Bitcoin runs on its miners.
Mining bitcoin is also the only way for the blockchain to produce new bitcoins, awarding them to miners as they are digitally unearthed. As a result, successful bitcoin miners can run a very profitable business in this era of high-value bitcoins.
In this article, our editors have rated and reviewed the best bitcoin mining pools, rated by fees, user-friendliness, and reputation.
| Mining Pool | Fees | Pool Share | User Friendliness | Reputation | Total Blocks Mined | Score |
|---|---|---|---|---|---|---|
| BTC.com | 6.22% | 5.18% | 9 | 8 | 37,157 | 4.5 |
| Antpool | 3.85% | 8.41% | 6 | 10 | 60,361 | 4.5 |
| ViaBTC | 6.33% | 3.53% | 7 | 9 | 25,343 | 4.3 |
| Slush | 2.31% | 5.05% | 7 | 9 | 36,228 | 4.0 |
| F2pool | 2.56% | 9.48% | 9 | 8 | 68,043 | 3.8 |
| Kano CKPool | 3.51% | 0.34% | 6 | 6 | 2,433 | 1.0 |
| Bitcoin.com | 7.37% | 0.34% | 5 | 5 | 2,475 | 1.5 |
| Poolin | 4.26% | 3.11% | 6 | 4 | 22,354 | 1.3 |
| Binance Pool | 6.43% | 10.22% | 7 | 9 | 8,031 | 4.0 |
| Huobi Pool | 10.42% | 3.73% | 6 | 4 | 9,351 | 3.5 |
| Foundry USA | 2.96% | 7.46% | 8 | 9 | 3,978 | 4.5 |
| OKExPoo | 6.71% | 0.61% | 6 | 7 | 2,909 | 3.0 |
| Rawpool | 5.98% | 0.71% | 6 | 7 | 371 | 3.0 |
| SBI Crypto | 4.32% | 1.38% | 7 | 7 | 741 | 3.5 |
| Spider Pool | 9.67% | 0.28% | 6 | 6 | 545 | 3.5 |
| Mara Pool | 1.84% | 0.81% | 7 | 8 | 427 | 4.0 |
| EMCD Pool | 3.60% | 0.66% | 6 | 7 | 404 | 3.0 |
BTC.com
- Fees: 6.22%
- Pool Share: 5.18%
- Total Blocks Mined: 37,157
BTC Pool is run by Bitmain, which also operates Antpool. It was founded in 2015 and has operations globally. (BMJ Score: 4.5)
Antpool
- Fees: 3.85%
- Pool Share: 8.41%
- Total Blocks Mined: 60,361
Antpool is located in Singapore. Run by Bitmain, which also operates BTC Pool, it has been in operation since 2016. (BMJ Score: 4.5)
ViaBTC
- Fees: 6.33%
- Pool Share: 3.53%
- Total Blocks Mined: 25,343
One of the world’s largest mining pools, with global operations, it was launched in 2017. (BMJ Score: 4.3)
Slush
- Fees: 2.31%
- Pool Share: 5.05%
- Total Blocks Mined: 36,228
Slush Pool has operated since 2010. It is based in Prague but operates globally, and was the first organized mining pool for Bitcoin. (BMJ Score: 4.0)
F2Pool
- Fees: 2.56%
- Pool Share: 9.48%
- Total Blocks Mined: 68,043
F2Pool is a diverse mining pool that mines numerous cryptocurrencies and has operated since 2013. It is also known as Discus Fish. (BMJ Score: 3.8)
Kano CKPool
- Fees: 3.51%
- Pool Share: 0.34%
- Total Blocks Mined: 2,433
Kano CKPool operates in countries across Europe and Asia and was launched in 2017. (BMJ Score: 1.0)
Bitcoin.com
- Fees: 7.37%
- Pool Share: 0.34%
- Total Blocks Mined: 2,475
Bitcoin.com’s mining operation was launched in 2017 and, due to its domain, is one of the most well-known mining pools. (BMJ Score: 1.5)
Poolin
- Fees: 4.26%
- Pool Share: 3.11%
- Total Blocks Mined: 22,354
Poolin is a mining pool launched in 2018 out of China. (BMJ Score: 1.3)
Binance Pool
- Fees: 6.43%
- Pool Share: 10.22%
- Total Blocks Mined: 8,031
Binance Pool is a subsidiary of Binance, a crypto exchange platform founded in 2017 and headquartered in Malta. Binance Pool has mining pool nodes in North America, Europe, and South and North China. (BMJ Score: 4.0)
Huobi Pool
- Fees: 10.42%
- Pool Share: 3.73%
- Total Blocks Mined: 9,351
Huobi Pool mines a variety of cryptocurrencies and is backed by an account and security system by Huobi Group. (BMJ Score: 3.5)
Foundry USA
- Fees: 2.96%
- Pool Share: 7.46%
- Total Blocks Mined: 3,978
Foundry USA is a subsidiary of Digital Currency Group. It provides capital, consulting, machines, and intelligence to digital asset miners. Its mining pool became the second-largest mining pool in November of 2021 amid the China mining ban. (BMJ Score: 4.5)
OKExPool
- Fees: 6.71%
- Pool Share: 0.61%
- Total Blocks Mined: 2,909
Founded in 2018, OKExPool provides mining and staking services to its users. It serves users in over 100 countries. (BMJ Score: 3.0)
Rawpool
- Fees: 5,98%
- Pool Share: 0.71%
- Total Blocks Mined: 371
Founded in 2018, Rawpool is a leading mining pool solution and data service provider. (BMJ Score: 3.0)
SBI Crypto
- Fees: 4.32%
- Pool Share: 1.38%
- Total Blocks Mined: 741
SBI Crypto is a Japanese mining firm founded in 2018. (BMJ Score: 3.5)
SpiderPool
- Fees: 9.67%
- Pool Share: 0.28%
- Total Blocks Mined: 545
Founded in China, SpiderPool is a major crypto mining pool that supports multiple cryptocurrencies. (BMJ Score: 3.5)
MARA Pool
- Fees: 1.84%
- Pool Share: 0.81%
- Total Blocks Mined: 427
MARA Pool is a part of Marathon Digital Holdings. It was founded in 2010 and is based in Las Vegas, Nevada. (BMJ Score: 4.0)
EMCD Pool
- Fees: 3.60%
- Pool Share: 0.66%
- Total Blocks Mined: 404
EMCD Pool is one of the largest mining pools based in Eastern Europe. (BMJ Score: 3.0)
How Bitcoin Mining Pools Work
Every time a bitcoin changes hands, miners process the complex algorithms that unlock the blockchain and record a new owner. They are, in every real sense, the backbone of the bitcoin network.
Yet, as the bitcoin network has grown in popularity, this process has come to require increasingly intense amounts of computing power. Without spending a fortune, it’s almost impossible for individuals to set up a mining operation with a realistic chance of reward. So companies have set up mining pools.
A mining pool connects users into a networked mine. They dedicate a portion of their computer’s processing power to the overall operation, and in exchange, get a portion of the created bitcoins. By joining a bitcoin mining pool, you can contribute to the network while also getting a realistic chance to earn some bitcoin in the process (albeit in small amounts).
While reviewing mining pools, one of the most important terms you should know is “hash rate.” This is the speed at which a mine processes the bitcoin algorithm.
A hash is a mine’s attempted answer, and the rate is measured at hashes per second. In the table above, we have represented this as “Pool Share” – each mining pool’s percentage of the overall hash rate across the Bitcoin network. (A pool share of 20.9 percent, for example, means that this mining pool provides 20.9 percent of the Bitcoin network’s overall hash rate.)
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Source: https://www.bitcoinmarketjournal.com/best-bitcoin-mining-pool/
