Mining pools are always good ways for any small-scale crypto miner to earn a predictable return on their expensive mining rigs. There are a lot of small-scale cryptocurrency miners who wanted to know about the best Bitcoin Cash mining pools. Bitcoin Cash has been one of the Bitcoin forks which have been on the news for both advancements in technology, controversy regarding hard forks, and many more. If you consider a winning protocol taking on the BCH mantle and pricing recovers, then joining a mining pool will fetch you profit.
As we all know, Bitcoin mining is the oldest form of mining which works on the Proof of Work (PoW) consensus mechanism, and the miners tend to compete with one another for completion of a block, which gets them to earn rewards. But the challenge is solving the complicated algorithms and investing in the power and the machines. Hence, the basic requisition for mining is using a standard desktop computer. At present, the mining of PoW blockchains runs on some specialized devices using custom-designed computer chips known as ASICs. Even with the ASIC rigs, the miners tend to get outclassed by well-financed corporations. The organizations build warehouses that hold a huge number of mining rigs, which makes them more likely to earn block rewards.
The top 5 Best Bitcoin Cash mining pool options are:
Bitmain is one of the renowned Chinese mining hardware manufacturers, who owns Antpool and Bitcoin mining pools. Antminer is one of the company’s main products, which is an ASIC based machine committed to PoW cryptocurrency mining. Antminers can process anywhere from 10.5 TH/s to 28 TH/s, at prices ranging from 151 USD to 1475 USD. Bitmain’s Antpool only accepts connections from Antminer devices.
viaBTC is one of the largest Bitcoin Cash mining pools in the world, which also supports mining of other tokens like Bitcoin, Litecoin, Ethereum, Dash, and Zcash. This is comparatively a newer Bitcoin Cash mining pool started in 2016, a year before Bitcoin Cash was added to it. viaBTC offers two different types of reward payouts- PPS (Pay per share) and PPLNS (Pay per the last number of shares). Either way, there are uncharged transaction fees, and the miners are responsible for paying only a meager maintenance fee of 4% for PPS payments and 2% for PPLNS payments.
BTC.com is also owned by the great Bitmain Technologies and is one of the largest and Bitcoin Cash mining free pool, started in 2016. BTC.com has its own unique way of payment system: FPPS (Full Pay Per Share), which is similar to TX and PPS fees in the payouts along with block rewards. BTC.com charges around 1.5% as fees and has a 0.001 threshold.
F2Pool is a medium to a large pool that was established in 2013, which takes a 2.5% fee, which is a bit on the high side and operated by a PPS reward system. F2Pool also supports mining Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC) as well as additional other coins apart from Bitcoin. The threshold limit for F2Pool is 0.005, after which there’s an automatic and best payout. It is very convenient for beginners because of its simplicity in its layout and the clear and concise information. It is one of the best BCH mining pools.
It is a reliable company that was launched in 2015. Hashflare offers a contract with as little as 100 KH/s hash rate for $2.20 with zero maintenance fee. The user can choose three pools every 24 hours, and divide the hash amongst them. If you want to increase your mining abilities, you can reinvest your profit in the hash rate. The process is pretty simple, and the withdrawal minimum limit for Ethereum is 0.100 ETH, which is inclusive of commission fees.
Yes, the Antminer S9 miner is based on the SHA-256 algorithm; hence, you can mine Bitcoin Cash with it.
Yes, you can, but the difficulty of the network makes them unable to compete with powerful ASIC machines.
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2019-02-07 13:14:10.491656 | 2 min