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It mines about 2. Bitfury is a private pool that cannot be joined. Bitfury currently mines about 3. The comparison chart above is just a quick reference.

The location of a pool does not matter all that much. Most of the pools have servers in every country so even if the mining pool is based in China, you could connect to a server in the US, for example.

Before you join a mining pool you will also need Bitcoin mining software and a Bitcoin wallet. Many people read about mining pools and think it is just a group that pays out free bitcoins.

This is not true! Mining pools are for people who have mining hardware to split profits. Many people get mining pools confused with cloud mining.

Cloud mining is where you pay a service provider to mine for you and you get the rewards. As Bitcoin mining is somewhat centralized, mining companies have claimed the vast majority of network hash power.

With many of these companies in the same country, only a number of countries mine and export a significant amount of bitcoins.

Georgia is home to BitFury , one of the largest producers of Bitcoin mining hardware and chips. The rest of the hash power is spread across the rest of the world, often pointed at smaller mining pools like Slush Czech Republic and Eligius US.

Bitcoin miners can switch mining pools easily by routing their hash power to a different pool, so the market share of pools is constantly changing.

To make the list of top 10 miners, we looked at blocks found over the past 6 months using data from BlockTrail. The size of mining pools is constantly changing.

We will do our best to keep this posted up-to-date. Bitcoin miners are crucial to Bitcoin and its security. Without miners, Bitcoin would be vulnerable and easy to attack.

However, miners are responsible for the creation of all new bitcoins and a fascinating part of the Bitcoin ecosystem. Mining, once done on the average home computer, is now mostly done in large, specialized warehouses with massive amounts of mining hardware.

When you become a member of a mining pool, there are a number of ways your rewards for contributing hashing power can be calculated.

Essentially, the more hashing power you contribute to the pool, the more shares you are entitled to. The most simple payout scheme, Pay Per Share guarantees the miner a payout regardless of if the pool finds the next block or not.

The value of a share is determined by the amount of hashing power that is likely needed to find a block divided by the reward for finding it. If shares are likely needed to find a block and the reward is 6.

Because payment is guaranteed, more of the risk is on the mining pool operator. One final feature of Pay Per Share is that transaction fees from each block are kept by the pool operator.

Pool members are only paid based on block rewards. Pay Per Last N Shares is a more complicated payout that shifts more risk to pool members but also more rewards.

Using these numbers, the pool determines your total share contributions over the round to determine your payout.

For example, if the pool mines through 6 blocks before finding a block, Then their reward for all the hashing power the pool contributed to the network over thsy 6 block round is 6.

If you contributed shares for each of those blocks and the total number of shares was , then your payment would be. The idea behind this payout scheme is that it removes all luck and only pays members based on their contribution to actual revenue earned by the pool.

This scheme also incentivises members to continue mining on in the pool even as the profitability of mining different coins rises comparatively.

This is because disconnecting from the pool before a block is found will pay you nothing. Pools that use Pay Per Last N Share may or may not include transaction fees in their reward payouts so it is up to your to find this out from each pool.

Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate.

Antpool mined its first block in March , meaning that it emerged roughly four years after the first mining pool; Slushpool.

Antpool is run by Bitmain Technologies Ltd. Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability US, Germany, China etc.

First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. If you need help deciding, I suggest you take a look at our hardware and software guides.

So make sure to make the right choice in order to optimize your rewards. The operator receives a portion of payouts during short rounds and returns it during longer rounds to normalize payments.

BPM : Bitcoin Pooled mining BPM , also known as "Slush's pool", uses a system where older shares from the beginning of a block round are given less weight than more recent shares.

This reduces the ability to cheat the mining pool system by switching pools during a round. POT : The Pay on Target POT approach is a high variance PPS that pays out in accordance with the difficulty of work returned to the pool by a miner, rather than the difficulty of work done by the pool itself.

This process makes later shares worth more than earlier shares and scored by time, thus rewards are calculated in proportion to the scores and not shares submitted.

When the block rewards are distributed, they are divided equally among all shares since the last valid block and the shares contributed to stale blocks are cycled into the next block's shares.

Rewards are only paid out if a miner earns at least. However, if a Bitcoin miner does not submit a share for over a period of a week, then the pool will send any remaining balance, regardless of its size.

The administrators of these Bitcoin mining pools use some of the Bitcoins generated when a block is found to add to a jackpot that is triggered and paid out to the member of the pool who found the block.

In this way, everyone in the pool has a better chance to make additional Bitcoins, regardless of their processing power. Global Vol. Any of your friends who register with your special url and order any Bitcoin mining plan will make profit not just for himself - you will also get bonus for your recommendations.

Welcome to leading Bitcoin mining pool Earn up to Choose your plan and start earning much more Our service make Bitcoin mining absolitely easy for every person!

Most Popular Standart. Real Time Payouts This table shows real-time payouts to our customers. View More Payouts. What is BitcoinOnlinePool?

BitcoinOnlinePool is an industry leading Bitcoin mining pool. All of the mining power is backed up by physical miners. Mining with the latest algorithms allows to make as much Bitcoin as possible.

We aim to provide you with the easiest possible way to make money without having to do any of the hard stuff. With data centers around the globe, we aim to keep bills down and mining power high, meaning you can make more in a shorter amount of time than what it would take to mine from your home for instance.