Bitcoin Cash Mining Pools Reviews

When looking for mining pools, perhaps the easiest way to find a good one is by checking their hash rates. Higher hash rate means that the pool operates at a faster rate, thus increasing the chances of profit. Here is a list of the best five Bitcoin Cash mining pools in comparison, based on their hash rate distribution, where you can see their market shares, locations, reward systems, and fees:

Another important factor to consider is the location of the pool server. When it’s near your mining rig, the latency would be lower, and the pool would be more likely to operate efficiently. Another thing to have in mind is the expected payoff – it’s best to choose a BCH mining pool with the lowest fee and the highest income. If you want to learn more, you can check the guide on How to choose the right mining pool.

I assume the reward systems column also got your attention. As you can see, they are different, and one pool can use several ones. They determine the portion of the reward you’re going to receive. The ones mentioned in the table are not all there are. I have dedicated a whole page on reward systems, with up-to-date info and detailed explanations – “Mining pools reward systems”.

Mining Pools Without Registration

Joining a Bitcoin Cash mining pool is quite easy – you just need to sign up and set up an account. For those of you who are worried about their privacy, there are also pools that do not require official webpage registration and are really easy to join. For your convenience, copy/paste of the information is also possible. However you decide to do it, make sure you don’t make any typos.

Now, let’s assume you have picked your mining pool. Your next step must be connecting to it from a private and secure location – your PC. Bitcoin Cash is mined with ASICs, which have a preinstalled software. You basically connect it to the pool. The nice thing about pools with no registration is that you don’t have to do anything on their main public webpage. For Bitcoin Cash, log into your miner from your private PC. Open the software folder where you have the pool’s URL field and simply use the following quickstart parameters:

The calculations made here are based on the current market price and the current difficulty. To calculate your Bitcoin Cash mining pool profit, you need to enter the hash rate, power consumption, electricity cost, and the pool fee. Then you just click on the “calculate” button. The result won’t be constant and is subject to changes. You can also calculate your cloud mining profit by entering the hash rate and the pool fee. Bear in mind that the calculations depend highly on the ever-changing variables.

The output will show you the daily, weekly, monthly or yearly profit you will make. Another thing you can see is the power cost and the coins you can mine for each time period.

Some people decide to set up their own pools as it can end up being very profitable – you earn rewards and also collect pool fees from the participating miners. This is also very beneficial, as it contributes to the decentralization of the mining power. However, keep in mind that it is not an easy task and it requires a lot of time and effort and some in-depth knowledge of the matter. Here is a list of all the minimum requirements you will need to set up a Bitcoin Cash mining pool: VPS (Virtual Private Server) with at least:

I have even more good news for you, VPS can be rented. That is correct, in case you don’t possess very specialized mining knowledge or aren’t a hardware freak, renting is for you. However, even if you choose this option, there is still a software configuration that needs your attention.

The number one location of Bitcoin Cash mining pool servers is China. Other countries with heavily distributed servers are the USA, Canada, the UK, Spain, Finland, and Austria. This is perhaps due to cheap electricity costs, as mining activity can be costly and usually takes place near the pool.

Centralization of BCH Mining Pools

The mining power of all Bitcoin Cash pools must be decentralized in order to prevent a possible 51% attack. This would be the case of someone controlling more than 50% of all the mining hash rate and interfering with the network’s speed, so they earn all the rewards. Among the BCH mining pools, the top three have mined around 50% of the blocks, and the top five – more than 60%. This can lead to the impression that the mining power is centralized, however, this is hardly the case. Even though they hold a big percentage of the hash power, they are still comprised of many individual nodes. These nodes operate on their own and receive payments directed only to them. The case of operators gathering their power to overthrow the network is highly unlikely to happen, as it would take a great number of miners and could potentially compromise the income. Nevertheless, I recommend that you consider joining a smaller pool, so you don’t contribute to the centralization of the mining power.

Pool Distribution (calculate by blocks)

Pool	Hashrate Share
ViaBTC	22%
BTC.com	8%
antpool	6%
Bitcoin.com	4%
BTCC	1%
Other pools	59%

History and future of the Bitcoin Cash currency

Bitcoin Cash is essentially a Bitcoin spin-off. In July 2017 Bitcoin miners, motivated by the increasing bitcoin fees, decided to create a hard fork by increasing the block size. This created a split of Bitcoin into Bitcoin and Bitcoin Cash. The first Bitcoin Cash block was mined on 1 August 2017. At the moment both currencies use the same few pools to create over the half of their blocks. The small but very frequent payments in the Bitcoin Cash network have led many people to prefer mining in it over Bitcoin and even more growth in the network is expected in the future.