

The mining pool has been functioning since 2013, also known as Discus Fish. ViaBTC is a young mining pool that focuses on miners from China, but one can connect to it from other countries.

Slush pool is the first pool on the market since the existence of Bitcoin.This is the most powerful Bitcoin pool today its share now stands at 19.2%, it is organized by the well-known computer equipment manufacturer Bitmain Technologies through its subsidiary. In this regard, we have selected the top 10 most reliable pools for Bitcoin mining.

There are lots of pools on the market however, not all of them has a trustworthy reputation. Similar to the proportional algorithm, but instead of taking into account the number of shares filed in each round, this method rewards new shares, regardless of the boundaries of the round.

This is the same cryptocurrency mining in pools, but using leased equipment. In addition to mining using pools, cloud mining is another effective option. Today, some pools automatically switch to the most profitable cryptocurrency and then convert profits into BTC. Multi coin pools give miners a possibility to mine a bunch of coins simultaneously preserving efficiency between digital assets. Single and Multi Coin PoolsĪ single coin pool offers clients to mine only one type of cryptocurrency – for example, Bitcoin or Ethereum. They differ in coins they mine and the method they collect power. TypesĪnalyzing the types of mining pools, miners usually divide them into single and multi-coin pools. If earlier one could mine using one computer of average power now, taking into account the complexity of mining, it is necessary to have very powerful and expensive equipment or join pools. Even if the power of the hardware is small, the participant gets a proportion in the total earnings, commensurate with his costs. All about Mining pools, so a mining pool is a particular server that is used to distribute tasks for Bitcoin mining or other types of digital coins between the participants of the pool.Įach member entering the pool sends the power of his equipment to decrypt the block, which he receives a reward.
