Bitcoin Mining Pools
The rising Bitcoin difficulty level over time has necessitated the growth of Bitcoin mining pools. Mining solo has become anything but profitable in today’s situation. Bitcoin mining pools have emerged as the quicker and easier way for individuals to harvest large amounts of Bitcoin in just a short while. These essentially provide a way for Bitcoin miners to pool their resources together and share their hashing power. Rewards are split in proportion to their contribution to solving a block. Let’s take a quick look at 5 of the largest Bitcoin mining pools.
These Are 5 of the Largest Bitcoin Mining Pools
These are: BTC.com (25.9%), AntPool (15.7%), F2Pool (11.1%), ViaBTC (9.5%), and SlushPool (8.9%). These 5 together account for over 70% of aggregate hashrate distribution when it comes to Bitcoin mining.
As of June 27th (8:30 AM UTC), BTC.com mining pool had over 666k miners, had mined about 12,573 blocks, and had found 173066 BTC. At the current rate, these Bitcoins are equivalent to over $1 billion’s worth of the cryptocurrency. The current hashrate for this pool is over 9.7 EH/s. Over 90% of the pool is comprised of China-based miners. The pool is currently leading Bitcoin mining with a 25.9% share of the market.
As of June 27th (8:30 AM UTC), AntPool had 589171 miners and had mined 36,553 total blocks. The current hashrate for this pool is 7.01 EH/s. The pool commands 15.7% of the aggregate market for Bitcoin mining.
F2Pool has mined 41,218 so far. The current hashrate for this pool is 3966.06 PH/s. The pool currently commands the third largest share in aggregate mining Hashrate distribution for Bitcoin, at 11.1%.
Mining Bitcoins at a hashrate of 3.684 EH/s, this pool currently has 316066 active miners. The pool has mined 9170 blocks so far and has found 126483 BTC to date. At the current rate, these Bitcoins are equivalent to over $768 million’s worth of cryptocurrency. The pool currently commands a 9.5% share of the aggregate mining hashrate distribution for Bitcoin.
Operating since December 2010, this Bitcoin mining pool has a hashrate of 4.422 EH/s, with 202959 active miners onboard. The pool currently commands an 8.9% share of the aggregate mining Hashrate distribution for Bitcoin.