Topic: Which mining pool should I join? (Read 688 times)

In the first place, you have so many Pool where you can choose in. Maybe I could suggest you to use such as:
Binance pool, Slush pool, F2pool, and viabtc. And F2pool was one of the most popular mining pool provider as of today
this year 2022 as far as I know.

And about the Winminer, I think it is not worth to use this anymore, due to all of their channels in the social media platforms
are no updates 2 years ago now. While in the Genesis mining, I am not exactly sure that in some country of South Carolina ordered cease and desist agaianst crypto(source: https://www.coindesk.com/tag/genesis-mining/)

There are a few things you might want to consider.

First, do you want to solo mine, participate in a pool, or rent your hash rate?

For solo mining you get zero payments until one of your miners hits a block. Once that happens you get the entire block reward plus transaction fees, minus the pool fees. You can use for example solo ckpool which has 2% fee. Note that it's extremely rare to hit a block, but it does happen. I've seen recently at least 2 miners with less than your hashrate hitting a block there this year alone. A popular way of doing this is using ckpool solo, so that you don't have to use your own node.

When you participate in a pool you put your hashrate together and then when someone in the pool finds a block the rewards are divided between the active hash rates proportionally. There are different ways to do this, here are some details about it: https://en.bitcoin.it/wiki/Comparison_of_mining_pools

Note that in these pools there are minimums to withdraw your BTC, so check those before committing to one because otherwise you might never be able to get that money out.

If you just want a constant payout independent of finding a block or not, then you can have a look at renting your hash rate. Nicehash is a popular one. You get paid based on the hash rate you provide, and they have lightning payments so you can withdraw small amounts, the current minimum is 10k sats (around $5 or so).

Ya, that was my question, if the pool doesn't pay charity, how can you claim that they pay more? most PPS pools are either FPPS or PPS+, depending on the average transaction fees at any given period, FPPS could pay more than PPS+ or vice versa, and then in both cases, the little difference will be determined by the pool's luck which isn't something they can control, so how can you claim that pool A pays more than pool B given that pool fees are the same?

sorry sir, I was talking about the payout method, compared to pooling, Luxor using fpps, thus pays more, sorry about the confusion.

How does it pay more, is it a charity?

I would advise against mining to any U.S based pool, those pools are subject to weird American laws, look at what foundry pool does, they blacklisted dozens of addresses of which they don't include any of the transactions related to those addresses just because the U.S government decided to blacklist those addresses for whatever reason, does Luxor pool do the same? if not, how could they go under the U.S radar by including transactions of addresses flagged by the U.S government?

Sooner or later all U.S based pools might be forced to mine what's called "clean blocks", it's a very bad thing for what bitcoin stands for.

I suggest Luxor pool. It's the second largest U.S. mining pool and the largest independent U.S. mining pool, been in the NA crypto mining business since 2017. Using FPPS payment method, it's the most favorable payout term for miners and the revenue data is fully auditable, can trace back to day 1, and it pays more than other pools like pooling, etc. Feel free to ask about the details.

I also checked out various online groups, and your comment has made it much easier for me to find a solid team, so thank you.

I recommend Kano.is, Viabtc or Slush pool.

Smaller pools may have longer time between found blocks, but otherwise they're the same or sometimes even better than larger pools. The reward per hash will be the same

My friend and I are planning to mine bitcoin at his home in Houston, TX. We plan to start with 1-2 Antminer S19 Pro 110TH/s and possibly up to 10 units. Which mining pool do you recommend? Does mining pool size matter. I see that large pools tend to have higher transaction fees. So if I decide to join a smaller pool, is there any disadvantages? Some pools like Genesis Mining or WinMiner even have no transaction fee. Is it worth trying them?

What is the most important factors you need to consider when joining a mining pool?

Please advise. Thanks