4 Best Crypto mining pools 2020

Here we'll review the most popular mining pool in the crypto network. Keep in mind that the best crypto mining pool may have to do more with personal preference than any technical aspects. It's crucial to critique each of these mining pools and choose one that suits the most.

Before consdering the best mining pools to join, let's go over crypto mining in details.

What are Crypto Mining Pools?

A mining pool is a collection of miners that pool their resources to increase the chances of winning the race. They are a great way to begin, as pool operators offer advice, technical support, tutorials, and more for those beginners looking to start. Of course, this is not free, and pools take a cut from all the participants' profits.

Now, you might be thinking about going solo. Well, sadly to say, this is almost impossible in 2020. The hash difficulty of the crypto network is beyond the reach of most people in the world. A single GPU would take an estimated 67 years to mine 1 block. So, partnering with a pool is a must for regular people.

The only way to do it alone is to build a mining farm. This is especially so for Indonesia. Although lower than the region's average, energy costs are not low enough to justify farming on a large scale. There are very few cryptocurrency farms in the country, so joining a pool is a must. And it can be hard choosing the best pool for crypto mining, as there are many options.

Of course, this is when joining a pool. The process is far more complicated when establishing a farm that needs to coordinate thousands of GPUs, as the one from this picture.

Source: Hacker Noon

A project of this scale takes millions of dollars in hardware and personnel to set up. This is why small scale miners have to join pools to be successful.

How to Choose a Crypto Mining Pool?

How to choose a crypto mining pool Is more a subjective question. There is no one correct answer, as the different pools out there are very active in specific regions and not in others.

As an example, f2pool is from China and is very involved in the Asian crypto community. In comparison, Ether mine has a large presence in the West.

The top pools don't differ much from each other. This is because market conditions have forced them to offer a similar fee structure and a minimum payable amount. A beginner should start with one of the 4 biggest pools, as they are run as professional businesses.

They offer tutorials and technical support. Of course, the downside is that a large pool dilutes rewards over a higher number of participants.

Once you have become familiar with the inner workings of running a mining node and joining a pool, then a smaller pool can be more profitable. These have fewer participants. Thus the reward is more prominent, even if the pool itself mines fewer blocks.

But smaller crypto mining pools won't offer the same level of support as big ones. So, they are for advanced users confident in their technical skills.

This is why we'll focus on the best mining pools to mine crypto as a beginner in this article. This means an overview of the biggest ones for the crypto network.

How to Join a crypto mining Pool

Now, How to join the crypto mining pool is a technical process.

First, you need to download crypto mining software. This is a piece of software that will allow your GPU a direct connection with the crypto network.

Check out this article for the best Bitcoin mining software.

Once downloaded, you need to connect your machine with the pool via the EthDev wallet, the pool operator's address. Most mining software has a list of the biggest pools and their addresses. But if you want to connect to a smaller pool, you'll need to get their address and manually configure the connection.

If successful, you'll start seeing the crypto mining pool statistics show in your interface. It will detail the current hash power generated and other technical data.

If a block is mined successfully, you'll receive the amount to the wallet associated with your client. The fee will be automatically charged every time you are sent crypto from the pool.

As said, how to join the crypto mining pool is a technical process. There are very comprehensive guides for it on the f2pool website and in Ethermine. You should research them thoroughly before attempting to do it alone.

Best Crypto mining pools

The biggest pools in the market have a similar fee structure and minimum payouts. It comes down to region and community. So, in no particular order, we have:

1.Sparkpool\
2.Ethermine\
3.F2pool\
4.Nanopool

Sparkpool

A giant pool in the crypto network, Sparkpool, is a dominant force in the ecosystem. The pool allows for anonymous operation, making it one of the preferred choices for miners where there are many restrictions to cryptocurrencies.

It is also possible to use Spark Pool as a crypto Classic mining pool. Sparkpool has a minimum pay of 0.05 ETH and a 1% fee. This is perhaps the best crypto mining pool for users in the West as it has a large community there.

Ethermine

\
The second-largest pool in crypto, Ethermine, is the oldest such service in the network. It also allows for anonymous operation, has a minimum payable amount of 0.05 ETH, and 1% fees.

Additionally, Ethermine works as a crypto Classic mining pool and for, Zcash and Ycash to diversify your operation. As one of the most experienced operators out there, crypto mining might be the best pool for crypto mining. Or at least one of the most secured.

F2pool

The 3rd largest pool in crypto, F2pool, has 10% of the network's hashing power. It is one of the most beginner-friendly, with extensive tutorials in several languages. It has a minimum payment amount of 0.1 ETH and 2.5% in fees.

This crypto pool is from China, so it has a large presence in Asia. So, for Malaysians and other Asians in general, f2pool is the best crypto mining pool. It has tutorials in most of the largest native languages of the region and a sizable community.

Additionally, it has a presence beyond crypto. It also operates pools for Bitcoin, Litecoin, Bitcoin Cash, and many other crypto coins. So, it is great for those looking to multitask in this space.

Nanopool

Finally, we have Nanopool, the 4th largest pool in crypto. It has a minimum amount of 0.2 ETH and a 1% fee. Additionally, it is possible to mine crypto Classic, Zcash, Monero, Raven Coin, and Pascal using this software.

The platform also offers a remote mobile app to monitor the crypto mining pool performance. It shows how much it has been gained, the fee, and the current hash difficulty.\
So, in summary, we have:

Conclusion

As said, choosing a crypto mining pool comes down to individual preferences. Right now, for Malaysia, the best crypto mining pool is f2pool. It has the most tutorials on the subject, a large and involved community for support, and it can be used to mine many other crypto coins besides crypto.

The fee is higher than with the different choices, but it is well worth the entry price. Regardless of the final choice, now is the time to take advantage of all the new ways that blockchain allows people to gain passive income.

It is still early in the technology curve, so it pays to be at the ground level than when the space becomes crowded. If you feel inspired to start mining crypto, consider looking up the best mining hardware or software to use.