Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: mary009 on September 18, 2020, 09:11:16 AM
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By cooperating with extra bitcoin miners by joining a mining pool, at that point you increase your odds of procuring for your efforts and spent resources. To put it differently, you will be able to stand an opportunity against the large players on the mining planet.
BTCMiner
BTCMiner is the largest bitcoin mining pool of the moment, and has also become the go-to pool for quite a very long time. It was established in 2015 by Blocktrail and was initially created as an internet cryptocurrency wallet, a ceremony BTCMiner nonetheless provides. Aside from this pocket, BTCMiner also supplies a block explorer with which you are able to navigate through the Bitcoin blockchain. The mining pool was obtained by the large Chinese mining maker Bitmain in 2017. The mining pool mines bitcoin (BTC), bitcoin money (BCH) and ethereum (ETH).
F2Pool
Next up is F2Pool, the second-biggest mining pool of the instant. F2Pool is two or three years older than BTCMiner because it had been set in 2013 by Discusfish and Wang Chun. Additionally, this exploration pool consists of Chinese origin and provides aside from this mining pool many tools like iOS and Android software along with a mining earnings comparison tool.
To put it differently, there are various choices to pick from! Taking a look at the numbers we see F2Pool mined 665 cubes on the Bitcoin blockchain or 14.9% of their total. The bitcoin mining pool generates a hash rate of 16.260 PH/s, marginally higher than that of BTCMiner. It is all-time large in regards to the number of cubes mined in a month's 1.203 cubes, a record that it place in May of 2016.
Poolin
Finally, we'll have a look at Poolin, a comparatively young mining pool which has been founded in 2017. In its brief lifetime, it was able to climb into the next place and has been around for a long time. It was established by the creators of BTCMiner, which means also Poolin is Chinese.
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3 Best Mining Pools
Below, I'm going to list three of the best mining pools that I recommend to miners.
Slush Pool
Launched in 2010, the Slush Pool is the first and definite Bitcoin mining pool that changes the way miners can earn more cryptocurrency. This project is based in the Czech Republic.
Slush Pool is described as a medium sized pool. A drawback of mining pools is a fixed fee for each transaction. The platform maintains a 2% fee on each trade action, which is subsequently shared with miners.
In the case of cryptocurrency withdrawals, a miner can adjust the limit on the amount he wants to cash out. The appearance seems very friendly. All details are shared and organized. Even if Slush Pool is not the largest Bitcoin mining service pool, it is considered to be one of the best.
Are you a passionate Zcash? Great, because the Slush Pool also offers the opportunity to mine the Zcash cryptocurrency. For Zcash you will not be charged per every transaction.
From the very beginning of the Slush Pool, there are registered over 1,000,000 Bitcoin mined from all over the world. The platform assures users that the server is very secure as well as your wallet address due to two-factor authentication.
They also provide professional support 24 hours per day. You can download the Slush Mining Pool from the official Slush Pool website.
Antpool
Antpool is a large mining pool, based in China. Launched in March 2014 and supported by the world's largest mining hardware manufacturer, Bitmain Technologies LTD. The mining pool operates around 20% of the network's hash rate. Due to this, Antpool is the largest mining pool on a global level.
The advantage of Antpool is that you can choose how to withdraw your cryptocurrencies. There are two possibilities: PPLNS (Pay Per Last N Share) which has no fees and PPS (Pay Per Share) which maintains a 2.5% fee per transaction.
Antpool also has a friendly interface that beginners will surely appreciate. The details are set, you can choose to have email alerts and wallet keys.
One of the drawbacks is that the payouts have become smaller due to Antpool's large size platform.
F2Pool
F2Pool is a more powerful mining pool, based in China. It was launched in 2013 and today has a hash rate of 9.5% at the time the article was written.
Mining pools operate on a Pay Per Share reward system and maintain a 4% fee per each transaction, which is F2Pool's main disadvantage.
Why do we recommend it as one of the best mining pools even though it's not the biggest? Well, the upside is that F2Pool is a more powerful mining pool that incorporates more cryptocurrencies. These are: Bitcoin, Litecoin, Ethereum, Zcash, Siacoin and Dashcoin. With one software you can manage to mine all of these cryptocurrencies, following the F2Pool rules, of course.
Another advantage is that F2Pool has an English interface compared to other Chinese mining pools.
You can start mining now. Go check F2Pool's official website.