Mining Pools Explained (2026)

Your Pool Decides
How Much You Actually Earn

Solo mining a modern coin is a lottery. A mining pool combines thousands of machines so payouts arrive steadily. This guide explains what a pool is, how to connect your device, and which pool fits your coin — with the fees and payout models laid side by side.

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01The Basics

What Is A Mining Pool?

When your ASIC mines alone, it only earns when it personally finds a block — which, on a large network like Bitcoin, might be never. A mining pool is a group of miners that combine their hashrate into one shared effort. When the pool finds a block, the reward is split among everyone according to the work they contributed.

The result is steady, predictable income instead of rare jackpots. You point your machine at the pool, the pool does the coordination, and you receive regular payouts to your wallet — minus a small pool fee.

Almost every serious miner uses a pool. The only real question is which one — and that comes down to your coin, the fee, and the payout model.

Combined effort
Thousands of miners,
one reward pool
One machine
= one worker
02The Basics

What Is A Worker?

Inside your pool account, each mining machine is registered as a worker. A worker is just a named connection — for example account.rig01 — so the pool can track each device separately.

Run ten machines and you'll have ten workers under one account. That lets you see exactly which unit is online, its hashrate, and its temperature at a glance — and spot instantly if one drops offline.

You choose the worker name yourself when you configure the miner. Keep them descriptive (location, rack, unit number) and monitoring stays effortless as you scale.

03The Basics

Payout Models, In Plain Words

Every pool pays out under a scheme. It decides how stable your income is and who carries the risk of luck. These are the ones you'll see:

PPS · fixed pay per share FPPS · PPS + a cut of tx fees PPS+ · FPPS with bonus tuning PPLNS · rewards follow real luck SOLO · winner takes the block

PPS / FPPS / PPS+ give you a steady, predictable payout — the pool absorbs the luck. PPLNS can pay slightly more over time but swings with the pool's luck. SOLO is a gamble: you keep an entire block if you find one, nothing if you don't.

For most buyers, a FPPS or PPS+ pool is the sensible default — reliable income you can actually forecast.

Most popular
FPPS & PPS+ — steady income
Time needed
~5 minutes per machine
04Setup Guide

How To Connect Your Device To A Pool

Connecting an ASIC to a pool is the same five steps everywhere — once you've done one, you've done them all.

Step 1

Create your pool account

Register with the pool (ideally through our link) and add the wallet address where you want to be paid.

Step 2

Open your miner's dashboard

Find the machine's IP address on your network and log in to its web panel in a browser.

Step 3

Enter the pool URL & port

In "Miner Configuration", paste the pool's stratum URL and port for your coin into the Pool 1 field.

Step 4

Set your worker name

Use the format account.worker — e.g. myname.rig01 — and add backup pools in Pool 2 & 3.

Step 5

Save, reboot & verify

Apply the settings. Within minutes your worker appears "online" in the pool dashboard with live hashrate.

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The Pools (05)

Eight Pools, Every Major Coin

Each pool below is a chapter of its own — main coins, fee, payout model, what makes it different, and who it suits best. Open an account through our links to get started in minutes.

❋ Affiliate links — registering through them supports MillionMiner at no extra cost to you
POOL 01 / 08
F2Pool logo
F2Pool

The world's largest multi-coin pool — a safe default for almost any ASIC.

BTC LTC/DOGE Kaspa ETC +15 more
Fee
1–5% / coin
Payout Model
FPPS / PPS+
  • 15+ coins under one account — mine BTC today, switch tomorrow
  • Massive, battle-tested hashrate and near-perfect uptime
  • Clear dashboards and per-coin setup guides for beginners
Best for: first-timers & multi-coin miners Free · ~5 min setup · No KYC
F2Pool
01
f2pool.com
F2Pool
MAINNET · UP
Pool fee
1–5% / coin
Payout
FPPS / PPS+
myname.rig01 — online +15 more
Payout sent
+0.00318 BTC
2 min ago
POOL 02 / 08

Low fees, no KYC, and a built-in savings account for your rewards.

BTC LTC/DOGE ETC Kaspa DASH BCH
Fee
from 1.5%
Payout Model
PPS+ / PPLNS
  • Coinhold savings — earn up to 14% APR on mined balances
  • No KYC required; instant payouts to your own wallet
  • Strong referral program and a clean all-in-one app
Best for: low fees + earning on idle balance Free · ~5 min setup · No KYC
EMCD
02
Scan & join EMCD QR code MillionMiner × EMCD
emcd.io
MAINNET · UP
Pool fee
from 1.5%
Payout
PPS+ / PPLNS
myname.rig01 — online 6 coins
Payout sent
+0.00214 BTC
2 min ago
POOL 03 / 08
ViaBTC logo
ViaBTC

A full mining ecosystem — pool, auto-convert, and miner financing in one.

BTC BCH LTC/DOGE +20 more
Fee
4% PPS+ / 2% PPLNS
Payout Model
PPS+ / PPLNS / SOLO
  • Auto-convert mined coins straight to BTC or USDT
  • Choose PPS+, PPLNS or SOLO per your risk appetite
  • Integrated exchange and collateralised miner loans
Best for: miners who want an all-in-one ecosystem Free · ~5 min setup · No KYC
ViaBTC
03
viabtc.com
ViaBTC
MAINNET · UP
Pool fee
4% PPS+ / 2% PPLNS
Payout
PPS+ / PPLNS / SOLO
myname.rig01 — online +20 more
Payout sent
+0.00287 BTC
2 min ago
POOL 04 / 08
Antpool logo
Antpool

One of the biggest pools on earth, backed by Bitmain-scale infrastructure.

BTC LTC/DOGE ETC Kaspa
Fee
0% PPLNS / 4% PPS+
Payout Model
PPLNS / PPS+ / SOLO
  • Enormous hashrate share — very consistent block finds
  • 0% PPLNS option for fee-sensitive miners
  • No-KYC mining with flexible payout thresholds
Best for: scale and consistency Free · ~5 min setup · No KYC
04
Antpool
antpool.com
Antpool
MAINNET · UP
Pool fee
0% PPLNS / 4% PPS+
Payout
PPLNS / PPS+ / SOLO
myname.rig01 — online 4 coins
Payout sent
+0.00352 BTC
2 min ago
POOL 05 / 08
Luxor logo
Luxor

US-based, transparent, and the go-to for Kaspa and Alephium.

BTC Kaspa Alephium ZEC RVN
Fee
2% PPS / 1% PPLNS
Payout Model
PPS+ / PPLNS
  • North-American servers and full regulatory transparency
  • Leading pool for Kaspa & Alephium next-gen coins
  • Pro tooling: firmware, hashrate marketplace, analytics
Best for: Kaspa/Alephium & US-based miners Free · ~5 min setup · US-based
Luxor
05
luxor.tech
Luxor
MAINNET · UP
Pool fee
2% PPS / 1% PPLNS
Payout
PPS+ / PPLNS
myname.rig01 — online 5 coins
Payout sent
+1,240 KAS
2 min ago
POOL 06 / 08
Braiins Pool logo
Braiins Pool

The original Bitcoin pool — formerly Slush Pool, running since 2010.

BTC
Fee
2.5% FPPS / 0%*
Payout Model
FPPS
  • The longest-running pool in Bitcoin — proven track record
  • 0% fee when running Braiins OS firmware
  • Deep transparency and pro-grade monitoring
Best for: Bitcoin purists & Braiins OS users Free · 0% fee with Braiins OS
Braiins Pool
06
braiins.com
Braiins Pool
MAINNET · UP
Pool fee
2.5% FPPS / 0%*
Payout
FPPS
myname.rig01 — online 1 coins
Payout sent
+0.00296 BTC
2 min ago
POOL 07 / 08
Binance Pool logo
Binance Pool

Mine straight into your Binance account — zero-friction payouts.

BTC LTC/DOGE
Fee
~4% FPPS
Payout Model
FPPS
  • Payouts land directly in your Binance wallet — no transfers
  • Instant access to trade, hold or convert your rewards
  • Backed by the world's largest exchange
Best for: Binance users who want it seamless Free · KYC required · instant exchange payouts
Binance Pool
07
pool.binance.com
Binance Pool
MAINNET · UP
Pool fee
~4% FPPS
Payout
FPPS
myname.rig01 — online 2 coins
Payout sent
+0.00231 BTC
2 min ago
POOL 08 / 08

Not a normal pool — a hashpower marketplace that always pays in BTC.

All algos Paid in BTC
Fee
~2–4%
Payout Model
Marketplace (pay-per-hash)
  • Sells your hashpower to the highest bidder — always paid in BTC
  • Supports every algorithm, so any miner can connect
  • Great fallback when a coin has no strong dedicated pool
Best for: flexibility & BTC-only payouts Free · every algorithm · paid in BTC
NiceHash
08
Scan & join NiceHash QR code MillionMiner × NiceHash
nicehash.com
MAINNET · UP
Pool fee
~2–4%
Payout
Marketplace (pay-per-hash)
myname.rig01 — online 2 coins
Payout sent
+0.00189 BTC
2 min ago
Find Your Pool (06)

Which Coin Are You Mining?

Pick your coin and we'll show the pools that support it — ranked the way we'd recommend them.

FAQ (07)

Common Questions

For a first-time miner, a large pool with an FPPS or PPS+ payout is the easiest start — income is steady and predictable, and the dashboards are beginner-friendly. Pools like F2Pool, ViaBTC and EMCD are common starting points because they support many coins and have clear setup guides.

Pool mining is the right choice for almost everyone. Solo mining only pays when your own machines find a block — with one or a few ASICs on a network like Bitcoin, that statistically takes years to decades, so most solo miners earn nothing. A pool merges your hashrate with thousands of others and pays you a proportional share of every block, turning the same hardware into steady daily income. Solo mining only makes sense at industrial scale or on very small networks where you control a meaningful share of the hashrate.

FPPS pays you a fixed amount per share plus a share of transaction fees, so your income is smooth and the pool absorbs bad-luck days. PPLNS pays based on the pool's actual recent luck — it can earn slightly more over the long run but swings up and down. FPPS is the safer choice if you want to forecast revenue.

Typical fees run from about 1% to 4% depending on the coin and payout model. PPLNS options are often cheaper (sometimes 0–2%) but carry more variance, while FPPS/PPS+ sit around 2–4% for the stability they provide. A slightly higher fee on a reliable, high-uptime pool usually beats a cheap pool with frequent downtime.

We rank pools per coin by fee, payout reliability, uptime, coin support and beginner-friendliness — the order you see in "Find your pool" reflects that. The links here are affiliate links: if you register through them the pool shares a small part of its own fee with us at no extra cost to you. You pay the exact same pool fee either way, and it keeps guides like this free.

The pool tracks the shares your machines submit and credits your account balance continuously. Once the balance reaches the payout threshold — for example 0.001 BTC on many Bitcoin pools — it is sent automatically to the wallet address you saved, usually once per day. FPPS pools pay that daily amount regardless of whether the pool found a block that day.

The large, established pools are — operations like F2Pool, Antpool and Braiins have paid out reliably for over a decade. The practical risks are using an unknown pool with no track record, or leaving large balances sitting on the pool. Keep it safe by choosing a pool with years of history, paying out to your own wallet, and setting a low payout threshold so the pool never holds much of your money.

It depends on the pool. Several major pools — including EMCD, Antpool and ViaBTC — let you mine without identity verification, while exchange-linked pools such as Binance Pool require a verified account. If privacy matters to you, choose a no-KYC pool and pay out to your own wallet.

The stratum URL is the address your ASIC uses to talk to the pool — it looks like stratum+tcp://btc.f2pool.com:3333. Every pool lists its stratum URLs per coin and region on its "connect" or "getting started" page. You paste it into the Pool 1 field of your miner's dashboard together with your worker name, and the machine starts submitting shares within minutes.

Luxor is our top pick for Kaspa: it runs first-class kHeavyHash support with North-American servers, transparent statistics and professional tooling. F2Pool and Antpool also mine KAS reliably if you prefer keeping every coin under one account. For Alephium the picture is similar — Luxor leads, NiceHash is the fallback.

Luck describes how a pool's actual block finds compare to statistical expectation — 100% is exactly on target, 120% is a lucky streak, 80% an unlucky one. Variance is how strongly that luck swings your income. On FPPS pools the operator absorbs the variance and your payout stays flat; on PPLNS pools your earnings follow the luck curve directly.

Yes, but less than most people think. A closer server means lower latency and fewer stale shares — typically a difference of well under 1%. Simply pick the pool's regional endpoint (EU, US or Asia) closest to your machines or hosting facility. Uptime and payout reliability matter far more than shaving a few milliseconds.

Yes, at any time and without cost. Pools have no contracts or lock-ins — switching is just replacing the stratum URL in your miner's dashboard with the new pool's address, which takes about five minutes. Any small unpaid balance on the old pool is still paid out once you cross its threshold, or on its scheduled settlement day.

You don't split one machine across pools simultaneously, but every miner lets you set backup pools (Pool 2 and Pool 3). If your primary pool goes offline, your ASIC automatically fails over to the next one — so you never lose mining time. Always configure at least one backup.

The pool itself does not change how much you earn — it makes your earnings predictable. Revenue depends on your hardware's hashrate and efficiency, the coin's price and network difficulty, and your electricity cost; the pool then takes its 1–4% fee. As a rough 2026 reference, a modern Bitcoin ASIC like the Antminer S21 earns in the single-digit dollars per day before power. Use a profit calculator with your own power price to get a real number.

Not Sure Which To Pick?

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Tell us your machine and the coin you want to mine — we'll recommend a pool, help you configure your worker, and get you earning. Free for every MillionMiner customer.

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