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The newest pool in the whole lot, China based BTC.top was founded in 2017. The company was founded by a former employee of China Mobile, Jiang Zhour. The swimming pool is medium in size at the time of writing. At the moment, BTC.top is a personal mining pool and so 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 proportion, payment procedures and fees. Larger pools tend to be safer and provide more frequent yet smaller rewards, and vice versa. Due to this, its imperative to do your due diligence before signing up for any pool. .

If you want to discuss your experience with one of the pools above, or inform us of a new pool, don't hesitate 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 the following guide, we've reviewed a few of the best Bitcoin mining pools that's helpful for you to get started. Lets jump right into it! .

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What is a Bitcoin mining poolBitcoin pools throughout 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 block for earning bounty/reward. The reward is equally divided 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 should be presented in order to gain reward. Initially, generating a single block was taking years to get lesser miners and then Bitcoin mining pool came into existence, where the miners would be given a portion of block reward and the blocks would be generated quickly. There are various Bitcoin mining pools and choosing the most popular one is quite enticing.

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China rules the world in terms of possessing the greatest number of Bitcoin pools. Bitcoin pools are ranked depending on the hash power controlled by means of a pool. Here is a listing of the Biggest mining pools with their hash power based on information from Blockchains pool share graph.

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

There are an assortment of mining pools for a variety of cryptocurrencies. As the size of this pool increases, the payout decreases, as it is to be shared among many miners. There are different reward types that you should be aware of before mining.

Score-based This method gives prominence to the newer stocks than shares that are older and the user is given proportionally based 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 varies in rewarding each share in numerous rounds.

Full Pay-per-Share (FPPS) It's 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 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 provider 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 is operated by the worlds biggest Bitcoin hardware manufacturer named Bitmain Technologies. You can create an account in AntPool without paying any fee, but a Bitcoin mining hardware is required along with mining software which can be downloaded later.

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Your earnings can be viewed on your dash and you can monitor your own hash rate 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 opt for peer to peer solo mine with your hardware  (1 percent commission ) or can choose between PPLNS (0% fee) and PPS (2.5% fee). The commission charged on the transaction will be hidden and it is not disclosed by AntPool.

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