Although, since 2009, many cryptocurrencies have emerged, bitcoin remains the most popular one. There are many factors explaining why bitcoin remains number one, but that is not why we are going to talk about it. Trading bitcoin has been profitable, whether it is done manually or by using a trading bot such as the Bitcoin Bank UK.
To create bitcoin there is a decentralized process called mining. Bitcoin miners pool their resources together and share their hashing power through bitcoin mining pools. They do this while splitting the reward equally according to the number of shares they contributed to solving a block.
What are the top 3 bitcoin mining pools?
1. AntPool
AntPool is a private company based in Beijing, China, that was set up to design ASIC chips capable of bitcoin mining. Bitmain Technologies Ltd owns the company. AntPool is known for discovering the maximum number of bitcoin blocks from all its competitors, and the current hashrate stands around 3600 Petahash/Second.
2. Slush Pool
You probably have heard of “Bitcoin Pooled Mining Server.” This is the name Slush Pool had used when publicly announced in 2010. Except for Bitcoin (BTC), with Slush Pool, you can also mine Zcash (ZEC). What characterizes Slush Pool is the high availability as its servers are distributed all over the world, and their fail-over system makes sure you are working and running 99% of the time.
3. BTC.com
BTC.com operates one of the largest bitcoin mining pools that exist out there. It was launched in 2016, and Bitmain Technologies Ltd owns it, the same firm that owns AntPool. The pool calculates and maintains a standard transaction fee to the regular block rewards. The hash rate that BTC.com currently maintains is 5.88 Exahash per second (EH/s).
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Interesting related article: “What is Cryptocurrency Mining?”