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Top 20 Bitcoin Mining Pools 2019

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If you are a single Bitcoin miner, it can get quite difficult for you. But, what if you become a part of the Bitcoin mining pool?

Before we give you a look into the top 20 Bitcoin Mining Pools in 2019, let us first understand what a Bitcoin Mining Pool is.

It can be undoubtedly said that if you are a single Bitcoin miner, it can get quite difficult for you. But, what if you become a part of the Bitcoin mining pool? Through mining pools, you cooperate and concede to proportionate the block rewards depending upon the subsidized mining hash capabilities.

These mining pools can seem alluring to a typical miner as they easily unwind the rewards obtained and make them highly sure. However, they usually downsize the overall power to the owner of the global mining pool. Irrespective of all these, the miners can choose anytime to divert their hashing capability to another mining pool.

It should be kept in mind that in a mining pool, the more hashing capabilities a miner has the more probability of inclusion of a particular block and thus the amount of reward to be claimed. In determining a specific mining pool to join, the pool size, associated fees, the trustworthiness and safety, and the payout methods should be regarded primarily.

Let us have a look at the Top 20 Bitcoin Mining Pools of 2019:

 

BTC.com

 

BTC.com is an outstanding public mining pool. It is associated with the payout method of pay-per-share. Presently, it has a constant hashrate of nearly 5.88 Exahash/second. It mines about 15% of all the blocks.

https://btc.com/

 

 

Slush

 

Slush is one of the Bitcoin mining pools known to be the first one ever to be operating. It is a very famous mining pool irrespective of it not being that large. It is also the best one to be a part of and presently mines nearly 11% of the total blocks.

https://slushpool.com/home/

 

 

ViaBTC

 

ViaBTC is a new mining pool that has been functional for nearly one year now. It is best suited for the Chinese miners and is involved in mining almost 9% of all the available blocks.

https://www.viabtc.com/

 

 

Antpool

 

Based out of China, the Antpool is a famous mining pool that has its owner as Bitmain. It is known to be an excellent Bitcoin mining pool that is free of cost. It is engaged in mining nearly 25% of all the blocks.

https://www.antpool.com/

 

 

BTC.top

 

BTC.top is more of a private mining pool and thus has no scope available for joining it. The hashrate of the BTC.top mining pool is nearly 3100 Petahash per second. It has been successful in mining 7% of all the mining blocks.

https://pool.btc.com/

  

 

F2pool

 

F2Pool is a mining pool that is based out of China. This pool has been successful in mining nearly 10% of all the available blocks throughout the last six months.

https://www.f2pool.com/

 

 

BitFury

 

BitFury is another private mining pool that can be joined by the interested Bitcoin miners. BitFury is presently involved in mining nearly 3.5% of all the blocks.

https://bitfury.com/

 

 

DPOOL

 

DPOOL is another mining pool that is based out of China. Currently, DPOOL mines nearly 4% of all the available blocks.

https://www.dpool.top/

 

 

Ravencoin

 

Ravencoin is a popular Bitcoin mining pool that incorporates the X16R algorithm. This X16 algorithm is a mixture of 16 separate algorithms which are ordered according to the hash of the earlier blocks.

http://ravencoin.org/

 

 

Bitclub.Network

 

Although Bitclub.Network is one of the best and largest mining pools in the present mining market; there is something fishy about this mining pool. It is essential that you do proper research and engage in a mining pool.

http://www.bitclub.network/

 

 

Bixin

 

Bixin is a mining pool that is based out of China. Although it is a public mining pool accessible to various miners, yet it is entirely in Chinese.

https://bixin.com/

 

 

BW Pool

 

BW Pool is a Bitcoin mining pool that is based out of China. It is involved in mining 5% of all the available blocks.

https://www.bw.com/

 

 

BTCC

 

BTCC is a Bitcoin mining pool that is based out of China and is the third biggest one. This mining pool generates nearly 7% of all the blocks.

https://www.btcc.com/

 

 

Eligius

 

Eligius is a Bitcoin mining pool that is based out of the U.S and is the first one to be there. No need of doing any registration in this pool. It is quite small in size and has less than one percent of the overall network hashrate.

https://btc.com/stats/pool/Eligius

 

 

Kano CKPool

 

Kano CKPool is also known as KanoPool and offers you PPLNS payment mode at a fee of 0.9%. Although it doesn’t have so many features, it includes a two-layer authentication process for additional security.

https://btc.com/stats/pool/KanoPool

 

 

Grin Coin

 

Grin Coin has emerged to be one of the popular Bitcoin mining pools. It focuses on your privacy and is something profitable to be indulged with.

https://grin-tech.org/

 

 

Electroneum (ETN)

 

ETN is a Bitcoin mining pool that is created with a series of its blocks. It focuses on mobile games and various online markets for gambling.

https://electroneum.com/

 

 

ZENCash

 

ZENCash is a popular Bitcoin mining pool that that helps you to make use of your mined coins to produce nearly 25% ROI in the current era.

https://coinmarketcap.com/currencies/zencash/

 

 

Monero

 

Monero is the most developed privacy supportive Bitcoin mining pool. It makes use of a hashing algorithm called CryptoNight. It has a user-friendly approach, primarily when used in PCs.

https://www.getmonero.org/

 

 

Dogecoin

 

Dogecoin is another such mining pool that makes use of a hashing algorithm known as Scrypt. You can perform mining in your PC or by improving your hashing power.

https://dogecoin.com/

 

This is our list of the best 20 Bitcoin mining pools. There might be some other Bitcoin mining pools that you might be interested in. Do let us know if you have some. Ultimately, if you are willing to become a Bitcoin miner, it is suggested that you become a part of a Bitcoin mining pool. Being a part of a pool or a team, Bitcoin mining is quite rewarding.

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Donald Trump policies push Mexico to Bitcoin

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Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse.

Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse that remittance payments of Mexican migrants in the United States of America will potentially be the target of new restrictions essentially ending the possibility of Mexican migrant workers to be able to cheaply send money back home to their families.

 

Mexico adopting Bitcoin:

Mexico has been experiencing a massive increase in the number of transactions on localbitcoins. Mexican migrant workers are believed to be exploited by the remittance companies which are charging around 10% fees. What is essentially being discussed here by the Trump Whitehouse is a new tax on these migrant workers. The number that they are currently floating around is a 3% tax on the remittances going from the USA to Mexico. This may not seem super crazy but considering the $33.4 billion which were sent to Mexico in 2018 alone, that extra 3% could mean $1 billion more per year for the United States government.

 

98% of the transactions that were sent during the last year, were sent via electronic means which means that there is actually a very strong remittance route that is ready for mass disruption going from the United States to Mexico and Bitcoin could be the perfect answer. However, the average size of a remittance payment from the United States to Mexico is $322 last year and the problem is that if the fees rise again exponentially on bitcoin, then bitcoin might not be the ideal cryptocurrency for these kinds of smaller remittance payments. Maybe we are going to see some other cryptocurrency being adopted in that situation. But regardless of which cryptocurrency is used, we can see that there is a clear need for disruption as government policies again seeks to impede or overly exploit the free float of money.

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Bitcoin Crashes Downwards: Is BTC Going to Fall Back to $4000?

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Bitcoin fell down to test the $5000 support level. If the current support around $5000 is broken, BTC might really crash to $4500 and $4200 support levels.

Bitcoin fell down to test the $5000 support level which is the most crucial level for BTC currently. The downward correction started after bitcoin tested the $5500 resistance level yesterday at around 18:00 UTC.

 

The resistance around $5500 proved very strong and pushed the price downwards sharply. The sharp declining pattern attracted a lot of sellers which even pushed the price below $5200 support level and BTC tested the $5000 support reaching up to $5018.

BTCUSD Price Chart- Coinbase

BTCUSD Price Chart- Coinbase

Bitcoin is currently trading around $5070 (at the time of publication) showcasing a bearish pattern.

 

Bitcoin Price Drop:

The sudden price drop has led to people speculating that BTC might soon crash back to the $4000 range. Earlier, analysts were also predicting the sudden rise of bitcoin to be a conspiracy. Also, Bloomberg had also called the sudden rise a Blip. If BTC had successfully crossed over the $5500 range, the next major resistance was around $5800, however, BTC fell sharply losing more than $400 in value over the last 24 hours.

 

The bearish move does not clearly indicate a crash towards $4500 and $4000 range, however, if the current major support around $5000 is broken, BTC might really crash to $4500 and $4200 support levels. With the price of bitcoin falling, other major altcoins are also in the red zone today with Ethereum falling more than 8% in the last 24 hours, XRP falling more than 6% and Litecoin falling around 12% in the last 24 hours.

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China to completely ban crypto mining: Bitcoin about to Crash Hard?

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As reported by Bloomberg, China is moving towards putting a complete ban on mining bitcoin and other crypto as it causes serious wasatage of resources.

As reported by Bloomberg, China is moving towards putting a complete ban on mining cryptocurrencies such as bitcoin. In accordance to a document posted by the National Department and Reform Commission of China, the mining of cryptocurrencies should be completely banned as it causes serious wasatage of resources.

 

China is known to be the largest hub of cryptocurrency mining with huge mining rigs been set up in the country. Earlier, China has also banned small investors to invest in security token offerings or STOs and only large investors with more than $1 million funds are allowed to invest in such projects. Now, the country is planning to take strict action against cryptocurrency miners in the country.

 

Cryptocurrency miners were earlier attracted to China due to their cheap electricity rates and subsidies in the country, however, due to the strict actions being taken by the government with the guidelines of the NDRC which has disincentivized cryptocurrency mining, a lot of miners have shut down their operations or moved to other nations.

 

Largest Mining Pools in China:

China has been a hub for some of the largest cryptocurrency mining polls. Even though the mining pools have been shifting to other countries, there has been some effect of the ban on the market for bitcoin and other cryptocurrencies as the mining is a major part of the overall working of cryptocurrencies.

 

How do you think the complete ban on cryptocurrency mining in China will effect the bitcoin price? Tell us in the comments section below.

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