Learn which Bitcoin mining pools are best btc bitcoin mining pools making money for Bitcoin miners. Become the best Bitcoin miner and learn how to mine Bitcoins with the best Bitcoin mining hardware, software, pools and cloud mining. Bitcoin mining pools are a way for Bitcoin miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.
Bitcoin mining in pools began when the difficulty for mining increased to the point where it could take years for slower miners to generate a block. The solution to this problem was for miners to pool their resources so they could generate blocks quicker and therefore receive a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every few years. If you solo-mine, meaning you do not mine with a Bitcoin mining pool, then you will need to ensure that you are in consensus with the Bitcoin network. If you participate in a Bitcoin mining pool then you will want to ensure that they are engaging in behavior that is in agreement with your philosophy towards Bitcoin. For example, some rogue developers have threatened to release software that could hard-fork the network which would likely result in tremendous financial damage. Therefore, it is your duty to make sure that any Bitcoin mining power you direct to a mining pool does not attempt to enforce network consensus rules you disagree with.
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. RPC must be upgraded to support the BIP9 and BIP145 changes to GBT. 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. 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.