Now that you have your Bitcoin mining hardware, your next step is to join the best Bitcoin mining pool.
First let go the basic in case you not clear about what is a mining pool?
Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hashing 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.
DiscusFish, also known as F2Pool, is based in China. DiscusFish has mined about 19.5% of all blocks over the past six months.
Antpool is another Chinese based mining pool, maintained by BitMain. Antpool mines about 18.5% of all blocks.
3. BitFury Pool
BitFury is one of the largest producers of Bitcoin mining hardware and chips. BitFury currently mines about 13% of all bitcoins in three data centers across Georgia. It is a private mining pool and can’t be joined by hobby miners. BitFury is the world’s biggest bitcoin miner.
BTCC is China’s third largest Bitcoin exchange. Its mining pool currently mines about 11.5% of all blocks.
5. BW Pool
BW, established in 2014, is another mining company based in China. It currently mines about 8% of all blocks.
Sweden is home to KnCMiner, a Bitcoin mining manufacturer based in Stockholm. KnCMiner currently mines about 6% of all blocks. KnCMiner is not a pool and mines bitcoins in their own warehouses.
Slush was the first mining pool and currently mines about 5% of all blocks.
8. 21 Inc.
21 Inc. is a Bitcoin mining company based in California. 21 runs a large amount of miners, but also sells low powered bitcoin miners as part of their 21 Bitcoin computer. Most of the hash power from the 21 Bitcoin computers is pointed towards 21’s mining pool. 21 Inc. mines about 4% of all bitcoins.
Eligius was one of the first mining pools created. It currently mines about 3% of all blocks.
GHASH.IO used to be the largest mining pool, with over 50% of the network. However, concerns over a 51% attack caused many miners to transfer their hash power to other pools.