Regardless of a gigantic influx of new altcoins, bitcoin has managed to maintain its dominance in the market. For a cryptocurrency to sustain this hype for nearly 11 years in such a competitive space is something to be commended. You can to visit the news spy to analyze bitcoin trading in depth. People who want to acquire bitcoins opt for either bitcoin mining or a cryptocurrency exchange to buy directly. But in bitcoin mining, miners have two options, the first is to go solo and the second is to start a mining joint venture.
For a mining joint venture, the purchase of members of a mining pool is necessary. Therefore, security should be your priority when exploring the features of a cryptocurrency exchange. Usually, traditional global cryptocurrency exchanges are good when it comes to security. Nevertheless, if the characteristics of these exchanges do not satisfy you, you can switch to another local exchange.
Not all mining pools are paid, as the majority of mining pools generate transaction fees by deducting transaction fees from each withdrawal made by cryptocurrency miners. People who know nothing about cryptocurrency mining pools are confused when choosing an optimal one; that’s why if you’re having trouble finding a mining pool that suits your preferences, here are the best bitcoin mining pools.
We are leading the bitcoin mining pools!
Two important factors determining the potential of the cryptocurrency mining pool are the hash rate and the number of users. The cryptocurrency mining listed below or a dedicated bitcoin mining pool are ranked in the list of bitcoin mining pools based on their hash rate generated in the last six months. So let’s take a look at the best bitcoin mining pool.
Antpool is a bitcoin mining pool giant with maximum hash rate. This cryptocurrency mining pool came after many famous mining pools came live. In recent months, the popularity of this mining pool has exploded and gained a large user base despite a competitive space. The reason why this mining pool has surged in such a short time is because of the parent company. The parent company of this mining pool is Bitmain.
Established miners know about Bit main because it leads the bitcoin mining industry by manufacturing application-specific integrated circuits. However, Bitmain has been accused of disrupting the mining ecosystem of the bitcoin network by only manufacturing mining-centric hardware, which makes bitcoin mining useless with other hardware.
In terms of hash rate and user base, BTC.com lags behind Antpool but is ranked among the largest bitcoin mining pools in the instance. BTC.com is accordingly owned by the largest ASIC maker in the cryptocurrency community. In short, this company owes the two most preferred cryptocurrency mining pools. Bitmain is not only accused of challenging the bitcoin mining ecosystem, but also of making bitcoin mining a centralized action.
However, Bitmain is not the only famous manufacturer of ASICs, as Avalon is also a famous manufacturer of bitcoin mining hardware. However, the range of products manufactured by Bitmain is much more complete. Additionally, this company recently went public; people invest in shares of this company to invest directly in bitcoin mining companies. The payout methodology followed by this mining pool is pay-per-share FPPS. The current position of this mining pool in terms of hash rate is 5.89 Exahash.
The above mining pools accounted for over 31% of the Bitcoin blockchain and BTC blocks, with top accounts alone generating over 14% hash rate. Besides allowing virtual currency miners to mint only BTC, this cryptocurrency mining pool also allows you to participate in mining bitcoin hard forks like Bitcoin cash.
Only a few old bitcoin mining pools have retained their user base, and slush is one of the few mining pools. Slush is a cryptocurrency mining pool allowing you to mine bitcoin and other digital currencies. The hash rate of this cryptocurrency miner is currently much lower than the mining pools listed above, but the user base of this mining pool is huge as it has gained the trust of early players in the industry mining. The hash rate generated by this mining pool every second is 2.34 Exahash.
The above part explains the best bitcoin mining pools.