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The newest pool in the lot, China established BTC.top was founded in 2017. The company was founded by a former employee of China Mobile, Jiang Zhour. The pool is medium in size at the time of writing. At the moment, BTC.top is a private mining pool and thus cannot be joined.

Joining a mining pool is the logical thing to do if you want to make money mining Bitcoin. The pools vary in size, payment methods and penalties. Bigger pools tend to be safer and provide more frequent yet smaller benefits, and vice versa. Due to this, its critical to perform your due diligence before signing up for any pool. .

If you want to share your experience using one of the pools or tell us of a new pool, feel free to drop us a line in the comments section below.

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Are you new to mining and have an interest in becoming a Bitcoin miner Or are you a miner and currently looking out for a new mining pool In this article, we have reviewed a few of the best Bitcoin mining pools which is helpful for you to get started. Lets jump right into it! .

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What is a Bitcoin mining poolBitcoin pools across the globeBefore getting started with miningTop 11 Best Bitcoin Mining Pools 2018:1. AntPool2. Slush Pool3. F2Pool4. BTCC Pool5. Eligius6. BTC.com7. BW Pool8. Bixin9. Bitfury10. ViaBTC Pool11. CkPoolThe bottom line

Bitcoin miners are a group of miners who are indulged in solving a cube for earning bounty/reward. The reward is evenly split among themselves according to their contributed mining hash power. Bitcoin pool is a way to mine their resources and to share their hashing power.

A valid proof of work should be presented in order to gain reward. Initially, generating a single block has been taking years for slower miners and then Bitcoin mining pool came into existence, in which the miners could be given a portion of block reward and the cubes would be generated quickly. There are several Bitcoin mining pools and choosing the hottest one is quite enticing.

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China rules the planet in terms of possessing the largest number of Bitcoin pools. Bitcoin pools are ranked based on the hash power controlled by a pool. Here's a list of the Biggest mining pools using their hash power based on information from Blockchains pool share graph.

AntPool (25.2percent ), BTC.TOP (11.2percent ), BTC.com (10.2percent ), Bixin (8.1%), BTCC Pool (7.3%), F2Pool (5.4%), ViaBTC (5 percent ), BW.COM (5 percent ), BitClub Network (4.8percent ), Bitcoin.com (3 percent ), SlushPool (2.6%), Unknown (2.3percent ), GBMiners (2 percent ), BitFury (1.9percent ), CANOE (1.2percent ), 1Hash (1.1%), Telco 214 (1.1%), Eligius (1%)  BATPOOL (0.9%), Waterhole (0.6%), ConnectBTC (0.6%), Bitcoin India (0.2%), Solo CKPool (0.2percent ), BitcoinRussia (0.2percent ). .

You will find a variety of mining pools for various cryptocurrencies. As the size of this pool increases, the payout declines, as it's to be shared among many miners. There are different reward types you should know about prior to mining.

Score-based This method gives prominence to the newer shares than shares that are older and the user is awarded proportionally based on the time of submitting the share.

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Pay Feb Last N Stocks (PPLNS) This is similar to the proportional type but varies in rewarding each share in numerous rounds.

Complete Pay-per-Share (FPPS) It's her comment is here similar to PPS but includes dividing transaction fee among miners along with rewards. The transaction fee is dispersed according to the miners hash electricity.

Shared Maximum Pay Per Share (SMPPS) It's similar to pay per share but will pay you less what the swimming pool earns.

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There is a difference between mining pools and cloud mining. Mining pools involve a set of miners sharing the rewards as per their share, but cloud mining involves a service provider whom you Blockchain Transaction Fee need to pay for mining and in turn, you have the rewards.

AntPool is the largest Bitcoin pool in regard to its hash electricity located in China. It is run by the worlds biggest Bitcoin hardware manufacturer named Bitmain Technologies. You can create an account in AntPool without paying any charge, however a Bitcoin mining hardware is expected along with mining applications that can be downloaded later.

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Your earnings can be considered on your dashboard and you can monitor your hash rate on a minute, an hour or on daily basis. .

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Creating an account in AntPool is totally free. Well, you're allowed to opt for peer to peer Royal mine with your hardware  (1% commission ) or can choose between PPLNS (0% commission ) and PPS (2.5% fee). The commission charged on the transaction is hidden and it is not revealed by AntPool.

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