Awesome Miner can also display information, exchange rates and do bitcoin Pool Chart What Are Litecoin calculations for Bitcoin, Litecoin and all other popular coins. With a Cloud Services subscription, the notifications can also be delivered via SMS or via the Telegram app. Detection of failing devices, high temperatures, slow mining progress, hanging miners and disconnected miners.
Automatic restart miners with problems, with fully customizable triggers and actions. Learn more about notifications and triggers and actions. More than 25 mining engines are supported, including Cgminer, Bfgminer, Sgminer, Ccminer, Bminer, CastXMR, SRBMiner, XMRig and several Claymore miners. Awesome Miner supports all popular mining algorithms. More than 50 algorithms are supported including SHA-256, Scrypt, X11, Ethereum and Zcash. Track the status of each pool and define coin to see profitability. The Switch pool operation can be performed for multiple miners in a single operation, making pool switches for large number of miners efficient.
System information available for CPU, GPU, memory and storage. Large scale GPU overclocking and configuration settings for remote systems without dependency on mining software having to run. The web interface gives an overview of all miners, detailed information about selected miners and provides operations for starting and stopping the miners. The optional Cloud Services subscription provides access the same web interface hosted in the cloud, giving access to monitoring and management operations from any device. Use the HTTP API to interact with Awesome Miner from external applications and get access to information about the mining progress and perform all common operations. Script API and Awesome Miner HTTP API.
Automate the mining operations by sending, scheduling or defining triggers to execute SSH commands on one or many miners. Example of command can be to restart the Antminer. When switching to the chart mode, a graph will illustrate both hash rates and device temperatures. The summary can either be grouped by coin or by hash algorithm. Save long-term performance statistics, generate charts and export CSV-data to Excel for even more powerful data processing and visualization.
Awesome Miner – Mining made easy with powerful management! Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future?
If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Another way to prevent getting this page in the future is to use Privacy Pass. Now that you have Bitcoin mining hardware, your next step is to join a Bitcoin mining pool. Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner. Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.
Bitstamp’s btceur liquidity is among the highest in the market. Trustworthy, simple, and with decent fees. Definitely worth a look.
Pool Concentration in China Before we get into the best mining pools to join, it’s important to note that most mining pools are in China. Many only have Chinese websites and support. Mining centralization in China is one of Bitcoin’s biggest issues at the moment. There are about 20 major mining pools. The Biggest Mining Pools The list below details the biggest Bitcoin mining pools. We strongly recommend new miners to join Slush Pool despite it not being one of the biggest pools.
It was the first Bitcoin mining pool and remains one of the most reliable and trusted pools, especially for beginners. However, we strongly recommend joining Slush Pool instead. ViaBTC is a somewhat new mining pool that has been around for about one year. Slush is probably one of the best and most popular mining pools despite not being one of the largest. Bitclub Network is a large mining pool but appears to be somewhat shady. We recommend staying away from this pool. BTCC is a pool and also China’s third largest Bitcoin exchange.
Bitfury is a private pool that cannot be joined. BW, established in 2014, is another mining company based in China. The comparison chart above is just a quick reference. The location of a pool does not matter all that much. Get a Bitcoin Wallet and Mining Software Before you join a mining pool you will also need Bitcoin mining software and a Bitcoin wallet. Mining Pools vs Cloud Mining Many people read about mining pools and think it is just a group that pays out free bitcoins. Mining pools are for people who have mining hardware to split profits.
Many people get mining pools confused with cloud mining. Cloud mining is where you pay a service provider to miner for you and you get the rewards. If you just want bitcoins, mining is NOT the best way to obtain coins. Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins. Which Countries Mine the most Bitcoins?
Bitcoin mining tends to gravitate towards countries with cheap electricity. As Bitcoin mining is somewhat centralized, 10-15 mining companies have claimed the vast majority of network hash power. With many of these companies in the same country, only a number of countries mine and export a significant amount of bitcoins. Electricity in China is very cheap and has allowed Chinese Bitcoin miners to gain a very large percentage of Bitcoin’s hash power. It’s rumored that some Chinese power companies point their excess energy towards Bitcoin mining facilities so that no energy goes to waste. Sweden Sweden is home to KnCMiner, a Bitcoin mining company based in Stockholm. US The US is home to 21 Inc.
Bitcoin mining company based in California. 21 runs a large amount of miners, but also sells low powered bitcoin miners as part of their 21 Bitcoin computer. Most of the hash power from the 21 Bitcoin computers is pointed towards 21’s mining pool. A Note on Pools While we can see which mining pools are the largest, it’s important to understand that the hash power pointed towards a mining pool isn’t necessarily owned by the mining pool itself. Bitcoin miners can switch mining pools easily by routing their hash power to a different pool, so the market share of pools is constantly changing. The size of mining pools is constantly changing.
We will do our best to keep this posted up-to-date. Bitcoin miners are crucial to Bitcoin and its security. Without miners, Bitcoin would be vulnerable and easy to attack. However, miners are responsible for the creation of all new bitcoins and a fascinating part of the Bitcoin ecosystem. Mining, once done on the average home computer, is now mostly done in large, specialized warehouses with massive amounts of mining hardware. These warehouses usually direct their hashing power towards mining pools.
Antpool Review Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate. Antpool is run by Bitmain Technologies Ltd. Bitcoin mining hardware manufacturer, and a large portion of their pool is run on Bitmain’s own mining rigs. Also, Antpool’s user interface is surprisingly slick considering that the underlying company thrives mostly off of hardware sales. How to Join Antpool The pool is free to join and the process is simple. First, you need to acquire Bitcoin mining hardware.
Then you need to download mining software. If you need help deciding, I suggest you take a look at our hardware and software guides. Hardware is important because it determines the size of your contribution to the pool’s hash rate. Software is important because it enables you to direct your hardware’s hash power towards the pool you prefer. So make sure to make the right choice in order to optimize your rewards. Antpool claims that it does not charge any fees for using its pool.
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While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a 12. 5 BTC reward which Antpool does share with you when it finds a block.
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Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected per block by pools. At this time, Antpool keeps 1-2 bitcoins form transaction fees for itself, which are not shared with miners who have hash power pointed toward the pool. It can be argued that these rates prevent the service from being usable for small-time and big-volume users. The pool does not appear to have a payout threshold and pays out every day around 10 AM UTC.
The minimum withdrawal amount is 0. Can you do Solo Mining on Antpool? Solo mining means you mine for bitcoins without joining a pool. So if you use Antpool you are not solo mining by default. Generally, you will receive more frequent payouts by joining a pool.
What is the Controversy around Antpool? Antpool has refused to enable arguably beneficial upgrades to Bitcoin for reasons based on claims that have been largely disproved. Notably, this has taken place with somewhat of a vindictive attitude. Despite the fact that most Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this feature. Antpool claims that it will only signal for Segwit if there is a hardfork, which is a proposition that most users oppose. Furthermore, allegations that the owner refuses to sell hardware to Segwit supporters have also begun to circulate. By using Antpool, you allow the pool to decide your hardware’s approach to these matters, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware employs.
If you wish to decide which implementation your hardware should signal for, you can use a pool that leaves the choice to its users, like the Slush mining pool. The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated to its pool, Bitfury sells a 16nm ASIC mining chip.
BTCC Mining Pool Review BTCC Mining Pool is run by BTCC, a Bitcoin company based in China. The company also runs a Bitcoin exchange, wallet, prints physical bitcoins and more! Our mining pool currently has customers from the United States, South America, Europe, China, and Africa. Shared Transaction Fees One great thing about BTCC pool is that it shares Bitcoin transaction fees with its miners.
In every Bitcoin block, around 1-2 BTC worth of transaction fees are also rewarded to the pool. Some pools keep these fees for themselves and DO NOT share with their miners! BTCC evenly splits the transaction fees among its miners, just like it splits the 12. Slush Pool Review Slush Pool is run by Satoshi Labs and was the world’s first ever Bitcoin mining pool. It’s advanced yet also a great pool for beginners. How to Join and Use Slush Pool Slush Pool is easy to join.
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Configure your mining software to point your hardware’s hash power to Slush Pool. Enter your Bitcoin wallet address that will receive the payouts. Slush Mining Pool URLs According to Slush’s website, there are the current URLs for the mining pool. You will want to point your software towards the URL location closest to you.
This will maximize your mining profits. This may seem like a lot but unlike other pools it shares the transaction fees with its miners. At current levels, these amount to 1-2 BTC more per block. Satoshi Labs Satoshi Labs runs Slush Pool. They also make the Bitcoin TREZOR hardware wallet and Coinmap. Ethereum Mining Pool Many people want to use the pools above for Ethereum too.
But, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools for more info on ETH specific pools. Litecoin Mining Pool Like Ethereum, none of the pools above support litecoin. For LTC mining you will need separate hardware and a separate pool.
Bitcoin Mining Pool Taxes You’ll have to consult an accountant or lawyer in your area. But most likely you will have to pay income tax on income from mining pools just like you would for any other type of income. Get the latest Bitcoin news and analysis. Accordingly, the information on this post is provided with the understanding that the author and publishers are not herein engaged in rendering legal, accounting, tax, investment, or other professional advice and services.
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We understand that there are some concerns about our process to verify legacy accounts. Although we are actively encouraging customers to complete the process within the next two weeks and doing our best to address any issues that may arise, there will be customers who are unable to complete the process in that timeframe. We are now requiring that all legacy Poloniex accounts become verified through the latest version of our verification portal. If you have a legacy account, you will not have the ability to use Poloniex until your profile verification is complete. We are asking everyone to take action within the next 14 days. We appreciate your cooperation in this process. We are permanently shutting down the SJCX wallet on June 29.
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This means that you will have until then to transfer any SJCX that you have off the exchange. Following June 29, 2018 you will have no ability to recover or access any SJCX that you currently hold on Poloniex. Note that the STORJ team is offering to exchange SJCX for STORJ. The BELA legacy coin will no longer be supported by the Bela team as of May 31. As a result, we will be delisting all legacy BELA markets on May 17. Trading in BELA pairs will no longer be supported at that time, and you will have until May 31 to withdraw your balance. Join over 94,000 students, learn all you need to know about Bitcoin.
One Email a Day, 7 Days in a Row. Bitcoin mining has received a lot of attention lately. What Made Bitcoin Mining Worthwhile Before? Mining bitcoins has been a very profitable venture for a very long time. While many people who tried Bitcoin mining failed to profit, didn’t receive their mining rigs due to fraudulent or inept companies, or barely reached a positive ROI on their Bitcoin mining attempts, that was not true for the more experienced miners. FPGAs were the norm, and the rise of ASICs bitcoin mining hardware.
These ASICs completely changed the game by increasing the efficiency of mining bitcoins by many orders of magnitude, and completely destroyed the profitability of mining with a traditional computer. Why Mining Bitcoins With GPUs Was Worth It Until 2013 Before the ASICs, Bitcoin mining was worth it simply because the difficulty stayed quite close to Bitcoin’s price. Many Bitcoin miners were only mining part-time, and were simply using GPUs that they already had purchased for gaming to mine when they were not using their computer. This completely removed the equipment cost from the ROI equation, as the ability to effectively mine bitcoins was just a benefit of having a decent gaming computer. At that time, there were very few huge Bitcoin mining farms. A large portion of the mining community, at that time, were not mining for profit alone.