We strongly recommend joining Slush Pool or Poolin, two of the most popular and reliable mining pools. Before we get into the best mining pools to join, it is important to note that most mining pools are located in China. This is due to the fact that electricity in China is very cheap, and it was even rumored that some Chinese power companies targeted their excess energy towards bitcoin mining facilities so that energy would not be wasted. Antpool is a mining group based in China and owned by BitMain.
It draws about 17% of all blocks. ViaBTC is a somewhat new mining pool that has existed for about a year. It is aimed at Chinese miners and mines about 12% of all blocks. Poolin is a public swimming pool that draws about 10% of all blocks.
They are based in China, but have a website fully available in English. The location of a pool doesn't matter so much as most groups have servers in every country, so even if the mining pool is based in China, you could connect to a server in the US., for example. Currently, each Bitcoin block has a 12.5 BTC reward that Antpool shares with you when it finds a block. The minimum withdrawal amount is 0.0005 BTC (other sources say 0.001 BTC).Since BTC and BCH share the same SHA256 algorithm, it's easy to switch between each currency when one is more profitable. This is useful due to wild swings in the price of cryptocurrency exchanges, and it is beneficial if one outperforms the other. Using mining software is not the fastest way to get bitcoins.
The platforms will market to retail buyers and investors to put seed money and ensure a continuous flow of mining energy and reward. These platforms don't own the hash rate they claim to have, and they won't deliver the rewards after your down payment. To ensure you are getting the most out of your mining efforts, we recommend using one of the top three mining programs: CGMiner, BFGMiner, or MultiMiner. CGMiner is our choice as the best overall due to its open source construction, ability to run on any computer, and compatibility with multiple mining hardware. BFGMiner offers advanced users the opportunity to modify many aspects of their mining process, with dynamic synchronization, monitoring and remote mining platform interface, making it our choice as the best for customization. MultiMiner features a clean graphical user interface, automated hardware detection and mining features, and cross-platform compatibility, making it our clear choice as the best for ease of use. Awesome Miner offers several powerful features to help users maximize profits and minimize downtime.
At the top of our list is CGMiner, which we chose as the best overall, since its open source platform can be used on any computer and virtually any mining platform. Advanced users will like BFGMiner, our choice as the best option for customization, due to its ability to detect and start idle threads and mine multiple cryptocurrencies, while beginners will enjoy MultiMiner's friendly graphical user interface (GUI) and automated features detection and mining hardware, which make it our choice as the best for ease of use. We recently discovered that Awesome Miner offers several powerful features to help users maximize profits and minimize downtime.
