Bitcoin has maintained the number one rank in the cryptocurrency marketplace and will continue to do so per the data and reports. In terms of payment method, bitcoin tops the table as merchants are only ready to accept bitcoin at the instance. Visit Bitcoin Code to get a detailed guide to the bitcoin trading mechanism.
Besides payment method, bitcoin ranks at the number one spot in mining volume, trading volume, and market cap. With the advent of 2022, mining pools are catching pace in terms of popularity. However, there are many mining pools that miners are confused about choosing one out of these mining pools. Here is a list of top-notch bitcoin mining pools based upon the user base and hash rate.
When it comes to the leading bitcoin mining pool in terms of hash rate, Antpool tops the table. The parent company of this mining pool owns another bitcoin mining pool named BTC.Com. Bitmain is famous as a bitcoin giant as it owns two of the biggest bitcoin mining pool, and it is one of the leading producers of the most powerful bitcoin mining hardware. In 2021, Antpool generated a hash rate of 18% on the bitcoin blockchain. In addition, Antpool renders a live dashboard to the miner if you become a member of this mining pool.
The current hash rate holding of this mining pool is 3600 petahash. In short, Antpool is currently the largest bitcoin mining pool if compared with other bitcoin mining pools in terms of hash rate. Ant pool’s compatibility is not merely limited to the application-specific integrated circuits. For example, a cryptocurrency miner with a graphic processing unit can also become a member of this mining pool. Antpool does not charge any money from the user if they want to become a pool member.
As discussed above, when it comes to the bitcoin mining pool, Bitmain, the biggest ASIC manufacturer, has two subsidiaries. First is Antpool, and the second is BTC.Com. BTC.com is just behind Antpool regarding the hash rate production. BTC.com accounted for 16.5% of blocks on the blockchain of bitcoin. However, this does not mean that miners can merely mine bitcoin on this mining pool.
These mining pools have the highest hit rate of blocks because of their parent company. Since Bitmain is an ASIC manufacturer, the mining pool utilizes the best mining hardware for block generation. Due to a higher hash rate, the prospects of getting incentives as a miner on these mining pools are very high. You might know that each bitcoin mining pool is structured on an innovative rewarding mechanism, and BTC.Com is structured upon the full pay per share rewarding mechanism. The current standing of this mining pool in terms of hash rate is 5.99 Exahash.
In terms of hash rate, BTC.top arrives at the third spot as this mining pool’s current holding in terms of hash rate is 3100 Petahash per second. BTC. Top accounted for the creation of 12 blocks on the blockchain of bitcoin. BTC. Top correspondingly supports another hashing algorithm as well. Some prominent hashing algorithms supported by this mining pool are scrypt, Ethash, and securing hashing algorithm 256. BTC. The top does not merely allow you to mint digital currencies like ethereum and litecoin, but you can correspondingly mine popular bitcoin hard forks.
Via BTC is a famous bitcoin mining pool contributing a block generation of almost 11% on the bitcoin blockchain? Similar to BTC. At the top, you can mine multiple cryptocurrencies on this bitcoin mining pool. This mining pool allows you to mint litecoin, Dogecoin, and bitcoin. The current standing of this mining pool in terms of hash rate is three exahash per second.
When it comes to the most conventional bitcoin mining pool, slush always tops the table. Slush is currently ranked fifth in the best bitcoin mining pools based upon hash rate and user base. The current standing of the Slush mining pool is nearly 2.5 exahash per second. In addition, slush accounted for 9% of the blockchain blocks.
The above-listed portion describes the best bitcoin mining pool of all time.