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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 worker of China Mobile, Jiang Zhour. The swimming pool is medium in size at the time of writing. At the moment, BTC.top is a private 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 penalties. Larger pools tend to be safer and provide more frequent however smaller rewards, and vice versa. For this reason, its critical to do your due diligence before signing up for any pool. .

If you want to discuss your experience using one of the pools above, or tell us of a new pool, don't hesitate 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 the following article, 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 across the globeBefore getting started using 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 that are indulged in solving a block for earning bounty/reward. The reward is equally split among themselves according to their contributed mining hash electricity. Bitcoin pool is a means to mine their resources and to share their hashing power.

A valid proof of work ought to be presented in order to gain reward. Initially, generating a single block was taking years for lesser miners and then Bitcoin mining pool came into existence, where the miners could be given a portion of block reward 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 greatest number of Bitcoin pools. Bitcoin pools are ranked based on the hash electricity controlled by a pool. Here is a list of the Biggest mining pools using their hash electricity based on information from Blockchains pool share graph.

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

There are an assortment of mining pools for various cryptocurrencies. Since the size of the 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 shares than older shares and the user is given proportionally dependent on the time of submitting this discuss.

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Pay Per Last N Stocks (PPLNS) This is similar to the proportional kind but changes in rewarding each share in numerous rounds.

Complete 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 power.

Shared Maximum Pay Per Share (SMPPS) It's comparable to pay per share but will cover you less what the pool earns.

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There is a difference between mining pools and cloud mining. Mining pools involve a group of miners sharing the benefits in accordance with their share, but cloud mining involves a service provider whom you have to pay for mining and in turn, you have the rewards.

AntPool is the largest Bitcoin pool in regard to its hash power located in China. It's operated by the worlds largest Bitcoin hardware manufacturer called 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.

Your earnings can be viewed on your dash and you can monitor your 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 fee) or can select between PPLNS (0% commission ) and PPS (2.5% commission ). The fee charged on the transaction is hidden and it's not revealed by AntPool.