What is mining pool - 3 top mining pools

What is mining pool?

A mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to solving a block. A "share" is awarded to members of the mining pool who present a valid proof-of-work that their miner solved.

There are more than 1500 pools for cryptocurrency mining with special conditions and rules. Many factors should be taken into account when choosing the best mining pool. Reputation comes among essential ones.

Top 3 mining pools

1. F2pool

This is a Chinese platform that was established in 2013. According to Blockchain.info, the service took 9,1% of the total network hash rate. F2pool can mine Bitcoin, Litecoin, ETH, and Zcash, The pool provides everyday payouts and compared to other popular mining pools, this one has a high commission - 4%.

2. MinerGate

It is one of the most user-friendly and simplest platforms. Miners get their rewards according to the schemes called PPLNS and PPS. To start mining you have to download a program and register. MinerGate works with Bitcoin, ETH, XDN, and LTC.

3. Zpool

Another popular mining pool is an American platform called Zpool that uses rare algorithms and scripts. Various cryptocurrencies can be mined. Digital money withdrawal is processed every 4 hours.

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