#Best bitcoin mining software 2015 free#

Still China is home to many of the top Bitcoin mining pool companies: It was even rumored that some Chinese power companies pointed their excess energy towards Bitcoin mining facilities so that no energy goes to waste.ДЄll of this has changed since the Chinese government has banned crypto mining within the country. Until recently even the mining hardware was located in China because the electricity in China is very cheap.

ChinaД¬hinaвЂ™s mining pools mine the most bitcoins even though the actual mining hardware may be located in a different country. With many of these companies in the same country, only a small number of countries mine and export a significant amount of bitcoins. Which Countries Mine the most Bitcoins?Д«itcoin mining tends to gravitate towards countries with cheap electricity.ДЄs Bitcoin mining is somewhat centralized, 10-15 mining companies have claimed the vast majority of network hash power.

#Best bitcoin mining software 2015 free#

Get $10 worth of free bitcoins when you buy $100 or more at Coinbase. If you just want bitcoins, mining is NOT the best way to obtain coins.Д«uying bitcoins is the EASIEST and FASTEST way to purchase bitcoins. Cloud mining is where you pay a service provider to mine for you and you get the rewards. Many people get mining pools confused with cloud mining. This is not true! Mining pools are for people who have mining hardware to split profits. Many people read about mining pools and think it is just a group that pays out free bitcoins. You will also very likely need an ASIC miner, since GPU mining will likely never be profitable again going forward. Get a Bitcoin Wallet and Mining SoftwareД«efore you join a mining pool you will also need Bitcoin mining software and a Bitcoin wallet. Actual prices may vary depending on seller. * averages prices from various online sources. The more powerful your hardware isвЂ“and the more energy efficientвЂ“the more profitable it will be to mine bitcoins. Mining hardware is specialized computers, created solely for the purpose of mining bitcoins. Most of the pools have servers in every country so even if the mining pool is based in China, you could connect to a server in the US, for example. The location of a pool does not matter all that much. The comparison chart above is just a quick reference. This is a Japanese pool that currently mines about 2% of the blocks. Slush is probably one of the best and most popular mining pools despite not being one of the largest. Slush Pool was the first mining pool and currently mines a little over 5% of all blocks. They account for 14% of all hashing power. Foundry USAДЇoundry USA is (you guessed it) a US based pool owned by German blockchain company Foundry Digital. Huobi.pool is a Chinese based mining pool accounting almost 1% of all mining. We strongly recommend joining Slush Pool or Poolin instead. BTC.comД«TC.com is a public mining pool that can be joined and mines about 7.5% of all blocks. Binance PoolД«inance Pool is a fast growing pool owned and operated by Malta-based exchange Binance.Д«inance is already one of the largest crypto exchanges on Earth and they are moving aggressively to expand their reach in mining as well.Д«inance mines about 10% of all blocks 6. They are based in China, but have a website fully available in English. Poolin is a public pool which mines about 8% of all blocks. ItвЂ™s targeted towards Chinese miners and mines about 12% of all blocks. ViaBTC is a somewhat new mining pool that has been around for about one year. AntpoolДЄntpool is a mining pool based in China and owned by BitMain. We strongly recommend new miners to join Poolin or Slush Pool.

The list below details the biggest Bitcoin mining pools: Our guide on the best bitcoin wallets will help you get a wallet.

This is because all Bitcoin mining pools will ask you for a Bitcoin address that will be used to send your mining rewards and payouts. Broken down by the percent of hash power controlled by a pool, and the location of that poolвЂ™s company, we estimate that Chinese pools control ~65% of the network hash rate: Mining centralization in China is one of BitcoinвЂ™s biggest issues at the moment. Many only have Chinese websites and support. Pool Concentration in ChinaД«efore we get into the best mining pools to join, itвЂ™s important to note that most mining pools are in China. Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.ДЇinding a good mining pool is important because its going to save you money. 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 poolвЂ™s owner. Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. Now that you have Bitcoin mining hardware, your next step is to join a Bitcoin mining pool or buy bitcoin. Jordan Tuwiner Last updated February 11, 2022