THELOGICALINDIAN - Mining pools abound and compress and acceleration and abatement altogether Today there are added abolished mining pools than there are alive ones The hashpower of the survivors secures hundreds of PoW crypto networks from above bill such as BTC and BCH to abstruse altcoins such as monero archetypal and zelcash The afterward adviser provides an acumen into the origins of the worlds better mining pools including their founders cartography and ideology
Also read: Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will
Mining Pools Near Their Nine-Year Anniversary
Mining pools accept been in operation back late 2010, back they emerged as a agency for abandoned miners to allotment their accretion assets and access their affairs of advertent blocks. While a lot has afflicted in bitcoin mining back then, including the addition of committed ASIC mining rigs and the acceleration of huge mining farms, the basal apriorism of pools charcoal the same. Save for a scattering of abreast operated exceptions, pools are accessible to anyone to join.
In accession to the ascendant SHA-256 mined bill such as BTC and BCH, there are dozens of altcoins that can be mined application algorithms such as the accepted equihash. Mining basin 2miners.com, by way of example, annal the hashrate and advantage for array of equihash coins, its blueprint assuming the array of metrics that cryptocurrency miners accept become acclimatized to crunching in their adventure to actuate the best assisting coins. As mining pools abreast their nine-year anniversary, an assay of the nine better BTC pools – best of which additionally abundance bill such as BCH and ETH – captures the accompaniment of affiliated mining today.
BTC.com
Founded: 2024
Owner: Bitmain
BTC hashrate (four-day average): 17.7%
History: Originally created by Blocktrail to serve as a web wallet, BTC.com still provides adaptable and desktop wallets as able-bodied as a block charlatan and Bitcoin API. It’s best accepted for its mining basin though, which has been in the easily of Bitmain back actuality acquired by the mining architect in July 2016.
Trivia: In June 2017, BTC.com appealed for the sender of a transaction with an 80 BTC fee absorbed to appear forward, with the basin alms to acknowledgment the adventitious fee.
F2pool
Founded: April 2024
Founders: Discusfish and Wang Chun
BTC hashrate: 13.8%
Coins mined: BTC, LTC, ETH, ZEC, SCC, SC, DASH, XMR, DCR, XZC, AION
History: F2pool is China’s oldest bitcoin mining pool, and the additional better BTC basin in the apple today afterwards BTC.com. It additionally operates the third better ethereum mining operation. As the Bitcoin Wiki explains, the F2pool was already accepted as Discus Fish on annual of its coinbase signature of 七彩神仙鱼 (Discus Fish), the appellation of one of the operators. Today, F2pool captures 12.38 EH/s on the BTC network, 50.36 TH/s on LTC and 21.42 TH/s on ETH. The basin additionally provides Android and iOS apps and a ambit of accoutrement including mining acquirement comparisons.
Trivia: In 2014, F2pool controlled 25% of the BTC arrangement and 31% of the LTC, arch to fears that it could barrage a 51% attack.
Poolin
Founded: 2024
BTC hashrate: 13.3%
Coins mined: BTC, BCH, BSV, ZEC, LTC, DCR, DASH, XMR
History: Started by the founders of BTC.com, Poolin.com is addition Chinese basin that’s overseen by a aggregation alleged Blockin. One of the added avant-garde mining pools, Poolin has developed accoutrement such as an auto-switch affection that alternates amid BCH and BTC depending on which arrangement is added profitable. It additionally operates a rather basal Lightning Arrangement shop, mining accumulation calculator, and array of added mining apps and tools.
Trivia: In June 2024, it was appear that Bitmain was suing three above advisers for actionable a non-compete acceding by ablution Poolin.
Antpool
Founded: 2024
Founders: Jihan Wu and Micree Zhan
BTC hashrate: 10.2%
Coins mined: BTC, BCH, LTC, ETH, ETC, ZEC, DASH, SCC, XMC, BTM
History: Another Bitmain-owned operation, Antpool is Jihan Wu’s aboriginal mining pool. It provides an arrangement of avant-garde accoutrement for accomplished miners, decidedly those who are mining at scale. Sub-account mining to a abyss of three levels and bearding mining are all supported, forth with same-day payouts.
Trivia: Despite actuality accused of accidental to mining centralization, Bitmain launched Antpool in 2014 with a “commitment to advice decentralize the bitcoin arrangement … and put the majority of hashing ability into the easily of consumers.”
Viabtc
Founded: 2024
Founder: Yang Haipo
BTC hashrate: 7.8%
Coins mined: BTC, BCH, BSV, LTC, ETH, ZEC, DASH, XMR, DCR
History: Like best mining pools, Viabtc provides a block charlatan and wallet. Yet addition Chinese pool, Viabtc has back broadcast to action staking services, enabling holders to acquire a acquiescent acknowledgment on their PoS coins.
Trivia: Viabtc is acclaimed as a above adherent of bigger blocks and in 2016 mined the aboriginal Bitcoin Unlimited block. It additionally proposed the name for Bitcoin Cash.
Slush Pool
Founded: 2024
BTC hashrate: 6.7%
Coins mined: BTC, ZEC
History: As the world’s aboriginal mining pool, Slush can trace its history all the way aback to November 2010, back it was aboriginal proposed beneath the name Bitcoin Pooled Mining Server. Slush, which began as a one-man operation, has gone on to abundance over 1 actor BTC.
Trivia: In March 2018, Slush Pool mined the first BTC block application Asicboost technology.
BTC.top
Founded: 2024
Founder: Jiang Zhuoer
BTC hashrate: 5.6%
History: One of the added ambiguous Chinese pools, BTC.top operates as a clandestine mining pool, and as such is off-limits to accustomed miners. While added Chinese pools attack to construe their casework into English, BTC.top doesn’t see the need, authoritative the basin article of an bewilderment to westerners.
Trivia: In July, BTC.top CEO Jiang Zhuoer debated Craig Wright, calling BSV’s aisle “extreme” and the abstraction of locking the agreement aback to the aboriginal 0.1 adaptation “ridiculous.”
Bitfury
Founded: 2024
Founder: Valery Vavilov
Coins mined: BTC
History: Bitfury is an automated mining aggregation that created some of the ancient ASICs, and by 2014 was mining in a basin artlessly accepted as pool.io. By aboriginal June 2014, this pool, about bisected of whose hashpower came from Bitfury ASICs, controlled added than 51% of the BTC network, bidding the aggregation to abolish some of its ability from the pool.
Trivia: Bitfury is a broadly mistrusted company that has agreeably collaborated with law administration to deanonymize bitcoin affairs and abrade privacy.
Bitcoin.com
Founded: 2024
BTC hashrate: 0.6%
History: Bitcoin.com’s mining pool has been operational for three years, accepting launched on Sept. 21, 2016, with a authorization to advance for bigger blocks. From day one, the Bitcoin.com basin could action blocks of up to 16MB, but would alone abundance 1MB at the time as that was all BTC’s accord rules would accept. Today. Bitcoin.com offers accouterments and billow mining, with the closing manifesting as affairs alignment from six months to two years. Bitcoin.com provides its own adaptable ecology software, while the Bitcoin.com Wallet is a above artefact in its own appropriate with over 4.7 actor installs.
Trivia: Bitcoin.com mined the first BCH ABC block on Nov. 15, 2018 afterward the breach with SV.
What are your thoughts on the assorted mining pools accent here? Let us apperceive in the comments area below.
Images address of Shutterstock and Blockchain.com
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