Best Pool To Mine Ethereum 2021



Updated December 23, 2022

bitcoin mining pool
At present that you lot have Bitcoin mining hardware, your side by side pace is to join a Bitcoin mining puddle or buy bitcoin.

What is a Mining Pool?

Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power.

While mining pools are desirable to the boilerplate miner as they smoothen out rewards and make them more anticipated, they unfortunately concentrate power to the mining pool’s owner.

Miners can, even so, choose to redirect their hashing power to a different mining puddle at anytime.

Finding a good mining pool is important because it’s going to save you money.

➤ MORE:

Bitcoin mining profit calculator

Pool Concentration in China

Before we get into the best mining pools to join, information technology’s of import to notation that most mining pools are in China. Many only have Chinese websites and support.

There are most 20 major mining pools. Cleaved downwardly by the percent of hash ability controlled by a puddle, and the location of that pool’s company, we estimate that Chinese pools control ~65% of the network hash charge per unit:

Keep in mind these numbers only represent the amount of hashing power each puddle represents. Many pools are headquartered in China and and then the number for People’s republic of china is quite high.

While these numbers also represented somewhat authentic hashing rates from each state, they no longer do as of June 2021. That is because China banned Bitcoin mining and shutdown most 90% of the mining ops in the region.

Most of that hashing ability has moved to the U.s.a. and Canada. Therefore, one tin no longer look at where a pool is headquartered and assume that the hashing power it represents is also Chinese-based.

Bitcoin Wallets

Before joining a mining pool:

You’ll need a bitcoin wallet.
Why?

This is because all Bitcoin mining pools will ask you for a Bitcoin address that volition exist used to send your mining rewards and payouts.

Our guide on the best bitcoin wallets volition help you get a wallet. Read the full guide.

➤ More:

Is bitcoin mining profitable in 2022?

Current Mining Pools

The listing below details the biggest Bitcoin mining pools:

mining share per pool

We strongly recommend new miners to join Poolin or Slush Pool.

one. F2pool

F2Pool is based in Cathay. It mines most xv.6% of all blocks.

2. Antpool

Antpool is a mining pool based in China and owned by BitMain. Antpool mines about fifteen% of all blocks.

3. ViaBTC

ViaBTC is a somewhat new mining pool that has been around for about one yr. Information technology’s targeted towards Chinese miners and mines nearly x% of all blocks.

four. Poolin

Poolin is a public pool which mines about xi% of all blocks. They are based in China, just have a website fully available in English.

five. Binance Pool

Binance Pool is a fast growing pool owned and operated by Malta-based substitution Binance.

Binance is already ane of the largest crypto exchanges on World and they are moving aggressively to expand their reach in mining as well.

Binance mines about 11% of all blocks

6. BTC.com

BTC.com is a public mining pool that can exist joined and mines almost 6.v% of all blocks. We strongly recommend joining Slush Pool or Poolin instead.

seven. Foundry U.s.

Foundry USA is (y’all guessed it) a US based pool endemic by German blockchain company Foundry Digital. They account for 17% of all hashing ability.

viii.Slush Pool

Slush Puddle was the offset mining pool and currently mines about 6% of all blocks.

Slush is probably one of the all-time and most pop mining pools despite not being one of the largest.

9. SBI Crypto

This is a Japanese pool that currently mines about 2.6% of the blocks.

The comparing chart to a higher place is just a quick reference. The location of a pool does non thing all that much. Well-nigh of the pools have servers in every country then even if the mining puddle is based in China, you could connect to a server in the United states, for example.

➤ MORE:

Bitcoin mining machines & hardware

Bitcoin Mining Pool Comparison

Pool Fees Payout
antminer s19 Antpool 1.five-four% PPLNS and PPS
antminer s19 Slushpool 2% Score
antminer s19 F2 Puddle 2.5% PPS+
whatsminer m30s+ Poolin 2.five% PPS+

Become Mining Hardware

What is mining hardware?

Mining hardware is specialized computers, created solely for the purpose of mining bitcoins. The more powerful your hardware is–and the more than free energy efficient–the more profitable it will exist to mine bitcoins.

Miner Hash Power Price*
antminer s19 Antminer S19 95.0 TH/s $10k-12k
antminer s19 Pro Antminer S19 Pro 110.0 Thursday/s $15k-17k
whatsminer m30s+ WhatsMiner M30S+ 100.0 TH/south $8,500

*BuyBitcoinWorldwide.com averages prices from diverse online sources. Bodily prices may vary depending on seller.

Get a Bitcoin Wallet and Mining Software

Before yous bring together a mining pool y’all will besides need Bitcoin mining software and a Bitcoin wallet. You lot volition likewise very probable demand an ASIC miner, since GPU mining volition probable never exist profitable again going forwards.


hardware wallets and mining software

Mining Pools vs Cloud Mining

Many people read about mining pools and think it is just a group that pays out free bitcoins. This is not true! Mining pools are for people who take mining hardware to separate profits.

Many people get mining pools confused with cloud mining. Cloud mining is where y’all pay a service provider to mine for you lot and you get the rewards.

Which Countries Mine the most Bitcoins?

Bitcoin mining tends to gravitate towards countries with cheap electricity.

As Bitcoin mining is somewhat centralized, x-15 mining companies have claimed the vast majority of network hash power.

With many of these companies in the aforementioned country, only a pocket-sized number of countries mine and export a meaning corporeality of bitcoins.

China

China’southward mining pools mine the most bitcoins even though the actual mining hardware may be located in a different country.

Until recently even the mining hardware was located in China because the electricity in China is very cheap. It was even rumored that some Chinese power companies pointed their backlog energy towards Bitcoin mining facilities and then that no energy goes to waste.

All of this has changed since the Chinese regime has banned crypto mining inside the state.

All the same China is dwelling house to many of the superlative Bitcoin mining pool companies:

F2Pool, AntPool, BTCC, and BW.

It’southward estimated that these mining pools own somewhere around sixty% of Bitcoins hash power, meaning they mine most threescore% of all new bitcoins.

Georgia

Georgia is home to BitFury, i of the largest producers of Bitcoin mining hardware and chips. BitFury currently mines nigh xv% of all bitcoins.

Other Countries

The countries above mine nigh lxxx% of all bitcoins.

The rest of the hash power is spread across the remainder of the world, oftentimes pointed at smaller mining pools like Slush (Czech republic) and Eligius (US).

  • What is a mining pool?
  • Get a Bitcoin Wallet and Mining Software
  • Electric current Mining Pools
  • Best Bitcoin Mining Pool Comparison
  • Mining Pools vs Deject Mining
  • Which Countries Mine the most Bitcoins?
  • Other Countries
  • A Note on Pools
  • Why are Miners Of import?
  • Antpool Review
  • Bitfury Information

A Notation on Pools

While nosotros can see which mining pools are the largest, it’s important to sympathize that the hash ability pointed towards a mining pool isn’t necessarily endemic by the mining pool itself.

At that place are a few cases, like with BitFury and KnCMiner, where the company itself runs the mining operation but doesn’t run a mining pool.

Bitcoin miners can switch mining pools easily past routing their hash power to a dissimilar pool, so the market share of pools is constantly changing.

To make the listing of height ten miners, we looked at blocks plant over the by half dozen months using data from BlockTrail.com.

The size of mining pools is constantly changing. We will do our all-time to proceed this mail upwardly-to-appointment.

Note:

If yous cloud mine and then you don’t need to select a pool; the deject mining company does this automatically.

Why are Miners Of import?

Bitcoin miners are crucial to Bitcoin and its security. Without miners, Bitcoin would be vulnerable and easy to attack.

Become this:

Most Bitcoin users don’t mine.

Withal, miners are responsible for the creation of all new bitcoins and a fascinating function of the Bitcoin ecosystem.

Mining, once done on the average dwelling computer, is now mostly done in large, specialized warehouses with massive amounts of mining hardware.

These warehouses usually straight their hashing power towards mining pools.

How exercise Pools Pay Members?

best bitcoin wallet

You may exist wondering how pools payout their members?

Is information technology the same way every time?

Do all pools apply a similar payment structure or are all of them unique?

When you become a fellow member of a mining puddle, there are a number of ways your rewards for contributing hashing ability can be calculated. All of the payout methods employ the term “share”.

A “share” is awarded to members of the mining pool who present a valid partial proof-of-work.

Essentially, the more hashing power you contribute to the pool, the more than shares you are entitled to.

The most unproblematic payout scheme, Pay Per Share guarantees the miner a payout regardless of if the pool finds the next block or not. The value of a share is determined by the amount of hashing power that is likely needed to observe a block divided by the reward for finding it.

If 100 shares are probable needed to find a cake and the advantage is 6.25 BTC, and so each share is worth .0625 BTC (half-dozen.25 / 100).

Payment is paid from the pool’s existing balance and the amount of the payment is determined based on your number of shares.


pay per share payout scheme

PPS payout schemes pay out every block based on block rewards only

Because payment is guaranteed, more of the risk is on the mining puddle operator. The payouts to the puddle members is therefore smaller than in Pay Per Last N Share, explained below.

One terminal feature of Pay Per Share is that transaction fees from each block are kept past the pool operator. Pool members are only paid based on block rewards.

Full Pay Per Share (also known as “Pay Per Share +”) is the aforementioned as Pay Per Share, except transaction fees are too paid to the pool members on peak of the block reward.


pay per share plus scheme

FPPS payout schemes pay out every block based on block rewards and tx fees

Pay Per Last North Shares

Pay Per Terminal N Shares is a more than complicated payout that shifts more risk to pool members but too more rewards.

In Pay Per Last N Shares, puddle members are only paid once a block has been constitute. In one case a cake is found, the pool looks at your share contributions for all previous blocks where the pool did non detect the cake, and this is chosen a “fourth dimension window”. All the blocks in a time window are known as a “circular”. Using these numbers, the puddle determines your full share contributions over the round to determine your payout.


pay per last n share scheme

PPLNS payout schemes practice non pay out every block

For example, if the pool mines through 6 blocks before finding a block, Then their reward for all the hashing ability the pool contributed to the network over they 6 block circular is 6.25 Bitcoins (not including transaction fees). If you contributed 100 shares for each of those blocks and the total number of shares was 1000, so your payment would be .625 BTC or .104 BTC per block.

The idea backside this payout scheme is that it removes all luck and but pays members based on their contribution to actual acquirement earned by the pool. This scheme besides incentivizes members to continue mining on in the pool even as the profitability of mining different coins rises comparatively. This is because disconnecting from the pool before a block is institute will pay you nothing.

Pools that utilize Pay Per Last N Share may or may not include transaction fees in their reward payouts so it is upward to your to discover this out from each pool.

What Makes Each Pool Unique?

pool logo

So which pool should you choose?

Let’s go over all the most of import info of each of the pools.

Past the end, you should be able to selection the best one for you.

Despite contempo controversy, Antpool remains the largest Bitcoin mining puddle in terms of its Bitcoin network hash charge per unit. Antpool holds roughly 15% of the full hash rate of all Bitcoin mining pools.

Antpool review

Almost Antpool

Antpool mined its first block in March 2014, pregnant that it emerged roughly four years after the first mining puddle; Slushpool.

Antpool is run by Bitmain Technologies Ltd., the world’southward largest Bitcoin mining hardware manufacturer, and a large portion of their puddle is run on Bitmain’s own mining rigs.

Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability (US, Deutschland, China etc.).

As well, Antpool’s user interface is surprisingly slick considering that the underlying company thrives mostly off of hardware sales.

How to Bring together Antpool

The pool is complimentary to bring together and the process is unproblematic.

Outset, yous demand to acquire Bitcoin mining hardware. And so you need to download mining software. If you lot demand help deciding, I propose you accept a wait at our hardware and software guides.

Hardware is important considering information technology determines the size of your contribution to the pool’s hash rate. Software is of import because it enables yous to direct your hardware’southward hash power towards the puddle y’all prefer. So make sure to make the right choice in order to optimize your rewards.

What are Antpool’s Fees?

Antpool’s payout structure and percentages vary wildly depending on the coin you are mining in the pool.

In the example of Bitcoin, yous volition be charged a PPS+ at 4% plus a 2% transaction fee or you tin choose PPLNs at 0% or SOLO at i%.

You tin can see beneath for more than details:


Bitmain’s fees

While Antpool does non straight accuse fees, it as well does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward which Antpool
does
share with yous when it finds a cake.

Lately, however, Bitcoin transaction fees have been ascension and an additional one-2 bitcoins are collected per block by pools. At this fourth dimension, Antpool keeps 1-2 bitcoins form transaction fees for itself, which are not shared with miners who have hash ability pointed toward the pool.

Information technology can be argued that these rates forbid the service from being usable for small-scale-fourth dimension and big-book users. Consequently, some users on bitcointalk.org heed that the undisclosed fees make the service unwise to use for the fourth dimension being.

What is the Payout Threshold?

The pool does not appear to have a payout threshold and pays out every day around 10 AM UTC.

The minimum withdrawal corporeality is 0.0005 BTC (other sources say 0.001 BTC).

What is the Controversy around Antpool?

Antpool had refused to enable arguably benign upgrades to Bitcoin for reasons that take been largely disproven.

More specifically, the controversy revolved around Segwit – a feature that required miner activation to be enabled. Despite the fact that most Bitcoin users wanted this feature activated, Antpool, amid other pools, was attempting to block it.

This eventually resulted in the Bitcoin Cash difficult fork and the ultimate activation of Segwit on Bitcoin.

According to BlockTrail, Bitfury is the third largest Bitcoin mining puddle and mines about xi% of all blocks.

The principal difference betwixt the Bitfury puddle and other mining pools is that Bitfury is a private pool.

Bitfury, the company, makes its own mining hardware and runs its own pool. So, different Slush or Antpool, Bitfury cannot be joined if y’all run mining hardware at home.

Bitfury 16nm ASIC Bit

Unrelated to its pool, Bitfury sells a 16nm ASIC mining flake.

Although Bitfury controls a large portion of the Bitcoin network hash rate, its committed to making Bitcoin decentralized:

BitFury is fundamentally committed to existence a responsible player in the Bitcoin community and nosotros want to work with all integrated partners and resellers to make our unique engineering science widely available ensuring that the network remains decentralized and we move into the exahash era together.

Valery Vavilov, CEO of BitFury

Slush Pool is a name you probably heard if you ever researched mining pools. Today, we’re going to assistance you familiarize yourself with information technology and see whether or not it’s worth using.

slush pool home page

Slush Pool has been around since 2010 and is one of the oldest Bitcoin mining pools in existence. Information technology was originally merely called “Bitcoin Pooled Mining Server” or BPMS for short.

Since the launch, the pool has had its ups and downs merely things accept been more often than not positive recently.

Satoshi Labs run Slush Puddle. Y’all may also know Satoshi Labs from their work on Trezor, the first Bitcoin hardware wallet and Coinmap, a world map outlining which merchants have Bitcoin. They likewise invented the scoring arrangement, which awards users based on the “hash power” (the processing power) they bring to the mining pool.

Slush Puddle was the very commencement mining puddle, and, over the final decade, its users have mined more than 1 1000000 Bitcoins using its services and software: BraiinsOS and BraiinsOS+.

Braiins OS+

And if that doesn’t sound impressive enough, you lot should also accept this into consideration: in the last half-dozen months, Slush Puddle collected more than 9% of all Bitcoins on the marketplace.

That percentage makes information technology 1 of the 5 biggest Bitcoin mining pools on the Internet.

What Services does Slush Pool Offer?

We’ve covered what the Slush Pool is and explained how it works. Now allow’south have a look at the specific services offered by Slush Pool should you make up one’s mind to join it for your own mining efforts.

1. Fees and Payments

fees

In terms of fees, Slush Pool is very similar to other mining pools on the market place. They offer a standard 2% fee, which y’all share with other miners. There’s a 0.0002 Bitcoin threshold, which means once you achieve this sum, the platform automatically sends the earnings to your account.

The best thing about the payments is Slush Pool’due south famous score-based method of payments, which allows the awards to be distributed adequately among Bitcoin miners.

two. Client Service

customer service

Customer back up is at a high level. Of course, the users can send emails to the network officials if they have any problems. In near cases, a customer support agent volition respond in less than 24 hours.

However, you can likewise talk to customer support agents instantly if you have an emergency problem. The company has a dedicated website, where y’all can kickoff a conversation with customer support if you have questions about your mining setup, user account, or rewards.

iii. Security

security

Security levels are more than satisfactory. Yous accept two-factor authentication and wallet address locking for emergency cases. You become a read-simply token that allows y’all to log into your account, in case someone tries to hack your account or steal your identity.

You lot can also lock your address if someone else is monitoring your business relationship while you’re mining. In addition to that, the company but uses highly-secured servers, which guarantee the safe of your Bitcoin wallets.

Slush Pool Pros and Cons

At present nosotros’re going to requite you a list of both positive and negative aspects of the world’s oldest mining pool.

Yous can just take a look at the positive and negative aspects and make up one’s mind whether you lot should use the pool or not if you lot don’t accept the time to read the unabridged review.

Slush Pool Pros

  • It’south the world’s longest-running bitcoin mining pool
  • The service has had hundreds of thousands of users over the last decade
  • The interface is good-looking and easy to use for users of all cognition levels
  • It offers you score-based mining, which prevents yous from being cheated by others

Slush Pool Cons

  • The transaction fee is non as low every bit it is on other pinnacle websites
  • Once you finish mining on this network, your user-score goes downwardly quickly

Should Y’all Employ Slush Pool or Not?

In conclusion, is Slush Puddle worth your fourth dimension and effort? The short answer is yes, Slush Pool is a good option if you want to first mining. It’south great for outset-time users due to its simplicity. Plus, information technology gives awards to some of its near agile users.

Long-fourth dimension miners will besides be satisfied. The service is always at the top of mining trends. The company officials never stand still, issuing abiding updates that make their service fresh and upwards-to-date at all times.

satoshi labs stats

In other words, you won’t get wrong if you pick Shush Pool as your mining pool. Go on in mind though that while Slush is the oldest puddle, information technology is past no means the biggest or the cheapest, and keeping fees low is crucial for whatever mining operation.

F2Pool was originally launched in 2013 in Beijing. Due to its popularity, it shortly expanded to other continents.

The service is now available in Russian federation, Canada, and the United States, among other countries. Today, with 15% of the marketplace in its control, F2Pool is the largest Bitcoin mining pool on the market.

Within the last year F2Pool has become the biggest mining pool. Simply for reference, Poolin, which was the largest now is effectually 13% of the market place share merely behind F2Pool. And at 5%, Slush Pool, another of the biggest pools, controls just over a third of what F2Pool commands.

F2 pool illustration

In add-on to Bitcoin, F2Pool miners tin can likewise mine for Litecoin, Ethereum, and multiple other cryptocurrencies. All in all, you can mine for more than forty cryptocurrencies in this puddle.

Although the website was originally created only for the Chinese market, the visitor now has an English language version of its website and the interface is extremely easy to use for miners of all feel levels.

What Services does F2Pool Offering?

We’ve familiarized ourselves with the inner-workings of the company and talked near how F2Pool works. Now is the time to talk about some of its main functions and services offered. For almost people, the services offered are what makes or breaks a mining pool.

Fees and Payments

fees

The biggest downside of F2Pool is their fee. Every transaction comes with a 4% fee, which is certainly not small. In fact, this is double what slush charges. However, many miners clearly fee the fees are worth it, given the size of the pool. Numbers don’t prevarication.

For instance, they offering daily payments and every time you reach 0.001 Bitcoin in your wallet, the company sends money to yous automatically. They operate on a PPS system, which means they reward the people who mine the about on their network.

Customer Support

customer service

Having adept support is crucial for both experienced and inexperienced users. You need to talk to a knowledgeable person if you accept any doubts or questions about your account or payments.

Fortunately, anyone who’s had any experience with the F2Pool customer service knows that they are responsive and knowledgeable in their field. They guarantee a response to all inquiries in less than 24 hours. However, you can contact them instantly through their chat if you have a real emergency.

Security

security

F2Pool wouldn’t be so widely-used if they didn’t accept good security. The website has the HTTPS protocol and the service comes with a wallet-lock characteristic, which protects your investment in case your account gets hijacked.

Only keep in mind that the email address you lot used to register tin’t be replaced. The visitor forbids information technology for security reasons to prevent identity theft on their network.

F2Pool Pros and Cons

At present that you lot’re familiar with F2Pool’s history and some of its core features, we’re going to list all of its positive and negative aspects in place.

You can use this list to remind yourself about F2Pool’due south pros and cons without reading the article if you lot start wondering whether you should use the service or non.

F2Pool Pros

  • Nigh a decade of experience for the F2Pool staff members
  • The registration process is intuitive and the verification process is quick
  • The pool allows its users to mine Bitcoin, Litecoin, and ZCash
  • Y’all have regular payouts and the threshold is quite low

F2Pool Cons

  • The 4% fee is college than whatever other pool out in that location
  • Your account may be deactivated if it’southward left inactive for also long

Should You lot Use F2Pool or Non?

When it’south all said and washed, what do nosotros recommend? Should you utilize F2Pool or not? You already know that the reply is aye if you lot read the review advisedly.

Not only is F2Pool one of the oldest mining pools still running, just it’south as well one of the best on the market, 7 years after the initial launch.

f2 features

The but downside to F2Pool is that they accuse high fees relative to other mining pools.

Nonetheless, considering the rewards and services offered, the fee is definitely worth it. Afterward a few months of mining, once y’all start making a healthy profit, y’all probably won’t fifty-fifty pay attention to the fee.

Poolin is a multi-currency mining pool that includes popular and profitable coins, including Bitcoin, Litecoin, Bitcoin Cash, and Zcoin.

It was started by the same founders of BTC.com, which was later acquired past Bitmain. It is a Chinese-based mining pool with many miners from China, but it is open up to everyone effectually the world.

Poolin’south Features

This department will give an overview of some of Poolin’southward features.

Quick Tip

Mining is not the fastest fashion to acquire bitcoins.

Buying bitcoin is the fastest way.

Poolin Smart Agent

Poolin has its own proprietary software that acts equally a proxy between miners and the puddle. It helps reduce network traffic and allows miners to sync their settings, create sub-accounts, and balance the electric load. This feature is available for Bitcoin, Litecoin, and Zcash.

Pushtx

A and so-chosen transaction accelerator designed to mitigate the congestion of unconfirmed transactions via “fee bumping”. It helps the Bitcoin network and provides supplemental income for miners within the puddle.

Offline Keeper

Custom software to turn off the miners in case of a network coma to prevent hardware harm and save electricity. Mining hardware used at full chapters is known to degrade at a more advanced pace, and then this can assistance save your investment.

Miner Box

This is Poolin’s custom miner monitoring software that tin can change settings in batches. This is useful for larger-scale operations.

A Variety of Altcoins

Poolin

While most miners adopt to mine a handful of the height coins, Poolin supports some experimental altcoins. This includes Ravencoin, Dash, and Decred (DCR).

Ethereum Mining

For those wanting to monetize their graphics cards, the puddle also supports Ethereum mining. This requires divide hardware since ASIC miners are designed for Bitcoin and Bitcoin forks.

Merged Mining

As bonus income, mining Bitcoin, BCH, or BSV in merged mining way will event in Vcash, Namecoin, and Dogecoin payouts. This won’t affect normal hash rates of primary Bitcoin mining.

Getblocktemplate Support

This is the new mining protocol for Bitcoin that supports decentralization, fewer limitations while using ASIC hardware, and allows miners to make their ain blocks.

Hashrate Auto-Switch

Since BTC and BCH share the SHA256 same algorithm, it’s easy to switch between each coin when ane is more assisting. This is useful due to the wild swings in toll on crypto exchanges, and is benign if ane overtakes the other.

Payout

They accept a minimum payout of 0.001 Bitcoin, and mining fees and payouts scale between currencies. There is a 0 minimum payment if using a Bixin or Mixin wallet. Upon request, users may make manual withdrawals.

Poolin

Poolin’due south Fees

Bitcoin:
four% FPPS (Full Pay per share)

Bitcoin Cash:
iv% FPPS

Bitcoin SV:
4% PPLNS (Pay per last n shares)

Litecoin:
3% PPS (Pay per share)

Nuance:
2% PPS

Ethereum:
3% PPS

Zcash:
3% PPS

Who Runs Poolin?

Poolin was founded past Kevin Pan, Christopher Zhu, and Tianzhao Li, and is currently nether Beijing Satoshi Smart Co., Ltd. They were the former owners and founders of BTC.com, only the company is now unrelated to Poolin’southward current operations.

Where are Poolin’southward Servers located?

Poolin hosts nodes using cloud servers, so in that location is variance in which server you will connect to. This is contrary to a centralized server approach, which would have poor worldwide latency and security.

For example, the main mining pool server is btc.ss.poolin.com, which resolves to an IP Address of: “47.252.92.116”. This is located in a data center in San Mateo, California and is hosted by Alibaba’s Deject service.

Conclusion

Mining can be very profitable but only if you have the right software, cull the right pool, have the necessary ASIC mining hardware, and can observe a great bargain on power prices. Getting all of these right is extremely difficult and unless you programme on making this your job, you volition probable non be competitive. Pools help make it a little easier to compete since smaller operations tin ‘pool’ together, but its still very difficult if not impossible to make coin on a small upkeep mining operation.

Source: https://buybitcoinworldwide.com/mining/pools/

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