BitcoinOnlinePool is an industry leading Bitcoin mining pool. All of the mining power is backed up by physical miners. Mining with the latest algorithms allows to make as much Bitcoin as possible.

We aim to provide you with the easiest possible way to make money without having to do any of the hard stuff. With data centers around the globe, we aim to keep bills down and mining power high, meaning you can make more in a shorter amount of time than what it would take to mine from your home for instance.

How do I start? Sign up providing your wallet address and start generating Bitcoin. I don't have a Bitcoin wallet.

How can I create one? You can create Bitcoin wallet using online services like Blockchain. I don't have Bitcoin. Where can I get Bitcoin? Segregated Witness When segwit is activated, you will want to be able to mine and relay segwit-style blocks.

The following mining software has been upgraded to support segwit. All the programs linked above that support GBT have been upgraded.

Segwit is already activated and enforced on testnet, so you may find it useful to test your infrastructure upgrade by mining with some small amount of hashrate on testnet.

Alternatively, Bitcoin Core 0. Bitcoin Mining Pools There are many good Bitcoin mining pools to choose from.

Although it's tempting to pick the most popular one, it's better for the health of the network to mine with smaller pools so as to avoid potentially harmful concentration of hashing power.

The following pools are believed to be currently fully validating blocks with Bitcoin Core 0. Antpool : [WARNING] - Bitmain operates Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem because of the AntBleed scandal where they were intentionally including malware within mining equipment they sell.

In a corporate communication , Bitmain claimed this was a feature and not a bug. This malware would enable Bitmain to remotely shut down equipment of customers or competitors thus increasing their own profitability.

And keep in mind, F2Pool could potentially become the biggest pool soon. Just for reference, Poolin , the biggest pool, holds only 0. In addition to Bitcoin, F2Pool miners can also mine for Litecoin, Ethereum, and multiple other cryptocurrencies.

All in all, you can mine for more than 40 cryptocurrencies in this pool. Although the website was originally created just for the Chinese market, the company now has an English language version of its website and the interface is extremely easy to use for miners of all experience levels.

For most people, the services offered are what makes or breaks a mining pool. The biggest downside of F2Pool is their fee. In fact, this is double what slush charges.

However, many miners clearly fee the fees are worth it, given the size of the pool. For instance, they offer daily payments and every time you reach 0.

They operate on a PPS system, which means they reward the people who mine the most on their network. Having good support is crucial for both experienced and inexperienced users.

You need to talk to a knowledgeable person if you have any doubts or questions about your account or payments.

They guarantee a response to all inquiries in less than 24 hours. However, you can contact them instantly through their chat if you have a real emergency.

The website has the HTTPS protocol and the service comes with a wallet-lock feature, which protects your investment in case your account gets hijacked.

The company forbids it for security reasons to prevent identity theft on their network. Should you use F2Pool or not? You already know that the answer is yes if you read the review carefully.

However, considering the rewards and services offered, the fee is definitely worth it. Poolin is a multi-currency mining pool that includes popular and profitable coins, including Bitcoin, Litecoin, Bitcoin Cash, and Zcoin.

It was started by the same founders of BTC. It is a Chinese-based mining pool with many miners from China, but it is open to everyone around the world.

Poolin has its own proprietary software that acts as a proxy between miners and the pool. It helps reduce network traffic and allows miners to sync their settings, create sub-accounts, and balance the electrical load.

This feature is available for Bitcoin, Litecoin, and Zcash. It helps the Bitcoin network and provides supplemental income for miners within the pool.

Custom software to turn off the miners in case of a network blackout to prevent hardware damage and save electricity. Mining hardware used at full capacity is known to degrade at a more advanced pace, so this can help save your investment.

This is useful for larger-scale operations. While most miners prefer to mine a handful of the top coins, Poolin supports some experimental altcoins.

For those wanting to monetize their graphics cards, the pool also supports Ethereum mining. This is the new mining protocol for Bitcoin that supports decentralization, fewer limitations while using ASIC hardware, and allows miners to make their own blocks.

This is useful due to the wild swings in price on crypto exchanges, and is beneficial if one overtakes the other. They have a minimum payout of 0.

There is a 0 minimum payment if using a Bixin or Mixin wallet. Upon request, users may make manual withdrawals. They were the former owners and founders of BTC.

Poolin hosts nodes using cloud servers, so there is variance in which server you will connect to. This is contrary to a centralized server approach, which would have poor worldwide latency and security.

For example, the main mining pool server is btc. Investments are subject to market risk, including the loss of principal. Mining can be very profitable but only if you have the right software, choose the right pool, have the necessary ASIC mining hardware, and can find a great deal on power prices.

Getting all of these right is extremily difficult and unless you plan on making this your job, you will likely not be competitive. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity.

Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices.

Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing.

Also, people rumored that some power companies in China direct their excess energy to Bitcoin mining farms to minimize their energy waste.

This is a possible scenario, leading to major issues for the integrity of the blockchain. This would allow malicious attackers to change block transactions, double spend or even change consensus rules.

Here is a Bitcoin mining pools comparison of the best ones at the time of writing this article, where you can see their key parameters:. Another interesting thing is that all of them are Chinese based.

With the increasing difficulty and lowering performance of mining devices, the need for pooled mining led to the creation of the Bitcoin mining pools.

In November the first Bitcoin pool known as Slushpool was announced. It was unique with its score-based reward system where older shares have a lower weight than recent shares, which reduces the cheating possibility for pool hoppers who are switching between pools within a round.

To avoid centralization, other mining pools also started to operate over time with different reward systems, trying to fairly distribute the shares and rewards to miners.

In the future, pool mining will still exist in some form and it will be a good option for small to average miners to earn rewards instead of waiting too long to solve a block.

Alexander May. With consistent industry knowledge and a proven track record in implementing strategic mining pool diversification strategies, Alexander is a passionate supporter of cryptocurrency mining.

He stands behind the idea of building decentralized economies to alleviate global inequality. Bitcoin Mining Pools Reviews.