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When looking for mining pools, perhaps the easiest way to find a good one is by checking their hash rates. Higher hash rate means that the pool operates at a faster rate, thus increasing the chances of profit.

Here is a list of the best five Bitcoin Cash mining pools in comparison, based on their hash rate distribution, where you can see their market shares, locations, reward systems, and fees:.

Another important factor to consider is the location of the pool server. If you want to learn more, you can check the guide on How to choose the right mining pool.

I assume the reward systems column also got your attention. As you can see, they are different, and one pool can use several ones.

The ones mentioned in the table are not all there are. Joining a Bitcoin Cash mining pool is quite easy — you just need to sign up and set up an account.

For those of you who are worried about their privacy, there are also pools that do not require official webpage registration and are really easy to join.

Your next step must be connecting to it from a private and secure location — your PC. You basically connect it to the pool. The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.

Antpool : [WARNING] - Bitmain operates Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem because of the AntBleed scandal where they were intentionally including malware within mining equipment they sell.

In a corporate communication , Bitmain claimed this was a feature and not a bug. This malware would enable Bitmain to remotely shut down equipment of customers or competitors thus increasing their own profitability.

Additionally, such behavior could pose a risk to the entire Bitcoin network. Eligius : Eligius was one of the first Bitcoin mining pools and was founded by Luke Dashjr , a Bitcoin Core developer.

Its user interface is in Chinese, making it difficult for English speakers to join. Like F2Pool, its user interface is in Chinese, making it difficult for English speakers to join.

Bitfury : Although seen publically in block explorers and hash rate charts, BitFury is a private mining pool and cannot be joined. This allows even the users with a small amount of hash power to gain something in their wallets.

Any changes which are to be made requires being signed by your bitcoin wallet address, which is also your username. The stats of their pool have their own GitHub.

You can easily join this site, as registration is not required. The site works on zero percent fee and also provides a telephone number as a customer support system.

You are required to hit a threshold value in order to qualify for payouts. The interface is quite disjoint. The site works on stratum mining protocol and VarDiff.

The site was launched in the year and has its own wallets along with mining pool. The site operates on PPS model with an average fee of 1. It takes 2 hours for the site to send payouts to the users.

It completely depends on the Bitcoin network. However, BTC. Cloudflare is implemented by this site to protect against DDoS attack and ensures that the benefits and hash power is not lost.

The site offers a good support system and security. BW Pool is a Chinese Bitcoin mining pool with a user-friendly interface.

Apart from Bitcoin, the site offers to mine Litecoin and Ethereum. The site works on stratum mining protocol and vardiff.

The site also offers transparency by sharing transaction fee with miners. The minimum payout is 0. The site offers to mine different cryptocurrencies long with a simple goof-proof interface.

Apart from mining, it offers many other digital services and works on cloud computing. Bixin is again one of the largest Bitcoin mining pool based in China.

Bixin is also servicing people with its wallet. Bixin comes up with regular updates with its simple interface making it easy for the users to view it.

Being one of the most reliable Bitcoin mining pools on the market, Huobi Pool provides suitable environments for efficient crypto and BTC mining. Binance established its rights on the crypto market in Since then, the Binance ecosystem has been growing rapidly.

Today, Binance is the biggest cryptocurrency exchange in the industry that offers a wide range of crypto products, including a Bitcoin mining pool.

Just like in other crypto sectors, Binance Pool managed to succeed in the field of mining. It currently takes a share of 8.

Mining is not the easiest way to get crypto but definitely the most interesting one. Not ready to spend precious time on mining basics?

Then Changelly might be the right choice for you. Every miner knows that having a trustable Bitcoin wallet as well as reliable bitcoin mining software is essential.

However, we will never tire of repeating the importance of doing your own research or DYOR, for short. If you are reading this article, then you definitely deal with the digital world.

It is vital to remember about security when interacting with both digital and crypto spaces. Do not be confused with mining pools and cloud mining.

Miners in mining pools unite in order to sum their computational resources and discover the next block.

To put it simply, a user pays a mining cloud provider so that the latter can use its resources to mine crypto assets. Meanwhile, a user will get a mining reward.

Exchange, sell, and buy Bitcoin BTC and over crypto assets with ease. Changelly provides different payment methods, including bank cards Visa, Mastercard , bank transfers, and Apple Pay.

Buy crypto at the best rates on the crypto market and pay with your native currency — Changelly accepts over 50 fiat currencies.

Want to purchase crypto instantly and on the go? Try our enhanced Changelly application that is available for both iOS and Android devices.

The number of countries that mine the most Bitcoins directly correlates with the electricity bills. Bitcoin mining just like mining of any other cryptocurrency consumes a lot of electric power.

Therefore, it is no surprise that the vast majority of Bitcoin mining pools are located in China. It is also worth mentioning that China is a center for mining companies that produce mining equipment mining hardware.

With all that in mind, China will be the BTC mining leader for quite a long time. The second largest mining provider is the United States of America.

Despite the fact, the US government regulates the cryptocurrency market, the number of Bitcoin mining pools and companies is quite large. According to Cambridge stats, it takes second place in the Bitcoin mining map.

Sometimes, a miner joins a mining pool without learning all the details closely. For example, different pools charge different transaction fees or offer various payment methods for payouts.

ViaBTC is a somewhat new mining pool that has been around for about one year. Slush is probably one of the best and most popular mining pools despite not being one of the largest.

It mines about 2. Bitfury is a private pool that cannot be joined. Bitfury currently mines about 3. The comparison chart above is just a quick reference.

The location of a pool does not matter all that much. Most of the pools have servers in every country so even if the mining pool is based in China, you could connect to a server in the US, for example.

Before you join a mining pool you will also need Bitcoin mining software and a Bitcoin wallet. 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 have mining hardware to split profits. Many people get mining pools confused with cloud mining.

Cloud mining is where you pay a service provider to mine for you and you get the rewards. As Bitcoin mining is somewhat centralized, mining companies have claimed the vast majority of network hash power.

With many of these companies in the same country, only a number of countries mine and export a significant amount of bitcoins. Georgia is home to BitFury , one of the largest producers of Bitcoin mining hardware and chips.

The rest of the hash power is spread across the rest of the world, often pointed at smaller mining pools like Slush Czech Republic and Eligius US.

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

To make the list of top 10 miners, we looked at blocks found over the past 6 months using data from BlockTrail. The size of mining pools is constantly changing.

We will do our best to keep this posted up-to-date. Bitcoin miners are crucial to Bitcoin and its security. Without miners, Bitcoin would be vulnerable and easy to attack.

However, miners are responsible for the creation of all new bitcoins and a fascinating part of the Bitcoin ecosystem. Mining, once done on the average home computer, is now mostly done in large, specialized warehouses with massive amounts of mining hardware.

When you become a member of a mining pool, there are a number of ways your rewards for contributing hashing power can be calculated.

Essentially, the more hashing power you contribute to the pool, the more shares you are entitled to. The most simple 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 find a block divided by the reward for finding it.

If shares are likely needed to find a block and the reward is 6. Because payment is guaranteed, more of the risk is on the mining pool operator.

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

Pay Per Last N Shares is a more complicated payout that shifts more risk to pool members but also more rewards.

Using these numbers, the pool determines your total share contributions over the round to determine your payout. For example, if the pool mines through 6 blocks before finding a block, Then their reward for all the hashing power the pool contributed to the network over thsy 6 block round is 6.

If you contributed shares for each of those blocks and the total number of shares was , then your payment would be.