popular bitcoin mining pools

The Most Popular Bitcoin Mining Pools

in Use Bitcoin by

How to sign up with a Bitcoin mining pool

Each mining pool will have their requirements for you to join. The huge majority will require you to do the following:

  1. Register an account with the mining pool.
  2. Configure your mining software application to link with the mining pool.
  3. Offer the mining pool with a Bitcoin address for your payments.
  4. Keep in mind that not all Bitcoin mining pools are public, which suggests you can’t join them. Some pools, like BitFury, are private and can not be joined with a mining setup in the house.

popular bitcoin mining pools

Mining pool benefits

These Bitcoins are shared amongst the miners contributing to the pool. Some mining swimming pools share these transaction costs with their miners, whereas others keep them to themselves.

Mining pool charges

Some mining swimming pools need their miners to pay a portion of their earnings for the opportunity of utilizing the pool. It’s worth going shopping to find a mining pool that costs less, or nothing at all.

Taxes on your Bitcoin

Whether or not you need to pay taxes on your revenues depend on where you live. It’s probably best to assume that your mining yields will be dealt with as a gross income. Do some research or seek advice from an expert accounting professional to ensure you’re playing it safe.

popular bitcoin mining pools

The Most Popular Bitcoin Mining Pools

Although it’s getting significantly tougher to mine Bitcoin on your own, there are numerous Bitcoin mining pools you can join. The huge bulk of Bitcoin mining pools are in China, but that is seldom a barrier keeping others from getting involved. Here are the leading 10 most significant Bitcoin mining swimming pools:.

1. BTC.com

Country: China.

Established: 2015.

Share: 17.93% of all blocks.

Can you sign up with: Yes.

2. AntPool

Country: China.

Established: 2015.

Share: 14.40% of all blocks.

Can you join: Yes.

3. SlushPool

Country: Czech Republic.

Established: 2010.

Share: 11.96% of all blocks.

Can you join: Yes.

4. BTC.top

Nation: China.

Established: 2014.

Share: 9.24% of all blocks.

Can you sign up with: Yes.

5. F2pool

Country: China.

Established: 2013.

Share: 9.24% of all blocks.

Can you sign up with: Yes.

6. ViaBTC

Country: China.

Established: 2016.

Share: 8.97% of all blocks.

Can you join: Yes.

7. Poolin

Nation: China.

Established: 2014.

Share: 5.71% of all blocks.

Can you join: Yes.

8. BitFury

Country: Georgia.

Established: 2014.

Share: 3.53% of all blocks.

Can you join: Yes.

9. BitClub

Nation: China.

Established: 2014.

Share: 2.72% of all blocks.

Can you join: Yes.

10. DPOOL

Nation: China.

Established: 2014.

Share: 2.45% of all blocks.

Can you sign up with: Yes.

I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.