An introduction to the three biggest bitcoin (BTC) mining pools

An introduction to the three biggest bitcoin (BTC) mining pools

“By working together with other bitcoin miners by joining a mining pool, you will increase your chances of earning some rewards for your efforts and spent resources. In other words, you will be able to stand a chance against the big players in the mining world. Joining forces is therefore not a bad idea at all!” was what you could read in our previous blog post about mining pools. In this blog post we would like to introduce the three world’s biggest mining pools of this moment, starting with BTC.com.

BTC.com

BTC.com is the biggest mining pool of this moment, and has been the go-to pool for a long time. It was founded in 2015 by Blocktrail and was originally created as a web cryptocurrency wallet, a service BTC.com still offers. Aside of the wallet, BTC.com also offers a block explorer with which you can browse through the Bitcoin blockchain. The mining pool eventually was acquired by the big Chinese mining manufacturer Bitmain in 2016. 

The mining pool mines bitcoin (BTC), bitcoin cash (BCH) and ethereum (ETH). BTC.com produces a hashrate of 13.745 PH/s on the Bitcoin network. In the past month, BTC.com managed to mine 829 blocks, which makes it the top mining pool for September 2019, just like it was in the month of August. This means the pool mined 17,7% of the total mined blocks last month. Last year, in April 2018, BTC.com set its all-time high of 1.262 blocks mined in a month. 

F2Pool

Next up is F2Pool, the second largest mining pool of this moment. F2Pool is a couple of years older than BTC.com as it was founded in 2013 by Discusfish and Wang Chun. Also, this mining pool is of Chinese origin and offers aside of the mining pool several tools such as an iOS and Android application and a mining revenue comparison tool. 

Miners that are a part of F2Pool can mine bitcoin (BTC), litecoin (LTC), ethereum (ETH), Zcash (ZEC), dash (DASH), monero (XMR) and several other smaller altcoins. In other words, there are many options to choose from! Looking at the statistics we see that F2Pool mined 665 blocks on the Bitcoin blockchain, or 14,9% of the total. The pool produces a hashrate of 16.260 PH/s, slightly higher than that of BTC.com. Its all-time high when it comes to amount of blocks mined in a month is 1.203 blocks, a record which it set in May of 2016.

Poolin

Lastly we will take a look at Poolin, a relatively young mining pool that was founded in 2017. In its short life it managed to climb to the third spot and has been there for quite a long time. It was founded by the founders of BTC.com, which means also Poolin is Chinese. As the founders were former employees of BTC.com, it’s not surprising to see that the owner of BTC.com, Bitmain, is suing the three former BTC.com employees. According to the company the employees violated a so-called non-compete agreement. Nevertheless, Poolin has become a big player. One interesting feature of the pool is that it has an auto-switch feature, which decides if bitcoin or bitcoin cash is mined depending on which one is most profitable at that moment.

Aside from those two, Poolin mines bitcoin SV (BSV), Zcash (ZEC), monero (XMR), dash (DASH) and several smaller altcoins. Last month the pool mined a new all-time high of 597 blocks making it the third biggest mining pool. Poolin generates a hashrate of 13.547 PH/s as of the time of writing.