The comparison
of mining pool in the world
As of 19th August, 2023, the following pie chart shows the contribution (in %) of different pools to the Bitcoin network. And the following section will describe the pools, on the chronological order of their pool size – largest to smallest). As of 18th August, 2023, the total hash rate of the bitcoin network is 362.01 million TH/s or 362.01 EH/s.
1. Foundry USA (31.2%)
Foundry Pool was launched in August, 2020 by Foundry, a subsidiary of Digital Currency Group (DCG) established by Barry Silbert in 2015, and is known for its high hash rate and low fees. The pool aims to decentralize Bitcoins’ hashrate and increase North America’s share in the mining ecosystem. Foundry operates on the Full Pay Per Share (FPPS) payout method, where miners receive a fixed payout for each valid share submitted, regardless of whether the pool finds a block or not. The minimum threshold for BTC is 0.001 BTC i.e., payout will be initiated once a miner has accumulated a balance of at least 0.001 BTC. Foundry provides miners a stable and predictable payout for their mining efforts, regardless of pools’ success as miners receive consistent rewards based on the number of valid shares they contribute.
Foundry contributes around 112.95 EH/s of the total 362.01 EH/s.
2. Antpool (22.9%)
Antpool, established in 2014 by ASIC manufacturing company Bitmain, is one of the worlds’ largest and most popular Bitcoin mining pools. Jihan Wu is the co-founder of Antpool, who established Bitmain in 2013 to develop and sell the world’s leading bitcoin miners using Bitmain’s ASIC chip technology.
Antpool has a high hash rate and efficient mining infrastructure, which makes it a top choice for miners who want to maximize their earnings.
Antpool uses two main payout methods viz., FPPS and PPLNS. The first payout scheme is very similar to the one provided by Foundry USA. To read about different payment schemes, visit my last post (https://immtalimm.blogspot.com/2023/07/mining-payoutsplans.html ). PPLNS pays out based on the number of shares contributed by the miner over a specific period ‘window’, usually the last N shares. Payouts are only distributed when the pool finds a block, and the rewards are distributed proportionately among the miners who contributed to the pool’s mining effort during that period i.e., PPLNS considers the amount of work contributed by each miner over a certain period.
Antpool charges flat fee of 2.5% for FPPS and 1.5% for PPLNS i.e., the percentage of these two figures will be deducted from miners’ rewards.
The minimum threshold for BTC is 0.001 BTC.
Antpool contributes around 82.9 EH/s of the total 362.01 EH/s
3. F2Pool (13.0%)
F2Pool was founded in 2013 and is one of the Bitcoin’s oldest and the most established Bitcoin mining pools. F2Pool has gained a reputation as a reliable and transparent mining pool, offering its users competitive fees and efficient payouts. F2Pool only offers one payout method, PPS+ (Pay Per Share Plus), where miners are paid a fixed amount for each valid share submitted, regardless of whether or not the pool finds a block. The payout amount is determined based on the block reward and the pool's Hashrate.
F2Pool charges a fee of 2.5% while the minimum payout threshold is 0.001 BTC. F2Pool contributes around 47.06 EH/s of the total 362.01 EH/s
4. ViaBTC (10.3%)
ViaBTC was founded in the year 2016. ViaBTC supports three payment methods viz, PPS+(default), PPLNS and SOLO. In the SOLO method, all block reward will be allocated to the miner who mined the block. The pool charges a small fee for daily operation and maintenance in terms of SOLO method.
The fee rate for PPS+ is 4%; 2% for PPLS; and 1% for SOLO. For PPS, the rule of payout is ‘every house based on the current difficulty’.
ViaBTC contributes around 37.29 of total 362.01 EH/s.
5. The rest (22.6%)
The rest of the pools viz., BTC.com, Poolin, Binance Pool, Braiins Pool, etc contribute to 22.6% of the total 362.01 EH/s i.e., 81.81 EH/s of 362.01 EH/s of the Bitcoin network.
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