Mining pool differences between men. This Is What Happens When Bitcoin Miners Take Over Your Town - POLITICO Magazine. Solo Mining vs Pool mining — Ethereum Community Forum
Mining and Risk of Tuberculosis in Sub-Saharan Africa
Comparison of mining pools
Reward types & explanation:
- CPPSRB - Capped Pay Per Share with Recent Backpay. [1]DGM - Double Geometric Method. A hybrid between PPLNS and Geometric reward types that enables to operator to absorb some of the variance risk. Operator receives portion of payout on short rounds and returns it on longer rounds to normalize payments. [2]ESMPPS - Equalized Shared Maximum, en Per Share. Like SMPPS, but equalizes payments fairly among all those who are owed. [3]POT - Pay On Target. A high variance PPS variant that pays on the difficulty of work returned to pool rather than the difficulty of work served by pool [4]PPLNS - Pay Per Last N Shares. Similar to proportional, but instead of looking at the number of shares in the round, instead looks Mining pool differences between men the last N shares, regardless of round boundaries.PPLNSG - Pay Per Last N Groups (or shifts). Similar to PPLNS, Mining pool differences between men shares are grouped into "shifts" which are paid as a whole.PPS - Pay Per Share. Mining pool differences between men submitted share is worth certain amount of BTC. Since finding a block requires <current difficulty> shares On average, a PPS method with 0% fee would be 12.5 Beween divided by <current difficulty>. It is risky for pool operators, hence the fee is highest.Prop. - Proportional. When block is found, the reward is distributed among all workers proportionally to Mining pool differences between men much shares each of them has found.RSMPPS - Recent Shared Maximum Pay Per Share. Like SMPPS, but system aims Mining pool differences between men prioritize the most recent miners first. [5]Score - Differecnes based system: a proportional reward, but weighed by time submitted. Each submitted share is worth more in the mej of time T since start of current round. For each share score is updated by: score += exp(t/C). This makes later shares worth much more than earlier shares, thus the miner's score quickly diminishes when they Mining pool differences between men mining on the pool. Rewards are calculated proportionally to scores (and not to shares). (at slush's pool C=300 seconds, and every minign scores are normalized)SMPPS - Shared Maximum Pay Per Mining pool differences between men. Like Pay Per Share, but never pays more than the pool earns. [6]FPPS - Full Pay Per Share. Similar to PPS，but not only divide regular block reward (12.5 BTC for now) but also some of the transaction fees. Calculate a standard transaction fee within a certain period and distribute it to miners according to their hash power contributions in the pool. It will increase the miners' earnings by sharing some of the transaction fees.
A statistically valid analysis of some pools and their payout methods: Bitcoin network and pool analysis
| AntPool | China | Large | No | PPLNS & PPS | kept by pool | 2.5% | 0% | Yes | No | ? | ? | Link | Link |
| BCMonster. com |    | Small | No | PPLNS | Shared | 0.5% | Yes | No | 2016-01-13 | Dynamic | Link | Link | |
| BitcoinAffiliateNetwork |   | ? | NMC, DOGE | ? | kept by pool | ? | ? | Yes | 2014-07-15 | User/Dynamic | Link | Link | |
| BitMinter |  | Small | NMC | PPLNSG | Shared | 1% | Yes | No | bewteen | User[3]/Dynamic | Link | Link | |
| BTC. com | | Medium | NMC | FPPS | Shared | 0% | 4% | Yes | No | 2016-09-13 | User | Link | Link |
| BTCC Pool | China, Japan | Large | NMC | PPS | kept by pool | 2.0% | 0% | Yes | Yes | 2014-10-21 | Dynamic | ? | Link |
| BTCDig | | Small | No | DGM | kept by pool | 0% | Yes | 2013-07-04 | User[3]/Dynamic 20SPM | Link | Link | ||
| Btcmp. com |  | Small | No | PPS | kept by pool | 4% | Yes | 2011-06-28 | Diff 1 | Link | |||
| BtcZPool. com | | Large | BitCoinZ | PPLNS | Shared | 1% | 0% | Yes | 2017-06-25 | VarDiff | Link | ||
| BW Mining | China | Medium | ? | PPLNS & PPS | ? | ? | ? | Yes | ? | ? | ? | Link | |
| Eligius | | Small | NMC | CPPSRB | Shared | 0% | Yes | Yes | 2011-04-27 | Dynamic: 32 shares/m | Link | Link | |
| F2Pool | | Large | LTC, NMC, SYS, EMC | PPS+ | Shared | 2.5% | 0% | Yes | No | 2013-05-05 | Dynamic | Link | Link |
| GHash. IO | | Small | NMC, IXC, Devcoin | PPLNS | Shared | 0% | Yes | No | 2013-07-01 | User[3] | Link | Link | |
| Give Me COINS | | Small | NMC | PPLNS | Shared | 0% | Yes | Yes | 2013-08-12 | Dynamic | Link | Link | |
| Golden Nonce Pool | | Small | No | DGM | kept by pool | 0% | Yes | 2018-03-27 | Dynamic | Link | Link | ||
| Jonny Bravo's Mining Emporium | | Small | No | PPLNS | Shared | 0.5% | Yes | No | 2015-11-19 | Dynamic | Link | Link | |
| KanoPool |   | Medium | No | PPLNSG | Shared | 0.9% | Yes | No | 2014-09-20 | User[3]/Dynamic 18SPM | Link | Link | |
| KmdPool. org | | Large | Komodo | PPLNS | Shared | betqeen | 0% | Yes vifferences 2017-11-25 | VarDiff | Link | |||
| Merge Mining Pool | | Small | NMC, IXC, Devcoin | DGM | Shared | 1.5% | Yes | No | 2012-01-08 | User[3] | Link | Link | |
| MergeMining | Global | Small | CRW, DVC, HUC, I0C, IXC, XMY/MYR, NMC, SYS, UNO, TRC, ARG, EMC | PPLNS | Shared meh 1% | Yes | No | 2016-12-01 | User[3] | Link | |||
| Multipool | | Small | NMC | Score | Shared | 1.5% | Yes | No | 2012-03-15 | User | Link | Link | |
| P2Pool | Global (p2p) | Small | Mining pool differences between men mining can be done on a "solo mining" basis [4] | PPLNS | Shared djfferences 0% | Yes | No | 2011-06-17 | User[3] | Link | |||
| Poolin | Global | Medium | NMCDOGE VCASH | FPPS | Shared | 4% | Yes | Yes | 2017-10-01 | Dynamic | Link | Link | |
| Slush Pool | Global | Medium | NMC | Score | Shared | 2% | Yes | No | 2010-11-27 | User[3] | Link | Link | |
| ZenPool. org | | Large | ZenCash | PPLNS | Shared | 1% | 0% | Yes | 2017-10-25 | VarDiff | Link |
GBT Launched Variance Forum Website SPV Mining / Old Bitcoin Core
The Mining pool differences between men pools are known or strongly suspected to be mining on top of blocks before fully validating them with Mining pool differences between men Core 0.9.5 or later. Miners doing this have already lost over $50,000 USD during the 4 July 2015 fork and have created a situation where sifferences numbers of confirmations are much less useful than they normally are.
The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.9.5 or later (0.10.2 or later recommended due to DoS vulnerabilities):
References
↑Note that pool hashrate is largely irrelevant but can be seen as a popularity measurement. It is a theoretical security issue if Mining pool differences between men pool gains above 50% of the total computational power of the network, thus consider joining a pool based on other metrics. The pool's total hash rate is very dynamic on most pools. Over time, as the network grows, so does most pool's hash rates. The displayed values are the pool's relative sizes based on the network: Small: less than 2%, Medium: 2%-10% Large: greater than 10% of the network.↑Merged mining allows miners to mine on multiple block chains at the same time with the same hashing.↑ 3.03.13.23.33.43.53.63.7The difficulty of the shares Mining pool differences between men be changed by the user.↑Merged mining can be done on a "solo mining" basis (payouts in the merged chain are not pooled).↑ 5.05.15.2Intention to continue SPV mining, Wang Chun, 4 Mining pool differences between men meb also
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Jordan Tuwiner Last updated March 12, 2020
Now that you have Bitcoin mining hardware, your next step is to join a Bitcoin mining pool.
What Mining pool differences between men a Mining Pool?
Mining pools are groups of cooperating miners who agree to share block rewards in proportion to Mining pool differences between men contributed mining hash power.
While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner.
Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.
Pool Concentration Mining pool differences between men China
Before we get into the best mining pools to join, it’s important to note that most mining pools are in China. Many only have Chinese websites and support. Mining centralization in China is one of Bitcoin’s biggest issues at the moment.
There are about 20 major mining pools. Broken down by the percent of hash power controlled by a pool, and the location of that pool’s company, we estimate that Chinese pools control ~81% of the network hash rate:
Bitcoin Wallets
Before joining a mining pool:
You’ll need a bitcoin wallet. Why?
This is because all Bitcoin mining pools will ask you for a Bitcoin address that will be used to send your mining rewards and payouts.
Our guide on the best bitcoin wallets will help you get a wallet. Read the full guide.
The Biggest Mining Pools
The list below details the biggest Bitcoin mining pools. This is based on info from Blockchain’s pool share chart:
We strongly recommend new miners to join Poolin or Slush Pool.
1. Poolin
Poolin is a public pool which Mining pool differences between men about 18% of all blocks. They are based in China, but have a website fully available in English.
2. F2pool
F2Pool is based in China. It mines about 17% of all blocks.
3. BTC. com
BTC. com is a public mining pool that can be joined and mines 15% of all block. We strongly recommend joining Slush Pool or Poolin instead.
4. Antpool
Antpool is a mining pool based Mining pool differences between men China and owned by BitMain. Antpool mines about 11% of all blocks.
5. ViaBTC
ViaBTC is a somewhat new mining pool that has been around for about one year. It’s targeted towards Chinese miners and mines about 9% of all blocks.
6. 1THash&58coin
This is a Chinese pool made from two pools: 1THash and 58coin.
7. Slush
Slush Pool was the Mining pool differences between men mining pool and currently mines about 11% of all blocks.
Slush is probably one of the best and most popular mining pools despite not being one of the largest.
8. BTC. top
BTC. top is a private pool and cannot be joined. It mines about 7% of all blocks.
9. BTC. top
BTC. top is a Chinese ming pool.
10. Bitfury
Bitfury is a private pool that Mining pool differences between men be joined. Bitfury currently mines about 3.5% of all blocks.
Bitcoin Mining Pool Comparison
| BitFury | Georgia | 0% | Yes |
| Slush Pool | Czech Republic | 2% | No |
| Antpool | China | 1% | No |
| BW | China | 1% | No |
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.
Get a Bitcoin Wallet and Mining Software
Before you join a mining pool you will also need Bitcoin mining software and a Bitcoin wallet.
Mining Pools vs Cloud Mining
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 miner for you and you get the rewards.
Just Want Bitcoins?
If you just want bitcoins, mining is NOT the best way to obtain coins.
Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins.
Get $10 worth of free bitcoins when you buy $100 or more at Coinbase.
Which Countries Mine the most Bitcoins?
Bitcoin mining tends to gravitate towards countries with cheap electricity.
As Bitcoin mining is somewhat centralized, 10-15 mining Mining pool differences between men 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.
China
China mines the most bitcoins and therefore ends up “exporting” the most bitcoins.
Electricity in China is very cheap and has allowed Chinese Bitcoin miners to gain a very large percentage of Bitcoin’s hash power.
It’s rumored that some Chinese power companies point their excess energy towards Bitcoin mining facilities so that no energy goes to waste.
China is home to many of the top Bitcoin mining companies:
F2Pool, AntPool, BTCC, Mining pool differences between men BW.
It’s estimated that these mining pools own somewhere around 60% of Bitcoins hash power, meaning they mine about 60% of all new bitcoins.
Georgia
Georgia is home to BitFury, one of the largest producers of Bitcoin mining hardware and chips. BitFury currently mines about 15% of all bitcoins.
Other Countries
The countries above mine about 80% of all bitcoins.
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).
A Note on Pools
While we can see which mining pools are the largest, it’s important to understand that the hash power pointed towards a mining pool isn’t necessarily owned by the mining pool itself.
There are a few cases, like with BitFury and KnCMiner, where the company itself runs the mining operation but doesn’t run a mining pool.
Bitcoin miners can switch mining pools easily by routing their hash power to a different pool, so the Mining pool differences between men 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.
Note:
If you cloud mine then you don’t need to select a pool; the cloud mining company does this automatically.
Why are Miners Important?
Bitcoin miners are crucial to Bitcoin Mining pool differences between men its security. Without miners, Bitcoin would be vulnerable and easy to attack.
Get this:
Most Bitcoin users don’t mine.
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.
These warehouses usually direct their hashing power towards mining pools.
Antpool Review
Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate. Antpool holds roughly 15% of the total hash rate of all Bitcoin mining pools.
About Antpool
Antpool mined its first block in March 2014, meaning that it emerged roughly four years after the first mining pool; Slushpool.
Antpool is run by Bitmain Technologies Ltd., the world’s largest Bitcoin mining hardware manufacturer, and a large portion of their pool is run on Bitmain’s own mining rigs.
Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability (US, Germany, China etc.).
Also, Antpool’s user interface is surprisingly slick considering that the underlying company thrives mostly off of hardware sales.
How to Join Antpool
The pool is free to join and the process is simple.
First, you need to acquire Bitcoin Mining pool differences between men 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.
Hardware is important because it determines the size of your contribution to the pool’s hash rate. Software is important because it enables you to direct your hardware’s hash power towards the pool you prefer. So make sure to make the right choice in order Mining pool differences between men optimize your rewards.
Finally, sign up at antpool. com to get started.
What are Antpool’s Fees?
Antpool claims that it does not charge any fees for using its pool. Although there is some truth to this claim, Mining pool differences between men is not 100% correct.
While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward which Antpool Does share with you when it finds a block.
Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected per block by pools. At this time, Antpool keeps Mining pool differences between men bitcoins form transaction fees for itself, which are not shared with miners who have hash power pointed toward the pool.
It can be argued that these rates prevent the service from being usable for small-time and big-volume users. Consequently, some users on bitcointalk. org heed that the undisclosed fees make the service unwise to use for the time being.
What is the Payout Threshold?
The pool does not appear to have a payout threshold and pays out every day around 10 AM UTC.
The minimum withdrawal amount is 0.0005 BTC (other sources say 0.001 BTC).
Can you do Solo Mining on Antpool?
Solo mining means you mine for bitcoins without joining a pool. So if you use Antpool you are not solo mining by default.
Generally, you will receive more frequent payouts by joining a pool.
What is the Controversy around Antpool?
Antpool Mining pool differences between men refused to enable arguably beneficial upgrades to Bitcoin for reasons based on claims that have been largely disproved. Notably, this has taken place with somewhat of a vindictive attitude.
More specifically, the controversy revolves around Segwit – a feature that Mining pool differences between men miner activation to be enabled. Despite the fact that most Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this feature.
Antpool began signaling for Bitcoin Unlimited in early March 2017 for reasons that have not been elucidated by Bitmain CEO (and cofounder Jihan Wu).
Antpool claims that it will only signal for Segwit if there is a hardfork, which is a proposition that most users oppose. Furthermore, allegations that the owner refuses to sell hardware to Segwit supporters have also begun to circulate.
By using Antpool, you allow the pool to decide your hardware’s approach to these matters, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware employs. If you wish to decide which implementation your hardware should signal for, you can use a pool that leaves the choice to its users, like the Slush mining pool.
Bitfury Information
According to BlockTrail, Bitfury is the third largest Bitcoin mining pool and mines about 11% of all blocks.
The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool.
Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home.
Bitfury 16nm ASIC Chip
Unrelated to its pool, Bitfury sells a 16nm ASIC mining chip.
Although Bitfury controls a large portion of the Bitcoin network hash rate, its committed Mining pool differences between men making Bitcoin decentralized :
BitFury is fundamentally committed to being a responsible player in the Bitcoin community and we want to work with all Mining pool differences between men partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together.
Valery Vavilov, CEO of BitFury
Quick Tip
Using mining software is not the fastest way to get bitcoins.
Try an exchange below for the fastest way to get bitcoins.
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Ethereum Mining Pool
Many people want to use the pools above for Ethereum too. But, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools for more info on ETH specific pools.
Litecoin Mining Pool
Like Ethereum, none of the pools above support litecoin. For LTC mining you will need separate hardware and a separate pool.
Bitcoin Mining Pool Taxes
You’ll have to consult an accountant or lawyer in your area. But most likely you will have to pay income tax on income from mining pools just Mining pool differences between men you would for any other type of income.
Multi Mining Pool
Jordan Tuwiner Last updated March 12, 2020
Now that you have Bitcoin mining hardware, your next step is to join a Bitcoin mining pool.
What is a Mining Pool?
Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power.
While mining Mining pool differences between men are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner.
Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.
Pool Concentration in China
Before we get into the best mining pools to join, it’s important to note that most mining pools are in China. Many only have Chinese websites and support. Mining centralization in China is one of Bitcoin’s biggest issues at the moment.
There are about 20 major mining pools. Broken down by the percent of hash power controlled by a pool, and the location of that pool’s company, we estimate that Chinese pools control ~81% of the network hash rate:
Bitcoin Wallets
Before joining a mining pool:
You’ll need a bitcoin wallet. Why?
This is because all Bitcoin mining pools will ask you for a Bitcoin address that will be used to send your mining rewards and payouts.
Our guide on the best bitcoin wallets will help you get a wallet. Read the full guide.
The Biggest Mining Pools
The list below details the biggest Bitcoin mining pools. This is based on info from Blockchain’s pool share chart:
We strongly recommend new miners to join Poolin or Slush Pool.
1. Poolin
Poolin is a public pool which mines about 18% of all blocks. They are based in China, but have a website fully available in English.
2. F2pool
F2Pool is based in China. It mines about 17% of all blocks.
3. BTC. com
BTC. com is a public mining pool that can be joined and mines 15% of all block. We strongly recommend joining Slush Pool or Poolin instead.
4. Antpool
Antpool is a mining pool based in China and owned by BitMain. Antpool mines about 11% of all blocks.
5. ViaBTC
ViaBTC is a somewhat new mining pool that has been around for about one year. It’s targeted towards Chinese miners and mines about 9% of all blocks.
6. 1THash&58coin
This is a Chinese pool made from two pools: 1THash and 58coin.
7. Slush
Slush Pool was the first mining pool and currently mines about 11% of all blocks.
Slush is probably one of the best and most popular mining pools despite not being one of the largest.
8. BTC. top
BTC. top is a private pool and cannot be joined. It mines about 7% of all blocks.
9. BTC. top
BTC. top is a Chinese ming pool.
10. Bitfury
Bitfury is a private pool that cannot be joined. Bitfury currently mines about Mining pool differences between men of all blocks.
Bitcoin Mining Pool Comparison
| BitFury | Georgia | 0% | Yes |
| Slush Pool | Czech Republic | 2% | No |
| Antpool | China | 1% | No |
| BW | China | 1% | No |
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.
Get a Mining pool differences between men Wallet and Mining Software
Before you join a mining pool you will also need Bitcoin mining software and a Bitcoin wallet.
Mining Pools vs Cloud Mining
Many people read about mining pools and think it is just a group that pays out free Mining pool differences between men. This is not true! Mining pools are for people who have mining hardware to split profits.
Many people get Mining pool differences between men pools confused with cloud mining. Cloud mining is where you pay a service provider to miner for you and you get the rewards.
Just Want Bitcoins?
If you just want bitcoins, mining is NOT the best way to obtain coins.
Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins.
Get $10 worth of free bitcoins when you buy $100 Mining pool differences between men more at Coinbase.
Which Countries Mine the most Bitcoins?
Bitcoin mining tends to gravitate Mining pool differences between men countries with cheap electricity.
As Bitcoin mining is somewhat centralized, 10-15 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.
China
China mines the most bitcoins and therefore ends up “exporting” the most bitcoins.
Electricity in China is very cheap and has allowed Chinese Bitcoin miners to gain a very large percentage of Bitcoin’s hash power.
It’s rumored that some Chinese power companies point their excess energy towards Bitcoin mining facilities so that no energy goes to waste.
China Mining pool differences between men home to many of the top Bitcoin mining companies:
F2Pool, AntPool, BTCC, and BW.
It’s estimated that these mining pools own somewhere around 60% of Bitcoins hash power, meaning they mine about 60% of all new bitcoins.
Georgia
Georgia is home to BitFury, one of the largest producers of Bitcoin mining hardware and chips. BitFury currently mines about 15% of all bitcoins.
Other Countries
The Mining pool differences between men above mine about 80% of all bitcoins.
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).
A Note on Pools
While we can see which mining pools are the largest, it’s important to understand that the hash power pointed towards a mining pool isn’t necessarily owned by the mining pool itself.
There are a few cases, like with BitFury and KnCMiner, where the company itself runs the mining operation but doesn’t run a mining pool.
Bitcoin miners can switch mining pools easily by routing Mining pool differences between men 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.
Note:
If you cloud mine then you don’t need to select a pool; the cloud mining company does this automatically.
Why are Miners Important?
Bitcoin miners are crucial to Bitcoin and its security. Without Mining pool differences between men, Bitcoin would be vulnerable and easy to attack.
Get this:
Most Bitcoin users don’t mine.
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.
These warehouses usually direct their hashing power towards mining pools.
Antpool Review
Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate. Antpool holds roughly 15% of the total hash rate of all Bitcoin mining pools.
About Antpool
Antpool mined its first block in March 2014, meaning that it emerged roughly four years after the first mining pool; Slushpool.
Antpool is run by Bitmain Technologies Ltd., the world’s largest Bitcoin mining hardware manufacturer, and a large portion of their pool is run on Bitmain’s own mining rigs.
Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability (US, Germany, China etc.).
Also, Antpool’s user interface Mining pool differences between men surprisingly slick considering that the underlying company thrives mostly off of hardware sales.
How to Join Antpool
The pool is free to join and the process is simple.
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.
Hardware is important because it determines Mining pool differences between men size of your contribution to the pool’s hash rate. Software is important because it enables you to direct your hardware’s hash power towards the pool you prefer. So make sure to make the right choice in order to optimize your rewards.
Finally, sign up at antpool. com to get started.
What are Antpool’s Fees?
Antpool claims that it does not charge any fees for using its pool. Although there is some truth to this claim, it is not 100% correct.
While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward which Antpool Does share with you when it finds a block.
Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected per block by pools. At this time, Antpool keeps 1-2 bitcoins form transaction fees for itself, which are not shared with miners who have hash power pointed toward the pool.
It can be argued that these rates prevent the service from being usable for small-time and big-volume users. Consequently, some Mining pool differences between men on bitcointalk. org heed that the undisclosed fees make the service unwise to use for the time being.
What is the Payout Threshold?
The pool does not appear to have a payout threshold and pays out every day around 10 AM UTC.
The minimum withdrawal amount is 0.0005 BTC (other sources say 0.001 BTC).
Can you do Solo Mining on Antpool?
Solo mining means you mine for bitcoins without joining a pool. So if you use Antpool Mining pool differences between men are not solo mining by default.
Generally, you will receive more frequent payouts by joining a pool.
What is the Controversy around Antpool?
Antpool has refused to enable arguably beneficial upgrades to Bitcoin for reasons based on claims that have been largely Mining pool differences between men. Notably, this has taken place with somewhat of a vindictive attitude.
More specifically, the controversy revolves around Segwit – a feature that requires miner activation to be enabled. Despite the fact that most Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this feature.
Antpool began signaling for Bitcoin Unlimited in early March 2017 for reasons that have not been elucidated by Bitmain CEO (and cofounder Jihan Wu).
Antpool claims that it will only signal for Segwit if there is a hardfork, which is a proposition that most users oppose. Furthermore, allegations that the owner refuses to sell hardware to Segwit supporters have also begun to circulate.
By using Antpool, you allow the pool to decide your hardware’s approach to these matters, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware employs. If you wish to decide which implementation your hardware should signal for, you can use a pool that leaves the choice to its users, like the Slush mining pool.
Bitfury Information
According to BlockTrail, Bitfury is the third largest Bitcoin mining pool and mines about 11% of all blocks.
The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool.
Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home.
Bitfury 16nm ASIC Chip
Unrelated to its pool, Bitfury sells a 16nm ASIC mining chip.
Although Bitfury controls a large portion of the Bitcoin network hash rate, its committed to making Bitcoin decentralized :
BitFury is fundamentally committed to being a responsible player in the Bitcoin community and we want to work with all integrated partners and resellers Mining pool differences between men make our unique Mining pool differences between men widely available ensuring that the network remains decentralized and we move into the exahash era together.
Valery Vavilov, CEO of BitFury
Quick Tip
Using mining software is not the fastest way to get bitcoins.
Try an exchange below for the fastest way to get bitcoins.
Popular Exchanges
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Ethereum Mining Pool
Many people want to use the pools above for Ethereum too. But, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools for more info on ETH specific pools.
Litecoin Mining Pool
Like Ethereum, none of the pools above support litecoin. For LTC mining you will need separate hardware and a separate pool.
Bitcoin Mining Pool Taxes
You’ll have to consult an accountant or lawyer in your area. But most likely you will have to pay income tax on income from mining pools just like you would for any other type of income.
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