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The newest pool in the whole lot, China established BTC.top was founded in 2017. The company was founded by a former worker 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 earn money mining Bitcoin. The pools vary in proportion, payment methods and fees. Bigger pools tend to be safer and offer more frequent yet smaller benefits, and vice versa. For this reason, its imperative to do your due diligence before signing up for any pool. .

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

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

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What is a Bitcoin mining poolBitcoin pools throughout the globeBefore getting started using 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 block for earning bounty/reward. The reward is equally divided among themselves according to their contributed mining hash power. Bitcoin pool is a means to mine their funds and to share their hashing power.

A valid proof of work should be presented in order to gain reward. Initially, generating a single block was taking years for lesser miners and then Bitcoin mining pool came into existence, where the miners would receive a portion of block payoff and the blocks would be generated quickly. There are various Bitcoin mining pools and choosing the hottest one is quite enticing.

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China rules the world in terms check over here of possessing the largest number of Bitcoin pools. Bitcoin pools have been ranked based on the hash electricity controlled by means of a pool. Here's a list of the Biggest mining pools using their hash power based on information from Blockchains pool share chart.

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

You will find an assortment of mining pools for a variety of cryptocurrencies. Since the size of this pool increases, the payout declines, as it is to be shared among many miners. There are different reward types you should be aware of prior to mining.

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

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

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

Shared Maximum Pay Per Share (SMPPS) It is comparable to pay per share but can pay you less what the pool earns.

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There's a difference between mining pools and cloud mining. Mining pools involve a set of miners sharing the rewards in accordance with their share, but cloud mining involves a service supplier whom you need to pay for mining and in turn, you get the rewards.

AntPool is the biggest Bitcoin pool in terms of its hash power located in China. It's operated by the worlds biggest Bitcoin hardware manufacturer named Bitmain Technologies. You can create an account in AntPool without paying any charge, but a Bitcoin mining hardware is required along with mining software which can be downloaded afterwards.

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

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Creating an account in AntPool is free. Well, you are permitted to opt for peer-to-peer solo mine with your hardware  (1 percent 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 disclosed by AntPool.