The Best Bitcoin Mining Pools (Top Five Reviewed)

Whether you’re interested ter becoming a Bitcoin miner for the very first time or you’re simply seeking a fresh Bitcoin mining pool, we’re here to help! Ter this article, we’ll examine the top five Bitcoin mining pools. It’s worth noting that this article is about mining with your own Bitcoin mining hardware and not cloud mining.

What is a Bitcoin mining pool?

For those who are fresh to cryptocurrency, mining pools are groups of miners who pool their resources together te order to generate blocks more quickly. Miners then receive more regular prizes than they would mining solo, spil prizes are collective among members. How much of the block prize miners receive depends on how much their hashing power has contributed to solving a block.

Before choosing a Bitcoin mining pool

There are different mining pools for different cryptocurrencies. Here are a few factors to consider when you’re choosing a mining pool:

Size: Fatter pools suggest more regular payments. However, the payout is smaller because it’s collective among more members. Smaller pools suggest less frequent payments but larger payouts. Whichever you choose, the terugwedstrijd should even out ter the long term.

Prize Method: The main prize types to be found at different mining pools include the following:

  • Pay-per-Share (PPS): Each time a share is submitted, a user is paid a immobilized amount.
  • Proportional: The user is paid based on the proportion of shares they found.
  • Score based: A proportional method weighed by the time a share is submitted.
  • Pay vanaf Last N Shares (PPLNS): Similar to proportional, but each share can be rewarded on numerous rounds.

Fees: Some Bitcoin mining pools charge fees, and some don’t. Fees can range from spil little spil 0% to 3%. Keep ter mind that not all mining pools are up pui about their toverfee structures.

Be sure to also consider the reliability of the mining pool, how much security it offers, and how effortless it is to withdraw funds. By exploring thesis areas, you can better determine if you can make a profit from Bitcoin mining.

Slush Pool

Announced te 2010, Slush Pool wasgoed the very very first Bitcoin mining pool and undoubtedly led the way for many Bitcoin mining pools. Run by Satoshi Labs, it’s based ter the Czech Republic and goes after a score-based system to discourage pool switching.

This is a medium-sized pool that maintains just overheen 7% of the network hash rate. There’s a motionless toverfee of 2% for every transaction, which is collective with the miners. With regard to withdrawing, a threshold can be set, with balances sent out when this is reached. Slush Pool also provides a service to mine Zcash (ZEC), which can be mined for free. Slush Pool’s instrumentenbord is also very user friendly and provides excellent detail with regular updates. While it may not be the largest of the Bitcoin mining pools, it’s certainly considered one of the best.

  • The very first Bitcoin mining pool, very established
  • Score-based method reduces the risk of cheating
  • Excellent user-friendly instrumentenbord
  • The 2% toverfee may be too much for some people

Antpool

Antpool is a Chinese Bitcoin mining pool operated by Bitmain Technologies. It has around 22% of the network hash rate, making it the thickest Bitcoin mining pool at the time of writing. One advantage of this mining pool is that you can choose inbetween PPLNS (0% toverfee) and PPS (Two.5% toverfee), both of which have their own advantages.

Ter terms of payments, they’re made once vanaf day if the amount exceeds 0.001 Bitcoin. Those fresh to Bitcoin mining will appreciate the clean interface. The instrumentenbord clearly displays earnings and hash rates. There are also a multitude of security options, including two-factor authentication, email alerts, and wallet locks. Spil one of the established players, Antpool is a reliable option for Bitcoin mining beginners.

  • You can choose inbetween the PPLNS and PPS prize types
  • Nice interface that’s effortless for beginners to navigate
  • Slew of security options, including two-factor authentication
  • Payouts tend to be smaller because it’s such a big mining pool

Kano CKPool

Also known spil KanoPool, Kano CKPool wasgoed founded te 2014. This medium-sized Bitcoin mining pool operates a Pay vanaf Last N Share monster (PPLNS), charging a 0.9% toverfee with collective transaction toverfee prizes. It has around a 3% network hash rate, mining two to three blocks vanaf day.

Unlike some mining pools, Kano CKPool does not suggest merged mining. This means you can only mine Bitcoin with this particular pool. With regard to payout, there’s no threshold. Spil such, you’ll receive puny, frequent payments for your mining.

This is a relatively ordinary pool with an interface that could do with an update spil it’s not the most user friendly. It doesn’t have much ter the way of features, but it does have two-factor authentication for an reserve layer of security.

  • No payout threshold means regular payouts
  • Good support and a very welcoming community
  • Relatively low fees compared to some mining pools
  • The interface isn’t the most user friendly

F2Pool

A large Chinese Bitcoin mining pool, F2Pool opened te 2013. With 14% of the network hash rate, it’s presently the second-largest Bitcoin mining pool available. Operating a PPS prize system, F2Pool takes a 4% toverfee, which is on the high side.

Aside from Bitcoin, F2Pool has servers for mining Litecoin (LTC), Ethereum (ETH), and Zcash (ZEC). There’s a daily automatic payout, and the ondergrens withdrawal is 0.001 BTC. Unlike some Chinese Bitcoin mining pools, it has an English interface. The layout is fairly plain, with information introduced ter a clear and concise manner, making it a particularly good option for beginners.

  • Option of mining LTC, ETH, and ZEC
  • Chance of regular payouts
  • Very low payout threshold
  • At 4%, the fees are higher than most mining pools

Eligius

Eligius is a Bitcoin mining pool based te the United States. It’s very effortless to join spil no registration is required. Founded ter 2011, it wasgoed one of the very first Bitcoin mining pools. The pool controls just under 1% of the network hash rate, which means that relatively speaking, it’s one of the smaller mining pools.

One of the main advantages of Eligius is that there are no fees. Users receive 100% of the block prize, including transaction fees. Eligius operates a PPS prize system with a ondergrens payout of 0.04 BTC. This higher ondergrens payout means that you’ll need a reasonable amount of hashing power to see a terugwedstrijd quickly. Speciaal from Bitcoin, Eligius also permits the merged mining of Namecoin (NMC).

  • Effortless to join spil no registration is required
  • It’s free: miners aren’t charged any fees
  • Merged mining of Namecoin for extra coins
  • Not for everyone—it will require a fair amount of hash power to be worthwhile

Are you using any mining pools to mine Bitcoins? Leave a comment about your pool below!

Mark Gill

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Fine tips! Joining a top mining pool will help you earn even quicker.

MinerGate is an established smart-mining multipool that permits you to mine all of the top cryptocurrencies, including XMR.

P2Pool is a decentralized Bitcoin mining pool that works by creating a peer-to-peer network of miner knots.

P2Pool creates a fresh block chain ter which the difficulty is adjusted so a fresh block is found every 30 seconds. The blocks that get into the P2Pool block chain (called the “share chain”) are the same blocks that would get into the Bitcoin block chain, only they have a lower difficulty target. Whenever a peer announces a fresh share found (fresh block te the P2Pool block chain), it is received by the other peers, and the other peers verify that this block contains payouts for all the previous miners who found a share (and announced it) that made it into the P2Pool share chain. This resumes until some peer finds a block that has a difficulty that meets the Bitcoin network’s difficulty target. This peer announces this block to the Bitcoin network and miners who have submitted shares for this block are paid te the generation transaction, proportionally to how many shares they have found ter the last while. – Unknown author

Decentralized payout pooling solves the problem of centralized mining pools degrading the decentralization of Bitcoin and avoids the risk of hard to detect theft by pool operators.

Miners are configured to connect to a P2Pool knot that can be run locally, alongside the miner. P2Pool users voorwaarde run a utter Bitcoin knot which serves the purpose of independently validating transactions and the Bitcoin blockchain. P2Pool also supports merged mining and several alternative blockchains.

P2Pool knots work on a chain of shares similar to Bitcoin’s blockchain. Each knot works on a block that includes payouts to the previous shares’ owners and the knot itself, which can also result te a share if it meets P2Pool’s difficulty.

Because of the importance of strengthening Bitcoin’s decentralization, some Bitcoin volgers donate to P2Pool miners, resulting te average comes back above 100% of the expected prize. However, it should be noted that there are other pools (such spil BitPenny and Eligius) which can provide this same level of decentralization.

Contents

Overview

P2Pool shares form a “sharechain” with each share referencing the previous share’s hash. Each share contains a standard Bitcoin block header, some P2Pool-specific gegevens that is used to compute the generation transaction (total subsidy, payout script of this share, a nonce, the previous share’s hash, and the current target for shares), and a Merkle branch linking that generation transaction to the block header’s Merkle hash.

The chain continuously regulates its target to keep generation around one share every thirty seconds, just spil Bitcoin regulates it to generate one block every ten minutes. This means that finding shares becomes more difficult (resulting te higher variance) the more people mine on P2Pool, however large miners have the option to raise their difficulty, and so reduce the influence of their mining on P2Pool’s ondergrens difficulty.

Unlike Bitcoin, knots do not know the entire chain – instead they only hold the last 8640 shares (the last Trio day’s worth). Ter order to prevent an attacker from working on a chain te secret and then releasing it, overriding the existing chain, chains are judged by how much work they have since a point te the past. To ascertain that the work has bot done since that point, knots look at the Bitcoin blocks that the shares reference, establishing a provable timestamp. (If a share points to a block, it wasgoed certainly made after that block wasgoed made.)

Payout logic

Each share contains a generation transaction that pays to the previous n shares, where n is the number of shares whose total work is equal to Three times the average work required to solve a block, or 8640 (= 24 hours of shares), whichever is smaller. Payouts are weighted based on the amount of work each share took to solve, which is proportional to the p2pool difficulty at that time.

The block prize (presently 12.5BTC) and the transaction fees are combined and apportioned according to thesis rules:

A subsidy of 0.5% is sent to the knot that solved the block ter order to discourage not sharing solutions that qualify spil a block. (A miner with the aim to harm others could withhold the block, thereby preventing anybody from getting paid. He can NOT redirect the payout to himself.) The remaining 99.5% is distributed evenly to miners based on work done recently.

Ter the event that a share qualifies spil a block, this generation transaction is exposed to the Bitcoin network and takes effect, transferring each knot its payout.

Stales

On P2Pool stales refer to shares which can’t make it into the sharechain. Because the sharechain is 20 times swifter than the Bitcoin chain many stales are common and expected. However, because the payout is PPLNS only your stale rate relative to other knots is relevant, the absolute rate is not.

There are two reported kinds of stales ter P2Pool: “DEAD ON ARRIVAL” shares and orphan shares. Dead shares were too old by the time they arrived at your local P2Pool. Very high dead rates can indicate miner misconfiguration. Orphan shares are shares which were not extended by the surplus of the P2Pool network, because some other miner’s share wasgoed accepted very first. Very high orphan rates may indicate network connectivity problems.

The P2Pool console output shows your relative stale rate compared to other P2Pool miners te the ‘Own efficiency’ katern:

When you very first begin P2Pool claimed efficiency will be low and the error bounds on this estimate will be large, but spil it runs the numbers will converge to their onberispelijk values.

If your efficiency is unusually low, make sure your network connection isn’t overcharged, that your miners support long polling and are not set to work for excessive amounts of time, and that your bitcoind has numerous connections.

Joining the pool

Go after thesis steps to join the pool:

  • Run Bitcoin with the RPC interface enabled: edit bitcoin.conf to include:
  • Substitute LONG_RANDOM_SECRET_VALUE with something long and random like the output of smashing your keyboard for a bit like fju4M78yAj3ds39pak92raK. You don’t need to be able to reminisce it. If your RPC port becomes exposed to the internet a thief could steal your bitcoin if they could guess it, or use a brute force attack te order to find it.
  • Bitcoin 0.8.Five or zometeen is required
  • It’s significant that your Bitcoin client be fully synchronized before embarking. It’s also better if you have the Bitcoin port forwarded
  • Download p2pool:
    • Windows binary: See http://forum.bitcoin.org/index.php?topic=18313.0
    • Source download: https://github.com/forrestv/p2pool/tags
    • git: git clone git://github.com/forrestv/p2pool.git
    • Run p2pool: (See below for extra options.)
      • Windows py2exe: run_p2pool.exe
      • Source: python run_p2pool.py
      • Run a miner daemon with long polling connecting to 127.0.0.1 (or the IP of the host running p2pool if it isn’t on the same pc spil the miner) on port 9332 with any username and password
        • bfgminer -O u:p -o http://127.0.0.1:9332/ –submit-stale
        • Subscribe to the P2Pool notifications mailing list for urgent pool status updates
        • Dependencies if running from source:

          • Python Two.6 or higher (but not Three.x)
          • python-argparse
          • Twisted (Ubuntu package python-twisted)

          Frequently Asked Questions

          Q: “Why does my miner report so many longpoll events when mining on p2pool? – P4Man”

          30 seconds is normal. That is how often p2pool shares are generated (spil opposed to

          Ten zoogmoeder for bitcoin blocks) – cabin”

          Q: “Do the ‘orphan’ and ‘dead’ shares ter P2Pool’s status display hurt mij?”

          A: They shouldn’t – It’s normal for some fraction of everyone’s shares to end up orphaned or dead. Because payouts are calculated by counting how many shares you have relative to others, everyone with normal configurations is identically “hurt” by this. However, if you have a large proportion of stales, your payout will be hurt. You can see how well you’re doing by looking at P2Pool’s “Efficiency” (ex: Efficiency:

          110.6% (40-111%)). If 100% doesn’t lie within the confidence interval at the end, something is very likely wrong (with 95% confidence).

          Q: “What do I do if my efficiency is low?”

          A: Make sure the computers you’re running P2Pool and the miner on have enough memory and CPU time. If you have a loterijlot of dead shares or the “Local dead on arrival” number is higher than a few procent, that means that something is wrong with your miner. Check to make sure that it is one of the working versions ter the Miners section on this pagina. Lower the power or raise the FPS of your miner. If you have a lotsbestemming of orphan shares, something is wrong with P2Pool’s P2P connection. Decrease the blast on your internet connection or enable QoS (Quality of Service) on your router.

          A: Pay-Per-Last-N-Shares is a payout method that is downright resistant to pool hoppers.

          Q: Why am I not getting very many shares?!

          A: The P2Pool difficulty is hundreds of times higher than on other pools. It can take time to get a share. P2Pool displays an estimate of how long you have to wait ter the console output.

          Q: Why does my miner say it has found a lotsbestemming of shares but p2pool say I have only found a few?!

          A: The real P2Pool difficulty is hundreds of times higher than on normal pools, but p2pool essentially lies to your miner and tells it to work on relatively effortless shares so that it submits shares every few seconds instead of every few hours. P2Pool then disregards any submitted shares that don’t match the real share difficulty. By doing this, P2Pool can more accurately report your local hash rate and you can see if you are having problems with too many stale shares quickly

          Q: Why am I getting so many rejects?

          A: You’re using an incompatible miner. See the miners section here, increase your FPS on the miner, decrease the strength, upgrade your miner, or attempt a different miner.

          Q: What stops the pool technicus or the block finder from stealing a block?

          A: A block solution is only worth anything because its hash matches Bitcoin’s target. Altering anything within the block will switch its hash and make it worthless. If you are worried about the pool technicus stealing a block, you should attempt to inspect the source code of each fresh version.

          Q: Why does it say “Generated?” I want to spend my coins now!

          A: P2Pool includes payouts ter generation transactions, which voorwaarde mature (taking 120 blocks or 20 hours) before they can be spent. The reason for this is that a block could be orphaned, which would make its payout invalid and could switch roles transactions.

          Q: Do I get paid transaction fees?

          A: Yes. They are split among P2Pool miners.

          Q: What are thesis payments I’m getting that aren’t generated?

          A: Thesis are subsidies that people who support the idea of P2Pool send to miners.

          Q: Cool Subsidies sound like an awesome idea! How do I send some BTC to thesis awesome miners?

          A: See end of this pagina.

          Q: Do I indeed need the Entire blockchain?

          A: Yes. Your knot needs to be able to independently make decisions about what transactions to mine.

          Q: How do merged mining payments work?

          A: Merged mining is treated entirely by namecoind, so you’re solo mining and payouts will go into namecoind’s wallet.

          Miners

          This is all for the latest p2pool version, spil it includes several fresh workarounds.

          With all miners, using a HIGH FPS target (100?) or a LOW strength (8 for bfgminer?) helps a lotsbestemming with reducing stales.

          • bfgminer, cgminer, and ufasoft work ideally without any toegevoegd options.
          • DiabloMiner works fine after commit 3b731b9.
          • Phoenix works fine after commit a658ef2.
          • Poclbm works fine after commit 5e994e7.

          P2Pool uses higher difficulty shares than most centralized pools, so you’ll see fewer shares reported. This is normal and doesn’t reduce your payments. It’s also normal to see longpoll messages once vanaf every ten seconds on average.

          Tips to configure bfgminer to reduce stale/doa:

          • “gpu-threads” ,: “1”, (Two by default)
          • “queue” ,: “0”, (1 by default)

          Because of prompt longpooling ter p2pool it is better not NOT fetch work ahead.

          On non-dedicated machines strength=Three permits normal usage of PC, set it to 7 or more to get total hashrate.

          On most cards best is diablo and phatk kernel, looks like poclbm kernel have unstable rate.

          Useful features

          • If upgrading P2Pool or switching its configuration, you can commence another example of P2Pool te parallel with the very first. It will begin normally, but realize that the worker and P2P listening ports are busy and keep attempting to tie to them te the background. Thus, you can do almost-completely-seamless upgrades of P2Pool.
          • If you run numerous P2Pool knots or have trusted friends that run P2Pool, you can use -n to establish a onveranderlijk toegevoegd P2P connection to them.
          • You can make P2Pool use a configuration opstopping by running run_p2pool.py @FILENAME, with FILENAME being the path to a verkeersopstopping containing the command-line arguments (newlines are overlooked) Example:
          • Setting the username of your miner connecting to P2Pool to a Bitcoin address will make it mine to that address instead of the one requested from bitcoind or set by -a
          • Appending “/1000” to a miner’s username will increase the difficulty of producing a P2Pool share to at most 1000. This is useful to large miners because doing this can make it lighter for petite miners while minimally impacting the large miners themselves. See recommended values.
          • Appending “+1” (for example) after that will make P2Pool always give your miners work with a difficulty of 1

          Web interface

          Lots of gegevens and useful devices are available at http://127.0.0.1:9332/something:

          • /static/ – Lots of information from shares to graphs to payouts.
          • /rate
          • /users
          • /toverfee
          • /current_payouts
          • /patron_sendmany – Gives sendmany outputs for fair donations to P2Pool
          • /global_stats
          • /local_stats
          • /peer_addresses
          • /payout_addr
          • /recent_blocks
          • /uptime
          • /web/loom – Some different stats collected overheen the last day

          Included README

          Option Reference

          Interoperability table

          P2pool works fine with most hardware. This lists some of the hardware confirmed to work and any special configuration required.

          • ASICminer blade 10GH/s (Requires adding +1 to username or proxy)
          • Avalon 110nm 60-110 GH/s (All batches)
          • Avalon based 55nm 200 GH/s (specific makers?)
          • Avalon prototype 55nm 120GH/s (

          20 exist)

        • Icarus FPGA
        • Bitfury strikes back H-card and M-card (instructions)
        • Bitmain Antminer S1 180GH/s (Requires 20131226 firmware.)
        • Bitmain Antminer S3 440GH/s
        • BFL SC Jalapeno, SC Single 30, 50, &, 60 GH/s
        • Spondoolies Tech SP Ten
        • Spondoolies Tech SP 30
        • (Various GPU and most FPGAs other than BFL single FPGAs work fine too)

          This is a list of hardware with known issues that should not be used on p2pool.

          • Cointerra Terraminer IV (10-20% hash rate loss when mining on p2pool)
          • Btimain Antminer S2 (10-20% hash rate loss when mining on p2pool, the S1 &, S3 both work well on p2pool)

          Protocol description

          P2Pool’s protocol mirrors Bitcoin’s P2P protocol ter many ways. It uses the same framing (prefix, guideline, length, checksum, payload) and similar directives:

          • version – sent to establish a connection – contains (version, services, addr_to, addr_from, nonce, sub_version, mode, best_share_hash)
          • setmode – sent to update the mode sent ter the version message – contains (mode)
          • ping – sent to keep connection alive – contains ()
          • addrme – request that the receiving knot send out an addr for the sending knot – contains (port)
          • addrs – broadcast list of knots’ addresses – contains (addrs)
          • getaddrs – request that the receiving knot send count addrs – contains (count)
          • getshares – request that the receiving knot send the shares referenced by hashes and parents of their parents, stopping at any share referenced by stops – contains (hashes, parents, stops)
          • shares – broadcast message of the contents of shares – contains (shares)

          History

          This project wasgoed announced on June 17, 2011 by Forrest Voight [1] .

          The pool began testing against mainnet ter mid-July, 2011. The pool wasgoed reviewed on a Bitcoin Miner postbode on July 26, 2011 [Two] .

          The software author’s address for donations can be found te the signature section of his forum profile.

          Donating to P2Pool miners

          Ter order to encourage people to mine to P2Pool you can donate to the latest miners ter proportion using a sendmany:

          For example, a bash script to donate Ten btc is:

          You can substitute “” with “accountname” if you want to pay from some specific bitcoind account, and you need to substitute 127.0.0.1 with the address of your P2Pool knot if you’re not running one locally.

          Note that the amount you donate will be allocated to latest miners te proportion to the amount of work they’ve done te the last 24 hours or so, but all the miner whose shares of the donated amount are less than 0.01 BTC will have their shares combined into a single amount which is awarded to one of them at random, with the chance of winning this ‘lottery’ weighted by the miner’s latest amount of work done. You can switch this 0.01 BTC threshold like this, for example, which says to pay Ten BTC, but to share it amongst more miners that the default, cutting off at 0.001 BTC instead of at 0.01 BTC.

          If you determine to donate you should announce it on the forums so that your donations provide the most incentive possible.

          Sponsors

          • The Bitcoin Foundation for its generous support of P2Pool
          • The Litecoin Project for its generous donations to P2Pool

          Related movie: Top Billionaires invest te Bitcoin


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