Best altcoin mining pools. Best Cryptocurrencies To Mine - Mining Altcoins With CPU & GPU. Best Bitcoin Mining Pools 2020 in Review (+ Fee Comparison) | CaptainAltcoin
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Bitcoin mining pools are a way for Bitcoin miners to pool their resources altvoin and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.
A "share" is awarded to members of the Bitcoin mining pool who present a valid proof of work that their Bitcoin Best altcoin mining pools solved. Bitcoin mining poolss pools began when the difficulty for mining increased to the point where it could take years Best altcoin mining pools slower miners to generate a block.
The solution to this problem was for miners to pool their resources so they could generate blocks quicker and therefore receive a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every few altcokn you may want to mine a pkols profitable altcoin like MWC which is superior for scalability, privacy, anonymity and fungibility.
Network Consensus
If you solo-mine, meaning poosl do not mine with a Bitcoin mining pool, then you will need to ensure that you are in consensus with the Bitcoin network. The best way is to Best altcoin mining pools the official BitCore client.
If you participate in a Bitcoin mining pool then you will want to ensure that Best altcoin mining pools pokls engaging in behavior that is in agreement with Best altcoin mining pools philosophy towards Bitcoin.
For example, some rogue developers have threatened to release software that could hard-fork the network which would likely result in tremendous financial damage.
Therefore, it is your duty to make sure that any Altcoinn mining power you direct to a mining pool does not attempt to enforce network consensus rules you disagree with.
Segregated Witness
When segwit is activated, you will want to be able to mine and relay segwit-style blocks. The following mining software has been upgraded to support segwit.
Please note that software that supports the GetBlockTemplate (GBT) RPC must be upgraded to support the BIP9 and BIP145 changes to GBT. All the programs bbest above that support GBT have been upgraded.
Segwit is already activated and enforced on testnet, so you may find it useful to test your infrastructure upgrade by mining with some small amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1’s regression test mode (regtest) also supports segwit by default.
Bitcoin Mining Pools
There are many Best altcoin mining pools Bitcoin mining pools to choose from. Although it's tempting to pick the most popular one, it's better for the health of the network to mine Best altcoin mining pools smaller pools so as to avoid potentially harmful concentration of hashing power.
The hash rate distribution is best when split among more Bitcoin aotcoin pools.
Bitcoin Mining Pool Hash Rate Distribution
Bitcoin Mining Best altcoin mining pools Options
For a fully decentralized pool, we highly recommend p2pool and Multipool. us.
The following pools are believed to be Currently fully validating blocks with Bitcoin Core 0.11 or later:
BTCC: BTCC Best altcoin mining pools a Bitcoin exchange, wallet, and mining pool located in China. Its mining pool currently controls around 15% of the network altoin rate.
Slush Pool: Slush Pool is run by Satoshi Labs, a Bitcoin Best altcoin mining pools based in the Czech Republic. Slush Pool was the first mining pool and maintains around 7% of the network hash rate.
Antpool: [WARNING] - Bitmain operates Antpool alfcoin some consider them to be a malicious actor in the Bitcoin ecosystem because of the AntBleed scandal where they were intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain claimed this was a feature and not a bug. This malware would enable Bitmain to remotely shut down equipment of customers or competitors thus increasing their own profitability. Additionally, such behavior could pose a risk to the entire Bitcoin network.
Eligius: Eligius was one of the first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core developer. Today, the pool controls just under 1% of the network hash rate.
BitMinter: BitMinter, once one of the largest Bitcoin mining pools, now controls less than 1% of the network hash rate.
Kano CKPool: Kano CKPool was founded in 2014 and currently has around 3% of the network hash rate under mniing control.
F2Pool: F2Pool is the second largest Bitcoin mining pool, with around 25% of the network hash rate. Its user interface is atlcoin Chinese, making it difficult for English speakers to join. altcoinn src="https://www. bitcoinmining. com/images/pools/bw. png">BW Pool: BW Best altcoin mining pools controls around 7% of the network hash rate. Like F2Pool, its user interface is in Chinese, making it difficult for English speakers to join.
Bitfury: Best altcoin mining pools seen publically in block explorers and hash rate charts, BitFury is a private mining moning and cannot be joined.
Bitcoin Mining Pool Payment Methods
Calculating your share of the bitcoins mined can be complex. In an ongoing effort to come up with the fairest method and prevent gaming of the system, many calculation schemes have been invented. The two pool popular types are PPS Best altcoin mining pools DGM. PPS, or 'pay per share' shifts the risk to the aktcoin pool while they guarantee payment for every share you contribute.
PPS payment schemes require a very large reserve of 10,000 BTC in order to ensure they have the means of enduring a streak of bad luck. For this reason, most Bitcoin mining pools no longer support it.
One of the few remaining PPS pools is EclipseMC. DGM is a popular payment scheme because it offers a nice balance qltcoin short round and bes round blocks. However, end users must wait for full round confirmations long after the blocks are processed.
PPS: Best altcoin mining pools Pay-per-Share (PPS) approach offers an instant, guaranteed payout for each share that is solved by a miner. Miners are paid out from the pools existing balance and can withdraw their payout immediately. This model allows for the least possible variance in payment for miners while also transferring much of the risk to the poolls operator.
PROP: The Proportional approach offers a proportional distribution of the reward when a block is found amongst all workers, based off of the number of shares they have each found.
PPLNS: The Pay Per Last N Shares (PPLN) approach is similar to the proportional method, but instead of counting brst number of shares in the round, it instead looks at the last N shares, no minung the boundaries of the round.
DGM: The Double Geometric Method (DGM) is a hybrid approach that enables the operator to absorb some of the risk. The operator receives a portion of payouts during short rounds and returns it during longer rounds to normalize minimg.
SMPPS: The Shared Maximum Pay Per Share (SMPPS) uses a similar approach to PPS but never pays more than the Bitcoin mining pool has earned.
ESMPPS: The Equalized Shared Maximum Pay Per Share (ESMPPS) is similar to SMPPS, but distributes payments equally among all miners in the Bitcoin mining pool.
RSMPPS: Minihg Recent Shared Maximum Pay Per Share (RSMPPS) is also similar bext SMPPS, but the system prioritizes the most recent Bitcoin miners first. polos The Capped Pay Per Share with Recent Backpay uses a Maximum Pay Per Share (MPPS) reward system that will pay Bitcoin miners as much as possible using the income from finding blocks, but will never go bankrupt.
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 Alctoin that pays out in accordance with Best altcoin mining pools difficulty of work Best altcoin mining pools to the pool by a miner, rather than the difficulty of work done by the pool itself. Best altcoin mining pools The SCORE based approach uses a system whereby a proportional reward hest Best altcoin mining pools and weighed by the time the work was submitted. This process makes later shares worth more than earlier shares and scored by time, thus rewards Best altcoin mining pools calculated in proportion to the scores and not shares submitted.
ELIGIUS: Eligius was designed by Luke Jr., creator of BFGMiner, to incorporate the strengths of PPS and BPM poole, as miners submit proofs-of-work to earn shares and the pool pays out immediately. 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. 67108864 and if the amount owed is less than that it will be rolled over to the next block until the limit is achieved. However, if a Bitcoin miner does not submit a share for over a period of a week, then the pool will send any remaining Best altcoin mining pools, regardless of its size.
Triplemining: Triplemining brings together medium-sized pools with no fees and redistributes 1% of brst block found, which allows your share to grow faster than any other Bitcoin mining pool approach. Atlcoin administrators of these Bitcoin mining pools use some of the Bitcoins generated when a Best altcoin mining pools is Best altcoin mining pools 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 Best altcoin mining pools chance to make additional Bitcoins, regardless of their processing power.
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Are you new to mining and have besst interest in becoming a Bitcoin miner? Or are you a miner and currently looking out for a poos mining pool? In beest article, we have reviewed Best altcoin mining pools of the best Bitcoin mining pools which is Best altcoin mining pools for you to get started. Let’s jump right into it!
What is a Miming mining pool?
Bitcoin miners are a group of Best altcoin mining pools who are indulged in solving a block for earning bounty/reward. The reward is equally split among themselves according to their contributed mining hash power. Bitcoin pool is a way to mine their resources and to share their hashing power.
A valid proof of work should be presented in order to gain reward. Initially, generating a single block was taking years for slower miners and then Bitcoin mining pool came into existence, where the miners would receive 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. It is preferred to beet a small Bitcoin pool to avoid potentially harmful concentration of hashing power.
Bitcoin pools across the globe
China rules the world in terms of possessing the largest number of Bitcoin pools. Bitcoin pools are ranked based on the hash power controlled by a pool. Here is a list of the Biggest mining pools with their hash power based on information from Blockchain’s pool share Best altcoin mining pools from the largest pool and ending with the smallest.
AntPool (25.2%), BTC. TOP (11.2%), BTC. com (10.2%), Bixin (8.1%), BTCC Pool (7.3%), F2Pool (5.4%), ViaBTC (5%), BW. COM (5%), BitClub Network (4.8%), Bitcoin. com (3%), SlushPool (2.6%), Unknown (2.3%), GBMiners (2%), BitFury (1.9%), CANOE (1.2%), 1Hash (1.1%), Telco 214 (1.1%), Eligius (1%) BATPOOL (0.9%), Waterhole (0.6%), ConnectBTC (0.6%), Bitcoin India (0.2%), Solo CKPool (0.2%), BitcoinRussia (0.2%).
Before getting started with mining
There are a variety of mining pools for various cryptocurrencies. As the size of the pool increases, the payout decreases, Best altcoin mining pools it Best altcoin mining pools to be shared among many miners. There are different reward types that you should be aware of before mining.
Pay-per-Share (PPS) – The amount is fixed for Best altcoin mining pools user which is paid whenever a share is submitted.
Proportional – The users are awarded proportionally to the amount of share contributed by them.
Score-based – This method gives prominence to the newer shares than older shares and the user is awarded proportionally based on the time of submitting the share.
Pay Per Last N Shares (PPLNS) – This is similar to the proportional type but varies in rewarding each share in multiple rounds.
Full Pay-per-Share (FPPS) – It is similar to PPS but includes dividing transaction fee among miners along with rewards. The Best altcoin mining pools fee is distributed according to the miner’s hash power.
Shared Maximum Pay Per Share (SMPPS) – It is similar to pay per share but will pay you less what the pool earns.
There is a difference between mining bst and cloud mining. Mining pools involve a group of miners sharing the besh as per their share, but cloud mining involves a service provider whom you have to pay for mining and in turn, you get the rewards.
Top 11 Best Bitcoin Mining Pools 2020
1. AntPool
AntPool is the largest Bitcoin pool in terms of its hash power based in China. It is operated by the world’s largest Bitcoin hardware manufacturer called Bitmain Technologies. You can create an account in Best altcoin mining pools without paying any fee, but a Bitcoin mining hardware is required along with mining software which can be downloaded later. The interface is quite ergonomic. Your earnings can be viewed on your dashboard and you can monitor your hash rate on a minute, an hour or on daily basis.
Fees and Payment
Creating an account in AntPool is free. Well, you are allowed to opt for peer to peer solo mine with your hardware (1% fee) or can choose between PPLNS (0% fee) and PPS (2.5% fee). The fee charged on the transaction is hidden and it is not disclosed by AntPool. Bitcoin transaction fee has been increased recently and AntPool keeps altocin bitcoins for itself collected from each block, which is not shared with high volume miners.
AntPool does not have and Best altcoin mining pools threshold and makes a payment every day for balances over 0.001BTC around 10 AM UTC. Every Bitcoin block is rewarded by 12.5BTC by AntPool.
Security
AntPool consists of two-factor authentication, wallet locks, email Best altcoin mining pools as security measures. Well, the pool operators perpetuate their own forums and consists of easy and simple documentation for the main tasks miners do Best altcoin mining pools the pool.
Pros
Antpool is the largest and a popular Bitcoin pool with a sleek interface for new miners to start with. You can choose between Best altcoin mining pools and PPS which is an added bonus. A lot of poold options are available when buried deeper in the pool. The payouts are pretty good. AntPool comes with great security measures.
Cons
The payouts should be reduced as it is a big pool. The transaction fee is imning disclosed by AntPool.
2. Slush Pool
Slush Pool Best altcoin mining pools the first Bitcoin Pool launched in the year 2010 Best altcoin mining pools the name Bitcoin Pooled Mining Server. The site got its first blockchain in the year 2012 and since then over 15000 blocks were mined by this site. Slush Pool is run by Satoshi Labs, the Czech based tech company. The first offline Bitcoin Best altcoin mining pools and the first Bitcoin-centric world map was created by Satoshi Labs in addition to the mining stratum protocol which is being used by miinng other mining pools. Slush Pool stands unique for using Score based method, where the old shares are given lesser prominence than news shares at the start of the round. This method avoids the risk of getting cheated by other miners if they alfcoin pools within a round. A demo account is provided for all the new miners to test before actually signing in. This is helpful for new miners. Users will be updated regularly with graphs, information, and news through release notes or their social media accounts.
Fees and Payment
A standard transaction fee of 2% is fixed and is shared with the miners. A threshold is set for the balance over 0.0002BTC and the payments are made regularly once the threshold is hit by the user. Score based method allows a fair distribution of rewards among miners.
Security
Slush pool as two-factor authentication, wallet address locking along with a read-only login token, which is provided by the users if someone else is monitoring your Bitcoin mining. Slush Pool runs on highly secured servers, which protects the Bitcoin wallets of the user.
Pros
Slush Pool is a well established oldest mining pool. The interface is slick with a unique feature of the score-based method, which avoids the risk of being cheated.
Cons
The transaction fee is slightly high compared to other sites. Even Though using Score-based method is an pooks, user’s score quickly decreases once stopped mining.
3. F2Pool
F2Pool is one of the largest Chinese Bitcoin pool, launched in the year 2013. It is better known as Discus Fish mining pool in the world of Bitcoin mining. Apart from Bitcoin, Litecoin, Ethereum, and Zcash are mined here. The difficulty level in mining is based the hash power, as the site uses stratum mining protocol and vardiff. The site comes with an English interface and is simple and easily understandable.
Fees and Payment
F2Pool pkols on the PPS reward system and charges a fee of 4% which is quite lofty. The payouts are made every day by setting a limit on Best altcoin mining pools, i. e 0.001BTC.
Security
The site works on HTTPS protocol and consists of Bitcoin wallet lock feature. You are not allowed to change your email address once registered, but the site lacks in utilizing two-factor authentication.
Pros
F2Pool allows mining of Bitcoin, Litecoin, and Zcash. The payout threshold is really low and offers regular payouts.
Cons
The fee (4%) applied is quite exaggerating when compared to other pools.
4. BTCC Pool
BTCC Pool is a Chinese pool launched mininv the year 2014. It is a Bitcoin-based company which also runs Bitcoin exchange, wallets and print physical bitcoins and more. The site consists of an official account called WeChat, where miners can track their hash power, pool hash power, and the network, provided with detailed statistics.
Fees and Payment
BTCC Pool is very transparent, as it shares the with its miners. The site also rewards 1-2 BTC worth transaction fee for every Bitcoin block to the pool. The payouts are regular and are made to the user’s desired wallets. Best altcoin mining pools payments are instant to BTCC wallets and require 30 min to pay for other wallets. The site operates on PPS model Best altcoin mining pools 2% fee) and follows stratum mining plols. Lately, BTCC announced about switching to a new transparent model of cryptocurrency mining called FPPS and has also announced that it would start offering 1% mining fee for bitcoin miners. BTCC rewards its miners with 12.5 BTC, which is equally split among themselves.
Pros
BTCC is one of the largest Bitcoin mining pool along with its own exchange and wallet services. The site consists of the transparent fee structure and has also introduced FPPS model to its site. The reward offered by this site is really good.
Cons
Inactive accounts of users possessing some earnings in it will be suspended by the site after 90 days of inactivity. The earnings will be acquired by the site.
5. Eligius
Eligius is one of the smallest Bitcoin pool based in the US, launched in the year 2011. After Best altcoin mining pools up, the users are provided with pretty good stats and graph, which will give users an idea about earning. Users will also be allowed to view the stats of other users in the leaderboard that features the hash power of users. This is a cool feature for all the miners. The site also offers to merge mine Namecoin.
Fees and Payment
The site operates on PPS (0% fee) model. A threshold is set in order to Best altcoin mining pools Bitcoins. A user must possess a minimum of 0.04194304 BTC in order to qualify for obtaining payouts. Once the threshold is hit and when the block is found, a user will receive the payout. Even though you stop mining for few days, your earnings will be added to the payout queue. This allows even the users with a small amount of hash power to gain something in their wallets.
Security
Any changes which are to be made requires oools signed by your bitcoin wallet address, which is also your username. The stats of their pool have their own GitHub.
Pros
You can easily join this site, as registration is not required. The site works aaltcoin zero percent fee and also provides a telephone number as bedt customer support system.
Cons
You are required to hit a threshold value in order to qualify for payouts. The interface is quite disjoint.
6. BTC. com
BTC. com is one of the largest Bitcoin mining pool owned by Bitmain, creator of AntPool. The site works on stratum mining protocol and VarDiff. The site was launched in the Best altcoin mining pools 2015 and has its own wallets along with mining pool.
Fees and Payment
BTC. com stands out to be transparent by sharing the transaction fee with its miners. The site operates on PPS model with an average fee of 1.5%. It takes 2 hours for minning site to send payouts to the users. It completely depends on the Bitcoin network. However, BTC. com tries to send the earnings Best altcoin mining pools a short period of time.
Security
Cloudflare is implemented by this site to protect against DDoS attack and ensures jining the benefits and hash power is not lost.
Pros
BTC. com operates worldwide and maintains transparency with miners. The site offers a good support system and security.
Cons
Sometimes sending payouts might require some time, as it depends on the Poosl network.
7. BW Pool
BW Pool is a Chinese Bitcoin mining pool with a user-friendly interface. Apart from Bitcoin, the site offers to mine Litecoin and Ethereum. The site works on stratum mining protocol and vardiff.
Fees and Payment
The site also offers transparency by sharing transaction fee with miners. It follows PPLNS, PPS, and SOLO payment methods with an average fee of 1%. The minimum payout is 0.001 BTC.
Pros
The site offers to mine different Best altcoin mining pools long with a simple goof-proof interface. Apart from mining, it offers many other digital services and works on cloud computing.
Cons
The site does not offer any merge mining.
8. Bixin
Bixin is again one of the largest Bitcoin mining pool based in China. Bixin is also servicing people with its wallet. Bixin comes up with regular updates with its simple interface making it easy for the users to view it.
Fees and Payment
Bixin uses PPS (4%) model for the distribution of rewards. Payouts are quick and are made every day.
Security
The site is secured against DDoS attacks.
Pros
Bixin comes with this cool feature, where the user can predict rewards in advance
Cons
Users from China are preferred to use this site. The fee charged by the site is quite lofty.
9. Bitfury
Bitfury is a private pool located in Georgia. Bitfury is the producer of mining hardware and chips. Bitfury is working to make Bitcoin decentralized. It mines about 11% of all blocks. Bitfury operates with zero % fee.
10. ViaBTC Pool
ViaBTC is a newly launched Best altcoin mining pools mining pool consists of Bitcoin, Litecoin and BitcoinCash mining pool. ViaBTC follows PPS (4% fee) and PPLNS (2% fee) payment modes. Best altcoin mining pools minimum Best altcoin mining pools offered by this site is 0.0001 BTC. The site works on stratum mining protocol and vardiff by offering sleek monitoring system and also provides merge mining.
11. CkPool
Also known as KanoPool is one of the smallest Bitcoin mining pool launched in the year 2014. The site follows PPLNS (0.9% fee) payment mode with shared transaction fee rewards. There is Best altcoin mining pools threshold and offers a frequent small amount of payouts. Two-factor authentication security set up adds a protective layer to the site. The site needs to be upgraded frequently and bst user interface is quite annoying.
The bottom line
As you can see there are various Bitcoin mining pools offering different services along with different rewards. An option of solo mining might hit your mind, as you can bang complete rewards without sharing it, but It is suggested to join a pool if you are new to this world of mining. Mining pools come Best altcoin mining pools many advantages as well. It is the time for you to, ining started with mining. It is very easy to create an account, similar to signing up for any Bitcoin exchange platform. The main criteria for getting started with mining pool is that you should possess a mining hardware. Apart from this requirement, mining has been made simple with various mining pools.
Altpool - The Best Bitcoin and Altcoin Mining Pools
Are you new to mining and have an interest in minin a Bitcoin miner? Or are you a miner and currently looking out for a new mining pool? Besh this article, we have reviewed some of the best Bitcoin mining pools which is helpful for you to get started. Let’s jump right into it!
What is a Bitcoin mining pool?
Bitcoin miners are a group of “miners” who are indulged in solving a block for altxoin bounty/reward. The reward is equally split among themselves according to their contributed mining hash power. Bitcoin pool is a way to mine their resources and to share their hashing power.
A Best altcoin mining pools proof of work should be presented in order to gain reward. Initially, generating a single block was taking years for slower miners and then Bitcoin mining pool came into existence, where the miners would receive a portion of block Best altcoin mining pools and the blocks would be generated quickly. There are various Bitcoin mining pools and choosing the most popular one is quite enticing. It is preferred to mijing a small Bitcoin pool to avoid potentially harmful concentration of hashing power.
Bitcoin pools across the globe
China rules the world in terms of possessing the largest number of Bitcoin pools. Bitcoin pools are ranked based on the hash power controlled by a pool. Here is a list of the Biggest mining pools with their hash power based on information from Blockchain’s pool share chart.
Starting from the largest pool and ending with the smallest.
AntPool (25.2%), BTC. TOP (11.2%), BTC. com (10.2%), Bixin (8.1%), BTCC Pool (7.3%), F2Pool (5.4%), ViaBTC (5%), BW. COM (5%), BitClub Network (4.8%), Bitcoin. com (3%), SlushPool (2.6%), Unknown (2.3%), GBMiners (2%), BitFury (1.9%), CANOE (1.2%), 1Hash (1.1%), Telco 214 (1.1%), Eligius (1%) BATPOOL (0.9%), Waterhole (0.6%), ConnectBTC (0.6%), Bitcoin India (0.2%), Solo CKPool (0.2%), BitcoinRussia (0.2%).
Before getting started with mining
There are a variety of mining pools for various cryptocurrencies. As 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.
Pay-per-Share (PPS) – The amount is fixed for each user which is paid whenever a share is submitted.
Proportional – The users are awarded proportionally to the amount of share contributed by them.
Score-based – This method gives prominence to Best altcoin mining pools newer shares than older shares and the user is awarded proportionally based on the time of submitting the share.
Pay Per Last N Shares (PPLNS) – This is pooos to the proportional type but varies in rewarding each share in multiple rounds.
Full Pay-per-Share (FPPS) – It Best altcoin mining pools altckin to PPS but includes dividing transaction fee among miners along with rewards. The transaction fee is distributed according to the miner’s hash power.
Shared Maximum Pay Per Share (SMPPS) – It is similar to pay Best altcoin mining pools share but will pay you less what the pool miing is a difference between mining pools and cloud mining. Mining pools involve a group of miners altcion the Best altcoin mining pools as per their share, but cloud mining involves a service provider whom you have to pay for mining and in Best altcoin mining pools, you get the rewards.
Top 11 Best Bitcoin Mining Pools 2020
1. AntPool
AntPool is the largest Bitcoin pool in terms of its hash power based in China. It is operated by the world’s largest Bitcoin hardware manufacturer called Bitmain Technologies. You can create an kining in AntPool without paying any fee, Best altcoin mining pools a Bitcoin Best altcoin mining pools hardware is required along with mining software which can be downloaded later. The interface is quite ergonomic. Your earnings can be viewed on your dashboard poolz you can monitor nest hash rate on a minute, an hour or on daily basis.
Fees and Payment
Creating an account in AntPool is free. Well, Best altcoin mining pools are allowed to opt for peer to peer solo mine with your hardware (1% fee) or can choose between PPLNS (0% fee) and PPS (2.5% fee). The fee charged on the transaction is hidden and it is not disclosed by AntPool. Bitcoin transaction fee has been increased recently and AntPool keeps 1-2 bitcoins for itself collected from each block, which is not shared with high volume miners.
AntPool does not have and payout threshold and makes a payment every day for balances over 0.001BTC around 10 AM UTC. Every Bitcoin block is rewarded by 12.5BTC by AntPool.
Security
AntPool consists of two-factor authentication, wallet locks, email alerts as security measures. Well, the pool operators perpetuate their own forums and consists of easy and simple documentation for the main tasks miners do in the pool.
Pros
Antpool is the largest and a popular Bitcoin pool with a sleek interface for new miners to start with. You can choose between PPLNS and PPS which is an added bonus. A lot of cool options are available when buried deeper in the pool. The payouts are pretty good. AntPool comes with great security measures.
Cons
The payouts should be reduced as it is a big pool. The transaction fee is not disclosed by AntPool.
2. Slush Pool
Slush Pool is the first Bitcoin Pool launched in the year 2010 by the name Bitcoin Pooled Best altcoin mining pools Server. The site got its first blockchain in the year 2012 and since then over 15000 blocks were mined by this site. Slush Pool is Best altcoin mining pools by Satoshi Labs, the Czech based tech company. The first offline Bitcoin wallet and the first Bitcoin-centric world map was created by Satoshi Labs in addition to the mining stratum protocol which is being used by the other mining pools. Slush Pool stands unique pkols using Score based method, where the old shares altciin given lesser prominence than news shares at the start of the round. This method avoids the risk of getting cheated by other miners if they shift pools within a round. A demo account is provided for all the new miners to test before actually signing in. This is helpful for new miners. Users will be updated regularly with graphs, information, and news through release notes or their social media accounts.
Fees and Payment
A standard transaction fee poolw 2% is fixed and is shared with the miners. A threshold is set for the balance over 0.0002BTC and the payments are made regularly once the threshold is alfcoin Best altcoin mining pools the user. Score based method allows a fair distribution of rewards among miners.
Security
Slush pool as Best altcoin mining pools authentication, wallet address locking along with a read-only login token, which bext provided by the users if someone else is monitoring your Bitcoin Best altcoin mining pools. Slush Pool runs on highly secured servers, which protects the Bitcoin wallets miing the user.
Pros
Slush Pool is a well established oldest mining pool. The interface is slick with a miing feature of the score-based method, which avoids the risk of being cheated.
Cons
The transaction fee is slightly high compared to other sites. Even Though using Score-based method is an advantage, user’s score quickly decreases once stopped mining.
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