FPPS (full payment for the share).
  • The pool fee also depends on the coin: from 1% to 4%.
  • Payments are made daily.
  • Stability and security.
  • The pool offers many useful tools (for example, the so-called Transaction Accelerator, which allows you to receive payments faster).

ViaBTC

ViaBTC is another pool with a rather wide selection of coins. Here you can mine BTC, BCH, BSV, ETH, ETC, LTC, etc.

  • The payout model: the pool supports PPS+, PPLNS, and SOLO (the entire block reward goes to the miner who mined it).
  • The pool is available to users from over 130 countries.
  • The pool fee depends on the chosen payout model — from 1% to 4%. 
  • Manual withdrawals are subject to a commission (the amount depends on the coin), the commission for automatic payments is 0%.
  • Automatic payments are made every day.
  • The minimum payout amount depends on the chosen coin.
  • Sometimes the pool offers special coupons, using which you can get a discount on the fee.

SpiderPool

SpiderPool supports the following coins: ETH, BTC, BSV, and BCH.

  • The payout model: the pool supports PPS, PPLNS, PPS+, FPPS, and SOLO.
  • The pool fee 2%.
  • The transaction fees are covered by the pool.
  • The minimum payout amount depends on the coin, but once a week you can apply for the withdrawal of the amount that is below the minimum threshold.
  • Automatic payments are made once a day.
  • Stability and security.

When choosing a pool, first of all, pay attention to the list of available cryptocurrencies — is there one among them that you plan to mine? Also, consider the payout model and the fee — the pool that offers the lowest fee and pays for transactions will be a perfect choice. In addition, you should pay attention to the location of the pool servers — the closer the server is, the more stable the mining process will be.

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