Browse through the list of mining pools

What is a mining pool?

A mining pool is a group of miners who combine their computing power and split the mined bitcoin between participants. A disproportionately large number of blocks are mined by pools rather than by individual miners. In the early days of bitcoin, it was possible to mine with your computer CPU or high speed video processor card. Today that's no longer possible. Custom Bitcoin ASIC chips offer performance up to 100x the capability of older systems have come to dominate the Bitcoin mining industry.

How do mining pools work?

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 average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool's owner. Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.

How to choose a mining pool?

When choosing a mining pool to join, you should consider the size of the pool, the pool's fee, the pool's reputation, the pool's hash rate, the pool's interface, and the pool's security. The size of the pool is important because the larger the pool, the more frequent the payouts will be. However, the larger the pool, the more people there are to split the block reward. The pool's fee is also important because the lower the fee, the more profit you will make. The pool's reputation is important because the more reputable the pool, the more secure your earnings will be. The pool's hash rate is important because the higher the hash rate, the more likely you are to solve a block. The pool's interface is important because the easier it is to use, the more likely you are to stick with it. The pool's security is important because the more secure the pool, the less likely you are to be hacked.

How to start mining?

To start mining, you will need to download mining software. There are many different mining software options available, so you will need to choose the one that is right for you. Once you have downloaded the mining software, you will need to configure it to connect to the mining pool of your choice. Once you have configured the mining software, you can start mining. You will need to have a mining rig in order to mine. A mining rig is a computer that is specifically designed for mining. You will also need to have a mining pool account in order to mine. A mining pool account is an account that you create with a mining pool in order to mine. Once you have a mining rig and a mining pool account, you can start mining.