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The newest pool in the lot, China based 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 sensible thing to do if you want to earn money mining Bitcoin. The pools vary in size, payment methods and fees. Larger pools are safer and offer more frequent yet smaller rewards, and vice versa. For this reason, its imperative to perform your due diligence before signing up for any pool. .

If you want to discuss your experience using one of the pools 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 out for a new mining pool In this guide, we've 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 Greatest 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 evenly split among themselves according to their own contributed mining hash power. Bitcoin pool is a way to mine their funds and to discuss their hashing power.

A valid evidence of work ought to be presented in order to gain reward. Initially, generating a single block was taking years to get slower miners and then Bitcoin mining pool came into existence, in which the miners could receive a portion of block payoff and the blocks would be generated immediately. There are several Bitcoin mining pools and choosing the most popular one is quite enticing.

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China rules the world in regard to possessing the largest number of Bitcoin pools. Bitcoin pools have been ranked based on the hash electricity controlled by a pool. Here's a listing of the Largest mining pools using their hash power based on information from Blockchains pool discuss graph.

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

You will find a variety of mining pools for a variety of cryptocurrencies. As the size of the 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 technique gives prominence to the newer shares than older shares and the consumer is awarded proportionally dependent on the time of submitting this share.

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Pay Feb Last N Shares (PPLNS) This is similar to the proportional kind but changes find out in rewarding each share in numerous rounds.

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

Shared Maximum Pay Per Share (SMPPS) It's similar to pay per share but can 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 in accordance with their share, but cloud mining involves a service provider whom you have to cover mining and in turn, you get the rewards.

AntPool is the largest Bitcoin pool in regard to its hash electricity based 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 fee, however a Bitcoin mining hardware is required along with mining applications which can be downloaded afterwards.

Your earnings can be viewed on your dashboard and you can monitor your own 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 allowed to elect for peer-to-peer solo mine with your hardware  (1 percent commission ) or can additional resources select between PPLNS (0% commission ) and PPS (2.5% commission ). The commission charged on the transaction is hidden and it is not revealed by AntPool.