Here’s an alternate way to invest in the cryptocurrency market.
Cryptocurrency has become a hot investment option and everyone is gearing up to bank on popular crypto coins like Bitcoin, Ethereum, Binance, XRP, and Litecoin. While these digital tokens can be purchased from several trading platforms and exchanges, cryptocurrency mining pools are also an alternative to create cryptocurrencies. Cryptocurrency mining pools are groups that are operated by third parties to manage hash power from miners globally. These cryptocurrency dashboards have dashboards that can be understood by beginners and experienced miners.
How to Choose the Right Mining Pool?
Some basic criteria to look for are reputation, pool fee, uptime efficiency, location, support, and UI panel. A popular pool is often reliable and secure. Every cryptocurrency pool will require you to pay mining fees, hence it is best to opt for pools that have a high payout and low fees. Like cryptocurrencies, selecting the right mining pool also requires research. No matter where you are in the world, you should be able to operate the mining functions. Make sure to choose a pool that runs on a server that can be used globally as the response time of the device depends on it. As a beginner, facing issues with the network is common. If a pool has good support and feedback system, your queries will be solved quickly without losing precious time to mine cryptocurrencies.
Following these points, here are some of the most reliable cryptocurrency mining pools for beginners.
1. Slush Pool
Slush Pool is the oldest mining pool in existence, going a decade back to 2010. It’s a publicly available active mining pool and has a reputation for being stable and accurate. It has a smooth sign-up process and you can also create a demo miner to understand how the dashboard works. The website has two settings, one for beginners and one for experienced miners. Slush Pool also offers many features like preferences, device choice, and remote monitoring.
ViaBTC supports many cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Dash. The services go beyond the mining pool as ViaBTC has related products like ViaWallet and cryptocurrency exchanges. With a global presence, ViaBTC offers stable payouts for miners and offers higher payouts.
AntPool is the biggest mining pool in the world. It mines about 11% of all blocks and the servers work around the world. AntPool boasts an innovative peer-to-peer mining protocol that can link your device to the one that is the nearest during setup for a reliable connection.
If you are familiar with Bitcoin.com, BTC.com is owned by the same company. Before starting the mining section, BTC.com was known for its innovative Bitcoin wallet and its blockchain explorer. Mining in many geographies like Germany and the US, BTC.com has a medium-sized mining pool that supports many cryptocurrencies like Litecoin, Ether, and more.
Functioning since 2014, KanoPool is a smaller pool comparatively but has low mining fees and an easy setup process. Registration is optional and the only requirement is a BTC wallet address and a username. The layout is simple, user-friendly, and has a detailed help page that has all the important FAQ answers.
6. Binance Pool
Binance Pool is powered by the Binance exchange, one of the largest cryptocurrency exchanges in the world. After the success of its exchange platform and its native token Binance coin, Binance Pool is an upcoming popular platform that mines about 9% of all blocks, currently.
The logic behind F2pool is that a user can contribute computing power to discover blocks. It is one of the best bitcoin mining pools and can be used for trading Bitcoins as well. F2pool supports 40+ cryptocurrencies and offers live chat support.
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