To ensure your maximum benefit, we’ll look at the top 10 Bitcoin mining pools for Antminer S9 Series in this article.
Bitcoin is the most profitable of the coins that can be mined by Bitmain Antminer S9 series miners.
In order to manage the hash power from miners around the world, groups called bitcoin mining pools are run and organized by outside parties. In proportion to the hash power that is contributed to this pool, these platforms split the resulting Bitcoin.
You can use the API (Application Programming Interface) functionality of the BTC mining pool to extract specific data sets from the system. You can view the status and temperature of the mining equipment on the dashboard of many of these cryptocurrency pools.
Here is a carefully compiled list of the most reliable and profitable legitimate Bitcoin mining pools.
Table of Contents
What Are Bitcoin Mining Pools?
New Bitcoins enter circulation as a “prize” for miners who managed to guess the solution to a mathematical problem. The successful miner is rewarded with the opportunity to update the blockchain’s transaction log and add the most recent block to it.
By design, the math problem becomes harder to solve as you have more miners, and vice versa. The purpose of this system, which is known as “mining difficulty,” is to control the amount of new Bitcoins that are added to the system. to prevent inflation).
The rise in popularity of Bitcoin caused the mining difficulty to soar, effectively making small home-based mining operations obsolete. As more and more people jumped on the mining wagon, the mining difficulty rose to a point that it became unprofitable to mine with a home operation.
Include the upfront and ongoing costs of home mining (gear purchases, electricity costs, etc.).) and not only you’re not making a profit, you’re actually losing money.
Enter mining pools.
Mining pools are basically groups of miners who pool their mining resources together to get more hashing power (i.e. computing power). You have a better chance of contributing a block and earning the mining reward the more hashing power you possess.
Miners are able to solve issues more frequently than they would if they were mining alone when using mining pools. The rewards are then distributed among the pool members based on the hashing power that each person’s equipment contributed to the final answer.
Typically, there is also a setup fee levied by the owner of the mining pool. Along with fees, other parameters, and payment methods, the pools have differences.
Best Mining Pools (Most Profitable and Legit)
#1) Antpool – Best for Remote Management of Mining Activity
Bitmain Technologies, the same company that produces the Antminer S9, runs the medium-sized Chinese Bitcoin mining pool called Antpool.
One of the top Bitcoin mining pools, Antpool enables you to mine and trade cryptocurrencies with ease. It offers alert services for apps, mail, SMS, and WeChat. You can quickly view your earnings on the dashboard thanks to this platform. This website also helps you to monitor your hashrate on a daily, hourly, and minute basis.
Learn how to connect Antminer S9 to Antpool.
Key Specs:
Pool Size: Medium
BTC pool hash rate: 30.5EH/s
Pool fee: 4% for PPS+ & 0% for PPLNS
Minimum payout threshold: 0.005 BTC
Payout Frequency: Daily
Supported Platforms: PC, Web, iOS, Android
#2) Binance – Best for Boost Your Mining and Maximize Revenue
One of the best places to build a bitcoin wallet is Binance. More than 150 cryptocurrencies are available for trading on its platform. Additionally, an API is made available to you so you can integrate your current trading software. For online cryptocurrency trading, this app provides a wide range of tools.
Key Specs:
Pool Size: Large
BTC pool hash rate: 23.86 EH/s
Active Workers: 610999
Pool fee: 2.50%
Minimum payout threshold: No minimum payment threshold for ETH mining
Payout Frequency: Daily
Supported Platforms: PC, Web, iOS, Android
#3) Slush Pool – Best for BTC Mining & Advanced Payouts
Users can mine BTC and ZEC easily with the help of Slush Pool, a mining pool. Statistical evidence aids in ensuring that your rewards are just. Your data will be secure on the cloud thanks to this platform’s security toolkit. Both iOS and Android are compatible with it.
It is one of the biggest mining pools that notifies users if an issue is found. Using API (application programming interface) functionality, you can extract unique data sets from the system.
Key Specs:
Pool Size: Medium-Large
BTC pool hash rate: 12.33 EH/s
Active Workers: 191 725
Pool fee: 2%
Minimum payout threshold: 0.001 BTC
Payout Frequency: Daily
Supported Platforms: PC, Web, iOS, Android
#4) F2pool – Best for Bitcoin, Ethereum & Litecoin Mining
F2Pool is one of the top bitcoin mining pools that can be used to contribute processing power to block discovery. You can trade Bitcoin using iOS and Android applications as well. Languages other than English, Spanish, and Chinese are also supported by this platform.
Key Specs:
Pool Size: Medium-Large
BTC pool hash rate: 25.81EH/s
Pool fee: 2.5%
Minimum payout threshold: 0.005 BTC
Payout Frequency: Daily
Supported Platforms: PC, Web, iOS, Android
#5) BTC.com – Best for Low Withdrawal Fees
BTC.com has been around for a while and is well-known for its wallet and own blockchain explorer. In 2016, it launched a pool. One of the biggest pools is BTC.com, which is owned by Bitmain Tech. Similar to PPS+, BTC.com’s own payment method, FPPS, includes TX fees in the payouts along with the block reward. BTC.com has a 0.001 BTC payment threshold and charges 1.5% for mining fees.
Learn how to connect Antminer S9 to BTC.com.
Key Specs:
Pool Size: Large
BTC.Com hash rate: 7.43 EH/s
Pool fee: 1.5%
Minimum payout threshold: 0.001 BTC
Payout Frequency: Daily
Supported Platforms: PC, Web, iOS, Android
#6) ECOS – Best for Its Operating System
The industry’s most reputable cloud mining provider is ECOS. 2017 saw the Free Economic Zone’s establishment of it. It is the first company offering cloud mining services with a legal status. More than 100,000 users from different countries use ECOS. With a full range of digital asset products and tools, it is the first cryptocurrency investment platform.
Key Specs:
Found year: 2017
Supported coins: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Tether, and Litecoin.
Minimum Investment: $150
Minimum Payouts: 0.001 BTC.
Payout Frequency: Daily
Price: Plan beginning at $0.75 TH/S per month.
Fraud risk: Low
#7) Via BTC – Best for One-Stop Mining Services
You can view the status of miners in real-time by using the mining pool for Bitcoin, Bitcoin Cash, and Litecoin called ViaBTC. Numerous mining and settlement techniques are available on this website. It has an easy-to-use dashboard that displays information on the hashrate of the mining pool and the number of miners.
Key Specs:
Pool Size: Medium
BTC pool hash rate: 20.32EH/s
Pool fee: 4% for PPS & 2% for PPLNS Payment Method
Minimum payout threshold: 0.001 BTC
Payout Frequency: Daily
Supported Platforms: PC, Web, iOS, Android
#8) Poolin – Best for Multi-cryptocurrency
You can easily invest in digital currencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and ZCash with the help of Poolin, a Bitcoin and multi-cryptocurrency mining pool.
Key Specs:
Pool Size: Large
BTC pool hash rate: 23.59 EH/s
Pool fee: 2.5% FPPS
Minimum payout threshold: 0.005 BTC
Payout Frequency: Daily
Supported Platforms: PC, Web, iOS, Android
#9) BW – Best for Numerous Earning Modes
BW offers a crypto mining pool service. You can easily trade for bitcoin thanks to it. Aside from Bitcoin, this platform also supports a number of other cryptocurrencies, including Ethereum, Litecoin, and Bitcoin Cash. You can instantly transact from iOS and Android devices using this cryptocurrency trading app.
Key Specs:
Pool Size: Medium-Large
Transaction Fees: 0.2%
#10) Ckpool – Best for Running Without a Code
Without the need to set up local Bitcoin, one can use the mining pool Ckpool. You can avoid the costs associated with maintaining a fully functional Bitcoin node, which uses a lot of storage. For quick notification and propagation of block changes, this platform connects to high-speed, low-latency Bitcoin nodes.
Key Specs:
Pool Size: Large
BTC pool hash rate: Not available
Pool fee: 2%
Read more: What If the Bitmain Antminer S9 Can’t Connect to the Mining Pool?
How to Choose a Mining Pool?
Here are a few factors to consider when you’re choosing a mining pool:
Pool size – Bigger pools offer more regular payments. However, the payout is smaller because it’s shared among more members. Smaller pools offer larger payouts but less frequent payments. Regardless of what you decide, the return ought to balance out over time.
Fees – Some Bitcoin mining pools charge fees, and some don’t. Fees can be as low as 0% and as high as 4% of the reward.
Reliability and security: Whether you can trust the pool to be honest and not steal your money or to avoid being hacked and losing your earnings is a crucial factor to consider.
Joining a more seasoned, established pool is a good way to reduce such risks. Read user reviews as well before signing up, keeping in mind that there will always be irate users and that nothing should be taken at face value.
Payout policy: Do your research before joining a pool, regardless of whether you want to receive payments on a daily basis or whenever the pool solves a block.
Mining Pools Reward Methods
Understanding shares in the context of mining is necessary before we can comprehend how mining pool reward methods operate. To put it simply, shares are the units that pool owners use to determine each miner’s share of the hashing effort. When mining through a pool, each miner gets shares based on how much of the block they helped solve. The pool will then compensate miners based on the number of shares they received. To be clear, shares are only utilized internally by the mining pools and are invisible to the Bitcoin network. According to the share amount the pool’s payment can take several forms.
Pay-per-Share (PPS)
A PPS payment system pays miners in shares that can be distributed at any time during the hashing process. No matter whether a block has been solved during a miner’s participation, PPS enables them to be compensated for the shares they received.
To achieve that, the pool operators pay miners from their own balance. The rate of the shares is set and predetermined. A newer version of PPS exists, PPS+ rewards. This method takes the form of PPS as well as the TX fees included in the block. PPLNS is used to distribute the reward TX fees.
The miners have a very low risk of not getting paid for their contribution because this payment method guarantees payments. The downside of this scheme is the high fees the pool owners charge, to mitigate the risk they take by paying regularly.
Proportional
Similar to PPS, miners submit shares during the block-finding period.
You can submit more shares if you have more hashing power and mined the block for a longer period of time. Following the discovery of a block, the pool distributes payments to the miners based on the number of shares they were awarded.
The value of each share you will receive, however, will be determined by this payment method as follows: block rewards divided by the total number of shares submitted by all miners.
This implies that the value of each share you receive decreases as more miners join the pool.
Score-based
To stop miners from pool-hopping, this payment method was developed.
A “scoring hash rate” score is created by combining your mining time and hashing power. The longer you stay on the pool, the greater your score is and the greater the value of the shares you receive.
Your score decreases once you stop mining, and your shares’ value does too. Once a block is located, miners are rewarded.
Pay Per Last N Shares (PPLNS)
In PPLNS, miners only get paid for shares received during a predefined “window” that ends with the solving of a block. Shares received outside of the window won’t be rewarded at all, unlike other payment methods. This window can be specified as either a time period (uncommon) or by a specific number (N), which represents the most recent shares received up until the block solving.
For instance, if N is 1 billion, only the final 1 billion shares will be rewarded once a block is found. N is typically set as a multiple of the mining pool difficulty with a constant (typically 2), even though it isn’t explicitly defined anywhere.
As a result, PPLNS is also known as Pay Per Luck Shares. When implemented properly, miners are unable to predict when to join.
With PPLNS miners can either get higher rewards if they get to receive more shares within the last N shares, or get no reward at all if they didn’t.
Naturally, if you spend enough time at a particular pool, your hits and misses should eventually balance out.
Conclusion
If you want to earn money mining Bitcoin with your Bitmain Antminer S9, joining a mining pool makes the most sense. The sizes, methods of payment, and costs of the pools vary, as you can see.
The best Bitcoin mining pools are those with auto-switching algorithms if they support multiple crypto mining. Investigate the payment options as well; the majority of the pools on this list let you select from a variety of them.
Fees, which ought to be the lowest, are yet another crucial factor to take into account. Slush Pool, which has the potential for zero-fee mining with its proprietary Braiins OS software, should definitely be taken into account.
FAQs
How Often Do Mining Pools Pay Out?
The top Bitcoin mining pools pay out daily, with some capping the payout at a certain amount while others pay out daily up to a certain amount regardless of earnings. For the latter, it is paid when it reaches a certain amount.
What is the Advantage of a Mining Pool?
The main benefit of group mining over solo mining is that you combine hash rates with others to create a larger total that increases your chances of winning a block and, consequently, increases your rewards. When mining with a pool as opposed to solo, you do not also need to invest in an extremely high hash rate in order to win a block.
Is Joining a Mining Pool Worth It?
Without a doubt, yes, if it enables you to utilize your current hardware to profitably mine the cryptocurrency you desire. It should also be genuine, especially for cloud mining pools.
