A mining pool is a network where miners can contribute their computing power to the discovery of new blocks. As such, each miner gets a reward for his contributions to the success rate of the mining network. Mining pool became a prominent concept in the crypto space because it costs more to individually mine cryptocurrencies.
Top Bitcoin Mining Pools
Mining bitcoin involves a rigorous and a power consuming process of solving computational puzzles with mining devices. As such there are networks that allow miners to contribute their hashing power to increase their chances of finding a new block while reducing the cost of mining bitcoin.
Which mining pool platforms have the best and most efficient bitcoin mining features?
AntPool by Bitmain Technologies Ltd is known for designing innovative bitcoin mining ASIC chips. Therefore, it is tops the list of the bitcoin mining pools with the highest block creation success rate as it has discovered 16.4% of existing blocks of the bitcoin blockchain. In addition, the pools’ hash rate is currently 8,192.71 EH/s.
BTC.com came into existence in 2016 which is currently working at a hash rate of 8.07 EH/s. In addition, some of the innovative features of BTC.com platform are the full pay-per-share (FPPS) payment mechanism, BTC smart agent, and mining profit calculator.
BTC.TOP discovers 10.26% of the total blocks of the bitcoin blockchain with a current hash rate of 5.56 EH/s.
F2pool also discovers 11.32% of the existing blocks on the blockchain. In addition, the mining pool currently has a 6.14 EH/s hash rate. The platform’s minimum amount of bitcoin that can be withdrawn is 0.001 BTC. It utilizes the vardiff and a stratum mining protocol
Slush Pool by Satoshi Labs is one of the user-friendly mining pool in the crypto space. It has a hash rate of 4.98 EH/s, as such, it is fifth on the list of the mining pools with the highest block discovery success rate.
ViaBTC has a current hash rate of 4.04 EH/s, and it discovers 8.12% of the total blocks on the bitcoin blockchain. In addition, it supports both the PPS and the PPLNS payment methods.
Huobi pool’s present hash rate is 1.27 EH/s and it discovers 2.35% of existing blocks of the bitcoin blockchain. In addition, it has a native token called Huobi Pool Token (HPT). They also connect to the Huobi’s crypto exchange platform.
Bitfury is a private pool, therefore, it is not available to individual miners. At the moment, the mining pool has a hash rate of 1.16 EH/s and it discovers 1.16 of existing blocks of the blockchain.
Dpool’s 1.39 EH/s hash rate currently makes it the ninth most successful bitcoin mining pool in crypto space. The platform has discovered 2.56% of existing blocks of the blockchain.
Poolin is eight most successful mining pool as it has a hash rate of 1.39 EH/s. in addition, it also has a native token dubbed PIN.
The aforementioned platforms are currently the top mining pools of the crypto space. However, miners should consider the pros and cons of each before choosing a mining pool.
You can also refer some relative coverage:
- The Battle Between Cloud Mining and Hardware Mining! Which is Your Favorite?
- All about Mining Rig
- Bitcoin Mining Explained
- How Bitcoins are Mined?
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