Best bitcoin mining pool 2016

The wedren is on. Alexander Hassenstein/Getty Pictures

Flashy startups like Coinbase, Circle, Blockchain, and BitPay are some of the most famous companies ter bitcoin.

But arguably more significant are the miners — individuals and organisations who form the core backbone of bitcoin, ensuring the digital currency’s integrity.

Bitcoin runs on a blockchain, a decentralised and public ledger of every transaction made on the network. By suggesting processing power towards this, users get a chance to win bitcoin — creating an arms wedren of miners scrambling to assemble ever-more sophisticated and powerful equipment to “mine” fresh bitcoin.

This decentralisation has ample benefits, but also comes with fresh risks: Right now, if just the top three organisations joined compels they would control 51% of the network — providing them the power to rewrite the blockchain spil they see getraind.

Some individuals go it alone, others join open “pools” where they combine their resources to improve their odds, some larger companies also have mining efforts.

While the #1 spot can switch from week to week, wij have ranked the thickest mining companies using gegevens covering June 22-29, 2016, using gegevens from bitcoin network analysis company Blocktrail.

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Eighteen. — 0.1%

This relatively puny pool wasgoed created te 2011 by programmer Forrest Voight. It claims to be “the most translucent mining pool on the planet” because it distributes all pool gegevens for the public to view. Spil of September 2014, it had mined more than 78,000 bitcoin (ВЈ13.Four million or $20.9 million at current prices).

17. Eobot — 0.1%

Eobot is a cloud mining solution that lets users mine bitcoin — and other digital currencies including Ethereum, Litecoin, Dogecoin, Ripple, and more — without wielding any of their own hardware. They just pay the company to rent server power.

It launched te 2013, and operates out of Los Angeles, California.

16. BitMinter — 0.2%

A veteran pool, BitMinter wasgoed created te 2011 by Geir Harald Hansen. According to BitcoinWiki, a digital currency wiki, it has servers ter the US and inВ Europe.

15. Eligius — 0.3%

Eligius is a North American public pool launched ter April 2011. According to CryptoCoinsNews, its technicus Luke Dashjr (or “Luke-Jr”) is a Catholic who has previously written religious messages onto the blockchain, the public ledger of all bitcoin transactions.

Saint Eligius, the pool’s namesake, is the patron saint of goldsmiths and coin collectors.

14. — 0.3% wasgoed launched te July 2013 and te 2014 gained some notoriety through its success: Ter June, it shortly gained control of 51% of the entire bitcoin network. This majority control is arguably the thickest threat to bitcoin, and demonstrates the power of miners when they get too large — it could have rewritten the blockchain however it witnessed gezond, potentially unstabilising the network ter the process.

Since then, its hash power has dropped off: It now sits at below 1%.В Londoner Jeffrey Smith, the company’s CIO, acts most frequently spil its spokesperson. It also operates, a bitcoin exchange.

13. Telco 214 — 0.69%

Telco 214 launched back te 1997 spil an “international voice communications provider,” according to Bloomberg, with its headquarters ter Palm Bay, Florida. According to the Bitcoin Wiki, it is a solo mining operation, rather than a pool.

12. 1hash — 0.79%

1hash, a Chinese mining pool, controls a little under 1% of the total network. It has around 1,200 individual miners online at the timing of writing, according to its webstek.

11. Unknown entity — Two.37%

An “unknown entity” is presently responsible for 2% of the hash power on the bitcoin network. It could be a private organisation calmly building a mining operation, or a public pool that is flying below the radar.

Ten. Kano CKPool — Two.77%

CKPool is a public pool created by an Australian anaesthetist and programmer, Con Kolivas, and bitcoinerВ “Kano.”

It wasgoed launched ter September 2014, andВ for risk-takers, it also offers a “solo” pool. This means that users will pool their resources to find a bitcoin block quicker than they would alone — but only the user who detects the block gets any prize.

This is the standard pool.

9. KnCMiner — Trio.26%

KnCMiner is a Swedish mining hardware company.В It hasn’t bot worth mining bitcoin using standard consumer laptop hardware for years because of the kleintje of processing power involved, the breathtaking majority of ordinary members of public pools will have bought hardware from companies like KnCMiner.

It raised a $15 million (ВЈ9.6 million) Series B ter February 2015 led by Accel Vrouwen. It boasts its green credentials on its webstek , and has gegevens centres Sweden, with expansions planned forВ Iceland and Finland.

8. HaoBTC — Trio.66%

HaoBTC is a Beijing-based bitcoin company that offers a wallet for storing the digital currency spil well spil a traditional mining service with a mine te Kangding, China. It uses its mining operation te a novel way: Paying “interest” to people who hold wallets with them with the bitcoins that it mines.

According to its webstek, it has “tens of thousands” of users.

7. Slush — Four.15%

Launched te November 2010, Slush Pool is the world’s oldest public mining pool, and remains vooraanstaand today. Its formal name is Bitcoin Pooled Mining.

Te real life, Slush isВ Marek Palatinus, a programmer from the Czech Republic. The pool is wielded by SatoshiLabs, which also runs a number of other digital currency projects.

6. BitClub Network — Four.15%

Unlike some other pools, BitClub Network does not disclose its founders, telling only that it is “run by a team of programmers, digital mining experts and entrepreneurs who have come together with MLM experts from around the world.”

MLM stands for Multi-Level Marketing — a referral system whereby a user gains bonuses for each fresh user they bring ter, who then gains bonuses for each fresh user they bring te, and so on. MLMs can be controversial because they resemble pyramid schemes, but BitClub Network insists that it is legitimate and not a “Ponzi Scheme.”

For some users, itВ works spil a cloud mining pool: Users don’t have to own their own hardware, just pay to rent some possessed by BitClub. Miners with their own equipments can also join the network, however.

Five. BitFury — 8.61%

BitFury is the best-funded mining hardware company te the business, raising $20 million (ВЈ12.8 million) ter July 2015. It wasgoed, CoinDesk notes, its third round te two years, and it has now raised $60 million (38.Four million) te total.

The startup is headed up by Valery Vavilov, originally from Latvia. It does not operate a public pool, but has private mines te Finland, Iceland, and the Republic of Georgia. Despite its prominence te the mining industry, Vavilov insists that “wij are not a mining company, I don’t like the word mining.”

Instead,В he told CoinDesk, “wij’re a technology company, but wij’re focused on bitcoin now. Our vision ter the next three to five years is to budge into different areas where computing power is valuable. Wij project to expand into other fields of skill where humanity needs a lotsbestemming of computing power.”

Four. BTCC — 14.34%

A relative newcomer to the toneel, BTCC (also known spil BTC China) is one of the largest players around despite only launching at the end of 2014. This growth is down to the fact that BTCC itself is one of China’s largest bitcoin exchanges, and also offers a number of other digital currency solutions.

It wasgoed founded ter 2011, and is presently led by Bobby Lee, who became CEO after purchasing the exchange ter 2013.

Three. BW Pool — 15.33%

BW Pool is another Chinese pool. It is wielded by digital currency company Bitbank, which wasgoed founded by Chandler Guo, according to CoinDesk.

Two. AntPool — 16.82%

AntPool is run by Bitmain, a Chinese mining hardware company headquartered ter Beijing. It boasts that its technology accounts for 56% of global bitcoin miners. It also claims to be the largest cloud miner te the world.

BitmainВ wasgoed launched ter Q1 2013, and co-founder Jihan WuВ is the CEO.

1. DiscusFish/F2Pool — 22.06%

Officially known spil F2Pool, this Chinese pool is also known spil DiscusFish due to its logo — a discus fish. It is operated by Wang Chun and Mao Shihang, “two Chinese technology enthusiasts,” Chun told CoinDesk ter September 2014. A spokesperson told Business Insider that the pool wields no hardware itself, 100% of its hash power comes from users.

Ter July 2015, F2Pool generated the then-largest bitcoin transaction everzwijn ter order to clear up a spam attack of “dust” or little bitcoin transactions evidently intended to clog up the network.

Related movie: Is Bitcoin Mining Still Profitable? (OUDATED – CHECK DESC. for UPDATE)

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