Ranking of mining pools: where it is profitable to mine bitcoin in 2024

In order for mining to bring high income, it is necessary not only to take care of powerful equipment, but also to choose the right pool. The miner’s profit directly depends on the percentage of the site’s commission, the presence of an internal exchanger and additional tools for storing cryptocurrency. Experts evaluated the conditions of the top services and made a rating of the best pools for mining in 2024.

How to choose a mining pool

To obtain a block, a single miner needs more than 112.5 thousand TH/s (the calculation is relevant for January 2024th). To do this, you need to have at your disposal about 800 asics s19xp 141th. Not many people have such an opportunity. Therefore, miners join pools to increase the chances of getting rewarded.

Criteria for choosing a mining pool

When selecting a pool, you should pay attention to several nuances:

• Commission. On its value depends on the size of payments to the miner, so it is better to pay attention to services with a minimum percentage of fees and find out whether there is a commission for withdrawal to an external wallet.
• Transparent statistics of mining. If the pool interface shows the hash rate of each participant for different time intervals, the miner will be able to quickly understand whether the entire hash rate reaches the pool and find possible problems with the equipment.
• Availability of a P2P platform. On such a platform you can exchange mined cryptocurrencies for fiat funds inside the pool, without using third-party services and exchanges, and without overpaying for commissions.
• Savings Account. An additional opportunity to open a savings account, similar to a bank deposit, and put cryptocurrency on it. The user chooses the conditions: storage period, percentage and coin. The account will be useful to those miners who prefer to hold cryptocurrency.
• Russian-language support. It will be much faster to solve any questions that arise, if the service has tech support in Russian.
• User-friendly interface. Evidence of care about the user. It will be easy and fast to work in an intuitive personal cabinet
• Minimal ping. The closer the servers are located, the lower the ping and less delay between the miner and the pool. This means that the balls will be accepted by the site and paid.

It is also worth considering what system is used to distribute remuneration in the pool. This determines the stability of payments and their size.

Systems for calculating rewards at mining pools

There are several ways of distributing funds. For example:

• Full Pay Per Share (FPPS) – a fixed payment comes for each hash, even if the block has not been created. At the same time, the system pays transaction fees to miners. Because of this, it received the prefix Full.
• Pay Per Share (PPS) – works similarly to FPPS, but without transaction fees.
• Pay Per Last N Shares (PPLNS) – the reward comes only for the mined block. It takes into account the number of hashes sent by each user. It is multiplied by the result and divided among all miners.

Ranking of the best mining pools in 2024

The top most profitable pools for users are presented in the table.

1

ByBit

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9.8

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ByBit poskytuje pohodlné a bezpečné podmienky na obchodovanie s kryptomenami, ponúka nízke poplatky, vysokú úroveň likvidity a moderné nástroje na analýzu trhu. Podporuje spotové a pákové obchodovanie a pomáha začiatočníkom aj profesionálnym obchodníkom vďaka intuitívnemu rozhraniu a návodom.

2

Binance

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pre nových používateľov!

9.5

NAVŠTÍVTE STRÁNKU Read Review

Najväčšia kryptoburza, kde môžete rýchlo a bezpečne začať svoju cestu vo svete kryptomien. Platforma ponúka stovky populárnych aktív, nízke poplatky a pokročilé nástroje na obchodovanie a investovanie. Jednoduchá registrácia, vysoká rýchlosť transakcií a spoľahlivá ochrana finančných prostriedkov robia z Binance skvelú voľbu pre obchodníkov akejkoľvek úrovne!

emcd.

A service launched in 2017, which by now has become an entire ecosystem of products and services for miners. emcd. is among the top 7 bitcoin mining pools. It has gathered the largest Russian-speaking community of miners on Telegram. Pros of the service:

• Low fixed commission – 1.5% FPPS.
• High pool profitability in the market, according to Poolproof and Poools.top.
• Internal convenient P2P platform.
• Possibility to withdraw funds in rubles to Visa, Mastercard, Mir cards.
• Withdrawal to external wallets without commission.
• Round-the-clock live tech support.
• Full-fledged ecosystem.
• Accumulative wallet – Coinhold. The tool allows you to receive additional funds thanks to the storage of cryptocurrency (up to 12% per annum).
• Availability of servers in the Russian Federation.

However, there are also minuses. Among them:

• Only 7 coins are represented in the mining pool: BTC, LTC, BCH, ETC, DASH, DOGE, KAS.
• Withdrawal of funds directly to the card – only with the support of Russian banks.

SBI Crypto pool

A promising platform of the Japanese holding company, which is included in the rating of the largest financial organizations. The company cooperates with German developers. Pros:

• A rapidly growing mining pool.
• Low pool commission – 1% FPPS, or 0.5% PPLNS.
• High profitability.
• Provision of leasing for purchasing equipment in large volumes.
• Availability of options for accounting.

Minuses are few. For example:

• Lack of Russian language support.
• Complex and inconvenient interface.
• Lack of additional options for storing or withdrawing cryptocurrency.

Binance Pool

The largest exchange in terms of trading volumes of digital assets in the world. Pros:

• Large ecosystem within the platform.
• Ability to mine ZEC, RVN, ETHW.
• User-friendly interface.
• Mobile application of the exchange for Android and iOS.

There are minuses, too. Among them:

• High commission (4% FPPS).
• Sanctions against users from the Russian Federation.
• Problems with the SEC regulator – the company’s work may be partially restricted.
• Lack of the ability to track mining statistics in the application.

Luxor pool

American pool founded in 2018. Provides high mining performance due to load balancing and memory management. Pros:

• Relatively high profitability.
• Acceptable commission (2.5% FPPS).
• User-friendly and beautiful interface.
• Availability of ZEC, ZEN, SC coins.

Minuses are few. For example:

• Lack of Russian language support.
• No additional options for storing or withdrawing cryptocurrency.

Braiins pool

One of the oldest pools. It was founded in 2010 in the Czech Republic. It is considered the most reliable platform with a good reputation. Pros:

• Acceptable commission (2% FPPS).
• Availability of a proxy hashrate aggregator and mining firmware with auto-tuning.
• Russian-speaking tech support.

Users also note the minuses of the service. For example:

• Lack of additional opportunities to store or withdraw cryptocurrency.
• Poor quality translation into Russian.

Results

It is worth paying attention to mining pools with an established ecosystem – they already have the necessary tools for profitable storage and exchange of funds. To consistently receive payments without worrying about the reliability of the site, you should choose sites from the top pools for bitcoin mining, with a good reputation and reviews.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.