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Blockchain Developer's Guide
book

Blockchain Developer's Guide

by Brenn Hill, Samanyu Chopra, Paul Valencourt, Narayan Prusty
December 2018
Beginner to intermediate
564 pages
17h 34m
English
Packt Publishing
Content preview from Blockchain Developer's Guide

Mining pools

Due to the huge mining hash rate, people from the mining community came together to mine blocks together and decided to split the reward depending on how much hash power each was contributing to the pool. In a mining pool, everyone gets a share of the block reward directly proportional to the resources invested. Many mining pools exist nowadays. Some of the popular mining pools are these:

  • BTC.com: This is one of the largest mining pools, responsible for around 25% of Bitcoin blocks mined on a regular basis as of June, 2018. The pool was launched in September, 2016, and is currently owned by Bitmain Technologies Ltd.
  • Antpool: This is owned by the same company that owns Btc.com, one of the largest mining pools. Antpool and Btc.com ...
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Publisher Resources

ISBN: 9781789954722OtherPurchase LinkErrata Page