Mining pool hub hashrates
If you are looking to get into Bitcoin mining, this data will certainly help you to wisely choose which pool you want to join. For this research, we have included only major Bitcoin mining pools that have at least 0. These currently include in descending order of percentage from total network hash power :. We have excluded Lubian 3. All of these pools are fighting for clients since their business model is based on fees.
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10 Popular Ethereum Mining Pools
Ethereum is backed by p2p network architecture, in which each participant is a node. Each node in this distributed network is connected with other nodes [1,2], and all nodes must reach a consensus to maintain the continuity of the blockchain. Some nodes, called miners, invest their computing power in order to confirm the next block to be appended to the blockchain.
Oftentimes, miners will combine their hashpower to increase the likelihood of successfully mining a block together and having more frequent payouts.
These conglomerates are known as mining pools , and can wield significant influence over a blockchain. Current academic sources judge the de centralization of the Ethereum network by the hash power of mining pools [4,5,7]. We believe this view of oversimplified and instead provide nuance to the discussion.
This article first takes a look at the current state of mining pools and summarizes their arithmetical power. Additionally, by analyzing patterns of how mining pools pay their miners, we gather deeper insight into the distribution of mining power on the Ethereum network among actual miners. There are three primary methods of mining for a regular individual [3,6]:. To give grounds for our analysis, we begin by demonstrating how mining power is distributed among all mining pools.
At a high level, mining pools are, in fact, quite centralized. A mining pool, however, is quite granular in reality. A pool includes the interests of all individuals who invested their hardware with the aim of increasing their hashing power. Our analysis dove beyond the mining pool level to investigate just how decentralized Ethereum truly is.
At first glance, the graph above suggests that mining power is quite centralized. When we investigate the computational power of individual miners, therefore, we see a different picture. The most transparent way mining pools reward their participants is through direct payouts. In this case, there are direct transactions from the address of the mining pool to the actual miners.
There are some pools that use a much less transparent payout scheme: they directly pay the miners in fiat currency. One example for this can be cloud mining, where the contributor pays the cloud rent via credit card.
Our analysis found different patterns of payouts. Table 2 shows the top miners over the seven days analyzed. The payouts should be roughly proportional to the number of blocks mined.
There can be some distortion as payout heights are custom and time delayed. For the last pool in the list, bitclubpool , the payout is clearly not proportional to the number of blocks. This makes their payout scheme much more opaque and reduces trust, in our opinion. Figure 2 depicts the Cumulative Distribution Functions CDF for the percentage of total rewards of a pool paid out to each miner.
A CDF graph depicts the distribution of the sample among values. Steep slope means sample are centered around this value marked in x-axis, with y-axis showing the percentage of samples that are equal to or under this value.
The CDF charts show that small payouts make up the vast majority of payouts from pools to actual miners. We found that the four strongest pools on average pay less than 0.
The maximum value found was for a participant from nanopool, who was able to receive 3. We have observed three different ways a mining pool relays rewards to its miners:. Paying directly on chain with cryptocurrencies e. Small value of payout to lots of payout accounts 2. Mostly paying less than 1 Ether in each transaction to various accounts 3. Payout accounts are actual miners.
Paying via proxy on chain e. Address 0xb75d1e62b10e4bac4aa3faccf8af5 1. Large payouts to a few accounts 2. Paying around Ether in each transaction, to a specific account 3. Payout account is a proxy, and the proxy account pays to actual miners. Paying off chain, e. Large Ether transfers to a few accounts 2. Roughly paying over Ether in each transaction, to some specific accounts 3. Figure 3 shows a scatter plot for each mining pool demonstrating how many beneficiaries miners got paid out against the average of their payments.
It points out the different payout schemes and helps in clustering mining pools accordingly. We can see that the top five mining pools, miningpoolhub , f2pool , ethfans , nanopool and ethermine , share a similar pattern: large number of payout accounts and small average payout value.
This is consistent with the decentralized structure of miners in the pool, and confirms they are paying their members directly on chain. On the other hand, bitclubpool stands out as an outlier on the top left, showing an extremely high average payout going to only a few accounts. These accounts are not receiving payouts from block mining work, as 35, ETH is way beyond the rewards gained for the blocks mined by the pool during the week.
Beside, there are indicatives of scamming activities that should be obfuscated by the mining activity from bitclubpool and bw [8,9]. Furthermore, we checked the other two data points near bitclubpool and bw. For address 0x92e3fabfd7ab5edf0c3dc88fb, the payout pattern is similar to bitclubpool and bw.
For address 0xb75d1e62b10e4bac4aa3faccf8af5 on Figure 3 , we observed that the payouts were around ETH each, and all went to only one account. When an attacker controls more than half of the networks hashrate she always creates the longest chain over time, even if she never includes blocks from other miners [10,11]. Since the longest chain is always accepted as the authoritative one, the attacker now controls:.
What transactions are included in the blocks censorship. Reversal of shorter competing chains double spend and other attacks. Many more negative effects. We gathered all the actual miners across the different mining pools and ranked them by the rewards they gained throughout the week, which we assume to be proportional to the mining power they provide.
An attacker, therefore, would only need to compromise 1. Assuming rational behaviour of the miners, they want to protect the value of their investment and their earnings. The state of the Ethereum network is ever-changing. Previously, we have not had the tools to effectively and dynamically monitor the health of the network and the miner ecosystem to inform the different user groups, e.
The team at Alethio has built a product that allows us to do just that. With Alethio, the Ethereum network is available to anyone to analyze, study, and draw conclusions. Note, this approximation is a lower bound and the number of actually miners might be even bigger. The set of actual miners is derived as follows:. The miner has received in average less than ETH per transaction from the mining pool.
The threshold of ETH was empirically suggested. This heuristic is of course flawed not all payout addresses are individual entities, not all pools payout to the actual miners directly. Sorted the list of all actual miners in descending order by the percentage of the payout received from the overall payout paid by all miners during the week. Disclaimer: The views expressed by the author above do not necessarily represent the views of Consensys AG.
ConsenSys is a decentralized community with ConsenSys Media being a platform for members to freely express their diverse ideas and perspectives. To learn more about ConsenSys and Ethereum, please visit our website. News, insights, and education on all things decentralization from leaders in the blockchain industry. Sign in. Are Miners Centralized? A Look into Mining Pools. ConsenSys Media News, insights, and education on all things…. Blockchain Ethereum Crypto Spokes Mining.
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Easyminer profitability. Tech gurus all over the world trust us. As can be seen in this example, this setup will make me lose money, even after a year of mining… Withdraw as littleas 0. BitMinter - Software Terbaik untuk kecepatan penggunaan. Sometimes your fees are low but sometimes your fees are high - it really just depends on the fee structure of the exchange and the state of the orderbook at the … Calculate Litecoin LTC mining profitability in realtime based on hashrate, power consumption and electricity cost. However, you'll need access to … Dogecoin doge mining profit depending on your hash rate, power consumption and electricity cost.
Hash Rate Distribution (last 22 hours)
It looks like you're new here. If you want to get involved, click one of these buttons! Are there any european Servers up and running for ETH? It works, but having high latency Been solo since Frontier and only looking at pools past few days. Can someone explain what happened? Had for minutes only work to do where solution was directly found and submitted. Followed by a complete shutdown of the Pool. Never saw this before
Have overview on your cryptocoin mining rigs from mobile. Check your current hashrate, various payments, efficiency, workers list and other useful information of your mining. Application shows statistics of your account on selected pool. Autoexchange support. Features - Multipools monitoring - Current hashrate - Share rate - Share difficulty for some coins could be delayed - Workers list - Unpaid, immature and total balance - Shares info valid, invalid - Your efficiency - Chart of your mining success - Pool information - Network information - Estimated earning pre-calculation - Coin price - Last payouts including fees Supported pools We are testing this Mining Pool Hub monitor for these pools.
10+ BEST Bitcoin Mining Pools (High BTC, Ethereum Payouts)
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Ethereum Mining Pool Hub - 0% Fee, pays all kind of mining rewards, supports all miner programs
Account Options Sign in. Top charts. New releases. Add to Wishlist. Mining Pool Monitor for Miningpoolhub Unofficial application for checking your mining on Mining pool hub pools. Have overview on your cryptocoin mining rigs from mobile. Check your current hashrate, various payments, efficiency, workers list and other useful information of your mining on miningpoolhub com service. Application shows statistics of your account on selected pool.
If you are looking for the best Ethereum mining pool, then check out our list of pools for When you are in search of the best pool to mine, you should first look into the factors presented below:. Server location: opt for a pool that has its servers set up near your physical location: this will result in better hash power and, as a result, better profits;.
Ethereum is backed by p2p network architecture, in which each participant is a node. Each node in this distributed network is connected with other nodes [1,2], and all nodes must reach a consensus to maintain the continuity of the blockchain. Some nodes, called miners, invest their computing power in order to confirm the next block to be appended to the blockchain. Oftentimes, miners will combine their hashpower to increase the likelihood of successfully mining a block together and having more frequent payouts. These conglomerates are known as mining pools , and can wield significant influence over a blockchain. Current academic sources judge the de centralization of the Ethereum network by the hash power of mining pools [4,5,7].
Ethereum cryptocurrency has been steadily holding the second position in terms of market capitalization for many years. ETH cryptocurrency has attracted a large number of miners. Indeed, unlike Bitcoin, Ether can be mined using ordinary video cards. Mining requires a lot of tough work and expensive hardware. Any Ethereum mining pool is a server that distributes the task of mining among the participants.
Joining a mining pool helps to lower the volatility of your payouts by providing smaller, more frequent payments rather than a lump sum that you only receive when a block is solved. If you have a quality mining rig, low electricity costs, and join a mining pool with low fees, you can earn a couple hundred bucks a month. There are numerous variables that affect this calculation, though.