Officially defined “Pooled mining is a mining approach where groups of individual miners contribute to the generation of a block, and then split the block reward according to the contributed processing power. Pooled mining effectively reduces the granularity of the block generation reward, spreading it out more smoothly over time among the group.”
Let’s see which are the biggest mining pools.
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f2pool
Despite being an Ether mining pool, you can mine Bitcoin too. Unfortunately for some readers, this pool is only in Chinese. F2pool takes the second place for largest mining pool. This pool will charge you a 3 percent fee.
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AntPool
AntPool is a mining pool based in China. This company aims to create new ASIC chips for mining bitcoin. AntPool is one of the biggest pools because it recently reached the maximum of bitcoin blocks ( more than 20%). It is currently top-ranked at the list of mining pools.
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BTC.com
Right after AntPool comes BTC. BTC generated somewhat lower percent of bitcoin blocks thus taking the second biggest pool place. The cool thing about it is that it goes under the company that runs AntPool. They use the pay-per-share system with a hashrate of 5.88 EH/s.
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TOP
This pool has mined somewhat over 12% of the total bitcoins. They also do Bitcoin Cash mining.
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ViaBTC
ViaBTC offers to mine on many different cryptocurrencies such as Litecoin, Ethereum and Bitcoin Cash. The pool generated about 11 % of total bitcoin blocks.
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- Ethpool,Ethermine
These are two different sites. However, they are the same pool so it’s a good idea to join either one. Their pool is the largest pool with 25% of the network’s hash power. The great thing about it that you don’t pay any fees for payouts. You get a payout after 10 confirmations.
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