6 Biggest Mining Companies In The World

Unlike governments and paper money, bitcoin operates as a peer-to-peer network, which means that no one decides how much of it will be produced and how it will be distributed. The miners are the ones who run the software on their machines and issue a certain amount of bitcoin in return. This provides a smart way to issue the currency while creating an incentive for more people to join it.

1. BitFury -16.4%

This is one of the best-funded mining companies in the world. They raised more than $20 million in July 2015. The startup is originally from Latvia but it operates in Iceland, Finland, and Georgia. They are mainly focused on Bitcoin mining but they are planning on expanding.

2. F2Pool -16.49%

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.

3. BW Pool -7.68%

BW Pool is a Chinese pool with almost no availability for all the English-speakers.

4. Eligius -4.83%

You have to agree that is a pretty cool name for a mining company. St. Eligius is the patron saint of goldsmiths. This is a North American pool founded in 2011.

5. KnCminer – 4.27%

KnCMiner is a Swedish mining company. This company raised more than $15 million in February 2015.

6. AntPool – 17.82%

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.