Wednesday 20 November 2013

List Of Bitcoin Mining Pools

Bitcoin mining pools allow users to use the combined power of their individual computing resources to mine for Bitcoins collectively. Users are then rewarded with a share of the Bitcoins that have been mined by the pool as a whole.

Pooled Bitcoin mining offers significant advantages over more individual attempts to mine Bitcoins. Principally, if you try to mine for Bitcoins on your own it may take a long time to receive a favourable return particularly if you have limited computing resources or a very slow CPU. By using the combined computing power of hundreds or thousands of computers, as is the case with Bitcoin mining pools, you receive smaller payouts, but the payments are made on a more frequent basis.

Below is an alphabetical list of the more populular Bitcoin mining pools:

50BTC
ABCPool.co
BitClockers
BitcoinMining.Co
Slush's Pool
Bitparking
Bitminter
BTCpoolman
BTC Guild
BTC Oxygen
BTCMine
BTCDig
BTCmow
BTCmp.com
BTCWarp
CoinLab
Coinotron
DeepBit
Eclipse Mining Consortium
Eligius
GHash.IO
Give Me Coins
MaxBTC
Multipool
Ozcoin
P2Pool
PolMine
Tripplemining

Many of the pools listed above are based in the USA whilst others are based in Europe. There are a few that are base in Australia and Asia.

Payouts from the above mining pools are made in a variety of ways including Pay Per Share, Proportional payments, Pay On Target etc.. Exact payment structures can be found on the corresponding Bitcoin mining pool web sites.

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