Mining remains one of the most accessible entry points into the world of digital assets, and choosing the right mining pool is crucial for maximizing returns. Among the well-known platforms in the space, Huobi Pool—though no longer under the Huobi brand—once offered a reliable infrastructure for miners seeking stable payouts and diversified coin support. While the platform has evolved, understanding its historical capabilities provides valuable insight into modern Proof-of-Work (PoW) mining strategies.
This guide explores what cryptocurrencies were supported by Huobi Pool, how miners could earn rewards, and the various payout models used across mining ecosystems. Whether you're exploring BTC mining, altcoin opportunities, or dual-mining options, this overview delivers actionable knowledge for both new and experienced miners.
👉 Discover how to optimize your mining rewards with advanced tools and real-time data.
Supported Cryptocurrencies on Huobi Pool
At its peak, Huobi Pool enabled users to mine several major Proof-of-Work blockchains. The platform supported the following digital currencies:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Ethereum (ETH) (pre-Merge)
- Ethereum Classic (ETC)
- Decred (DCR)
Each of these coins operated on its own consensus algorithm and network rules, but Huobi Pool unified their mining operations under a single dashboard, simplifying management for users running multiple rigs or ASICs.
A key feature offered was dual mining support for HPT (Huobi Pool Token), allowing miners to simultaneously earn primary block rewards plus additional HPT tokens based on their contributed hash power. This incentivized long-term participation and added an extra revenue stream beyond standard block subsidies.
Payout Models: How Miners Earned Rewards
Mining pools distribute earnings using different reward calculation systems. These models balance risk between miners and pool operators while influencing payout stability and frequency. Huobi Pool implemented two primary models:
1. FPPS (Full Pay Per Share)
Used for BTC and ETH, FPPS includes both block rewards and transaction fees in the payout calculation. It deducts a small service fee before distributing funds, ensuring miners receive a more accurate reflection of network earnings over time. This model offers higher long-term profitability but may have slightly more variance due to fee fluctuations.
2. PPS (Pay Per Share)
Applied to BCH, LTC, ETC, and DCR, PPS pays miners a fixed amount per valid share submitted, regardless of whether the pool finds a block. The pool operator assumes the risk of block discovery variance, making this method more stable for individual miners—especially those with limited hash power.
These models reflect broader industry standards, emphasizing transparency and predictability in reward distribution.
Common Mining Reward Systems Explained
While Huobi Pool primarily used FPPS and PPS, it’s helpful to understand alternative payout mechanisms that exist across the mining ecosystem:
Slush’s Method
One of the earliest mining pool reward systems, Slush’s method uses a score-based weighting system where older shares have less influence than newer ones. This discourages miners from switching pools mid-round to exploit luck-based variance, promoting fairness and long-term participation.
Pay-Per-Share (PPS)
As mentioned, PPS provides immediate compensation for every valid share. Because payments come from the pool’s reserve wallet, miners can withdraw earnings without waiting for block confirmations. While convenient, this model exposes operators to financial risk during dry spells, which is typically offset by slightly higher fees.
👉 Learn how real-time analytics can improve your mining efficiency and profitability.
Luke-Jr Method
This hybrid approach combines elements of Slush’s scoring with instant payouts upon block discovery. Shares are reused across blocks to maintain continuity, and payouts occur only when a miner’s balance exceeds 1 BTC. Unclaimed balances are distributed after one week of inactivity, preventing fund lockups.
Triplemining
Designed for collaboration among mid-sized pools, Triplemining aggregates hash power to increase block discovery chances. When a block is found, 1% of the reward is redistributed among participating pools based on their contributed hashrate—encouraging decentralization and cooperation.
P2Pool (Peer-to-Pool)
Unlike centralized pools, P2Pool operates on a decentralized peer-to-peer network using a "share chain" similar to blockchain technology. There's no single point of failure or control, making it resistant to DDoS attacks and censorship. Miners receive 99% of the block reward, with 0.5% going to the node that mines the share block.
Puddinpop Method
An experimental model using “meta-hash” techniques and custom software, this method is largely obsolete today and not used by any major active pools.
Choosing the Right Mining Pool: Key Factors
Selecting a mining pool isn't just about supported coins—it's about sustainability, reliability, and alignment with your goals. Consider these factors when evaluating any mining pool:
- Hashrate Distribution: Larger pools find blocks more consistently, reducing payout variance.
- Fee Structure: Compare service fees across FPPS, PPS, and other models.
- Payout Frequency: Look for low minimum thresholds and frequent disbursements.
- Transparency: Reliable pools publish real-time stats on hashrate, blocks found, and uptime.
- Security & Uptime: Downtime means lost revenue; choose platforms with strong infrastructure.
- Dual Mining Options: Extra incentives like token rewards can boost overall profitability.
Even though Huobi Pool has transitioned out of direct mining operations, its legacy informs current best practices in pool design and user experience.
Frequently Asked Questions (FAQ)
Q: Is Huobi Pool still active for cryptocurrency mining?
A: No, Huobi has exited the mining pool business. However, many of its supported coins—like BTC, LTC, and ETC—are still mineable through other major pools using similar payout models.
Q: What does FPPS mean in crypto mining?
A: FPPS stands for Full Pay Per Share. It pays miners for each valid share while including transaction fees in the total reward calculation, offering a more comprehensive return over time.
Q: Can I mine Ethereum on PoW pools today?
A: Ethereum has transitioned to Proof-of-Stake (PoS), so it's no longer mineable. However, Ethereum Classic (ETC) remains a viable PoW alternative with strong community support.
Q: What is dual mining?
A: Dual mining allows you to simultaneously mine two cryptocurrencies—for example, ETH + TON or BTC + HPT—maximizing hardware utilization without significant performance loss.
Q: Which payout method is best for small miners?
A: PPS is generally better for small-scale miners because it offers steady income with lower variance compared to methods like PPLNS or Slush.
Q: How do I start mining cryptocurrencies today?
A: Choose a supported coin, acquire compatible hardware (ASICs for SHA-256 coins like BTC; GPUs for Scrypt or Keccak-based chains), join a reputable pool, and configure your miner using provided connection details.
👉 Access next-generation trading and mining insights with secure, high-performance tools.
Final Thoughts
While Huobi Pool is no longer operational under that name, its framework highlighted essential aspects of successful mining operations: diversified coin support, transparent payout models, and innovative incentives like dual mining. Today’s miners can apply these lessons when selecting platforms that support BTC, LTC, DCR, ETC, and other Proof-of-Work assets.
As the landscape evolves, staying informed about payout mechanisms, network difficulty trends, and emerging coins is vital for maintaining profitability. Whether you're running a single GPU rig or managing a large-scale farm, strategic choices today lay the foundation for long-term success tomorrow.
Keywords: cryptocurrency mining, mining pool, BTC mining, FPPS vs PPS, dual mining, PoW coins, Ethereum Classic mining, Litecoin mining