Bitcoin mining pools free

How It Works

Here you need to know 3 steps about how Bitcoin mining works, And how to earn free Bitcoin.

Enter Bitcoin Address

There is no need to sign up for starting the mining process, just enter BTC address and start mining.

Start Mining for Free

After entering BTC address successfully your mining process is start automatically without any investment.

Withdraw Generated Bitcoin

Miners can withdraw their earning balance after reaching minimum threshold of 0.001 BTC.

About Miningbase

Miningbase is the leading Bitcoin mining service provider in the world. Our team of IT developers has depth knowledge of Bitcoin mining and that is why they working dedicatedly to make mining accessible to everyone.

Our main goal is every people have knowledge about Bitcoin cloud mining and they are starting to earn from Bitcoin mining, regardless of location, experiment, investment and age.

We have multiple datacenters in different countries for highest speed, security and easy accessibility. We are very transparent about our payments; we always update our miner’s transactions proof in our website.

Our Mining Plans

Choose your plan and increase your mining speed and make big profits!

Earning rate:
• 0.00000200 BTC/min
• 0.00144 BTC per day
• Affiliate bonus 30%

Earning rate:
• 0.00002100 BTC/min
• 0.01512 BTC per day
• Affiliate bonus 40%

Earning rate:
• 0.00021000 BTC/min
• 0.1512 BTC per day
• Affiliate bonus 50%

Earning rate:
• 0.00126000 BTC/min
• 0.9072 BTC per day
• Affiliate bonus 100%

Features

We provide best services to our miners

Instant Activation

You can mine Bitcoin by just entering BTC address. No need to registration for mining process.

Newest Hardware

We use the newest ASIC cheap and GPU rigs. We are always updating with newest technology of Bitcoin mining.

Security

We are always care about data of our miners so, we use SHA-256 algorithm for security. Our Datacenters also highly secured.

Fastest Withdrawal

Our withdrawal process takes only 24 hours. We are transparent about transactions.

Outstanding commission

All miners can get 20% affiliate bonus when they start mining process. If you want to earn high affiliate bonus than buy any package and earn more affiliate bonus.

Support 24/7

Our team of experts always available and feels happy to help you 24/7. Feel free to reach us anytime.

Bitcoin to

Start Mining now, hassle free

Mining process is very complex, you have to buy and install expensive hardware and technical knowledge about how it works. With Miningbase you don’t have to worry about anything. Just enter your Bitcoin address and start mining process instantly.

Mobility

You can use whenever, just need access of the Internet and device. Our website is mobile friendly for mining process in mobile devices.

Quick view earnings dashboard

View your daily, monthly and yearly earnings as well as referral commission using dashboard and your account.

Recent Posts

This section will allow you to get recent blog posts from this site and update you with all about trending bitcoin topics.

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Bitcoin Cloud Mining Pool & It’s Benefits

Bitcoin mining is essential to release new BTC in the market. Mining is the only way new bitcoins can be generated — the very first bitcoins created by the founder of bitcoins «Satoshi Nakamoto». Without miners, bitcoins would still exist and used. Every bitcoin comes in the circulation only because of miners. And there will come a time when mining will end. As per the protocol, there will be a finite amount of bitcoins, and the magic number will be 21million.

How can anyone maximise the chances of mining before anyone else does? Whoever wants to do mining needs to have faster mining rig, or you have to join the mining pool or a group of miners where they combine the mining powers and split the mined bitcoins.

Despite mining, you can earn bitcoins for confirming the transaction at the blockchain. We know that there is the only way to generate new bitcoins is through mining. But chances are minimal for an individual to find the next solution to puzzle. And difficulty going up makes it worse, and miner may never recover their investments. Right now, mining is at the place where we cannot afford to do in person. The best way to do bitcoin mining is mining pools. Third parties operate cloud mining pools. By doing together, miners will get a steady flow of bitcoins starting the day of the activation of their plan.

If you want to start bitcoin mining, then the answer right now is to join the bitcoin mining pool and get the most profit. The main benefit of bitcoin mining cloud is you don’t have to manage any hardware or software yourself. You only have to join the bitcoin cloud mining pool, and you will be assigned mining power with you can start your mining at your home.

There are some other ways without bitcoin mining such as buy BTC at an exchange, but it is a bit costly. You can also try trading with Cryptocurrency. But the easiest and secure way right now for brings is to join cloud mining pools.

At miningbase you will get free hashing power with no additional charges. You need to join miningbase, and your mining rig will start mining. Mining base support excellent affiliate program with you can earn extra BTC by referring your affiliate links at the social platform.

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Bitcoin Mining Pools

Now that you have Bitcoin mining hardware, your next step is to join a Bitcoin mining pool or buy bitcoin.

What is a 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.

Finding a good mining pool is important because its going to save you money.

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. Broken down by the percent of hash power controlled by a pool, and the location of that pool’s company, we estimate that Chinese pools control

65% of the network hash rate:

Bitcoin Wallets

Before joining a mining pool:

You’ll need a bitcoin wallet. Why?

This is because all Bitcoin mining pools will ask you for a Bitcoin address that will be used to send your mining rewards and payouts.

Our guide on the best bitcoin wallets will help you get a wallet. Read the full guide.

The Biggest Mining Pools

The list below details the biggest Bitcoin mining pools:

We strongly recommend new miners to join Poolin or Slush Pool.

1. F2pool

F2Pool is based in China. It mines about 19% of all blocks.

2. Antpool

Antpool is a mining pool based in China and owned by BitMain. Antpool mines about 14% of all blocks.

3. ViaBTC

ViaBTC is a somewhat new mining pool that has been around for about one year. It’s targeted towards Chinese miners and mines about 12% of all blocks.

4. Poolin

Poolin is a public pool which mines about 12% of all blocks. They are based in China, but have a website fully available in English.

5. Binance Pool

Binance Pool is a fast growing pool owned and operated by Malta-based exchange Binance.

Binance is already one of the largest crypto exchanges on Earth and they are moving aggressively to expand their reach in mining as well.

Binance mines about 11% of all blocks

6. BTC.com

BTC.com is a public mining pool that can be joined and mines 11% of all block. We strongly recommend joining Slush Pool or Poolin instead.

7. Huobi.pool

Huobi.pool is a Chinese based mining pool accounting for 5% of all mining.

8. Foundry USA

Foundry USA is (you guessed it) a US based pool owned by German blockchain company Foundry Digital. They account for 3% of all hashing power.

9. Slush

Slush Pool was the first mining pool and currently mines about 3% of all blocks.

Slush is probably one of the best and most popular mining pools despite not being one of the largest.

10. 1THash

This is a Chinese pool made from two pools: 1THash and 58coin. They mine about 3% of the blocks.

Quick Tip

Mining is not the fastest way to get bitcoins.

Buying bitcoin with a debit card is the fastest way. We highly recommending using Skrill whenever possible.

The comparison chart above is just a quick reference. The location of a pool does not matter all that much. Most of the pools have servers in every country so even if the mining pool is based in China, you could connect to a server in the US, for example.

Bitcoin Mining Pool Comparison

Pool	Fees	Payout
	Antpool	1.5-4%	PPLNS and PPS
	Slushpool	2%	Score
	F2 Pool	2.5%	PPS+
	Poolin	2.5%	PPS+

Get a Bitcoin Wallet and Mining Software

Before you join a mining pool you will also need Bitcoin mining software and a Bitcoin wallet. You will also very likely need an ASIC miner, since GPU mining will likely never be profitable again going forward.

Mining Pools vs Cloud Mining

Many people read about mining pools and think it is just a group that pays out free bitcoins. This is not true! 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 mine for you and you get the rewards.

Just Want Bitcoins?

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.

Get $10 worth of free bitcoins when you buy $100 or more at Coinbase.

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.

QUICK TIP

Unless you have access to very cheap electricity, and modern mining hardware then mining isn’t the most efficient way to stack sats. Buying bitcoin with a debit card is the simplest way, but we also recommend using a payment network like Skrill or Interac e-Transfer or use a bank transfer such as SEPA when available.

To buy bitcoin in your country or state, check our guides! A few of our most popular are listed below!

…or visit our exchange finder if your country is not listed above.

China

China mines the most bitcoins and therefore ends up “exporting” the most 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.

China is home to many of the top Bitcoin mining companies:

It’s estimated that these mining pools own somewhere around 60% of Bitcoins hash power, meaning they mine about 60% of all new bitcoins.

Georgia

Georgia is home to BitFury, one of the largest producers of Bitcoin mining hardware and chips. BitFury currently mines about 15% of all bitcoins.

Other Countries

The countries above mine about 80% of all bitcoins.

The rest of the hash power is spread across the rest of the world, often pointed at smaller mining pools like Slush (Czech Republic) and Eligius (US).

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.

There are a few cases, like with BitFury and KnCMiner, where the company itself runs the mining operation but doesn’t run a mining pool.

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.

To make the list of top 10 miners, we looked at blocks found over the past 6 months using data from BlockTrail.com.

The size of mining pools is constantly changing. We will do our best to keep this post up-to-date.

If you cloud mine then you don’t need to select a pool; the cloud mining company does this automatically.

Why are Miners Important?

Bitcoin miners are crucial to Bitcoin and its security. Without miners, Bitcoin would be vulnerable and easy to attack.

Most Bitcoin users don’t mine.

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.

Payout Schemes

How do Pools Pay Members?

You may be wondering how pools payout their members?

Is it the same way every time?

Do all pools use a similar payment structure or are all of them unique?

When you become a member of a mining pool, there are a number of ways your rewards for contributing hashing power can be calculated. All of the payout methods use the term “share”.

Quick Tip

Don’t forget to think about your tax obligation on the coins you buy or mine. There are some great tax software suites to make it easy! For instance, we have a great guide on how that software works to pay taxes on Coinbase buys.

A «share» is awarded to members of the mining pool who present a valid partial proof-of-work.

Essentially, the more hashing power you contribute to the pool, the more shares you are entitled to.

Pay Per Share

The most simple payout scheme, Pay Per Share guarantees the miner a payout regardless of if the pool finds the next block or not. The value of a share is determined by the amount of hashing power that is likely needed to find a block divided by the reward for finding it.

If 100 shares are likely needed to find a block and the reward is 6.25 BTC, then each share is worth .0625 BTC (6.25 / 100).

Payment is paid from the pool’s existing balance and the amount of the payment is determined based on your number of shares.

Because payment is guaranteed, more of the risk is on the mining pool operator. The payouts to the pool members is therefore smaller than in Pay Per Last N Share, explained below.

One final feature of Pay Per Share is that transaction fees from each block are kept by the pool operator. Pool members are only paid based on block rewards.

Full Pay Per Share

Full Pay Per Share (also known as “Pay Per Share +”) is the same as Pay Per Share, except transaction fees are also paid to the pool members on top of the block reward.

Pay Per Last N Shares

Pay Per Last N Shares is a more complicated payout that shifts more risk to pool members but also more rewards.

In Pay Per Last N Shares, pool members are only paid once a block has been found. Once a block is found, the pool looks at your share contributions for all previous blocks where the pool did not find the block, and this is called a “time window”. All the blocks in a time window are known as a “round”. Using these numbers, the pool determines your total share contributions over the round to determine your payout.

For example, if the pool mines through 6 blocks before finding a block, Then their reward for all the hashing power the pool contributed to the network over they 6 block round is 6.25 Bitcoins (not including transaction fees). If you contributed 100 shares for each of those blocks and the total number of shares was 1000, then your payment would be .625 BTC or .104 BTC per block.

The idea behind this payout scheme is that it removes all luck and only pays members based on their contribution to actual revenue earned by the pool. This scheme also incentivizes members to continue mining on in the pool even as the profitability of mining different coins rises comparatively. This is because disconnecting from the pool before a block is found will pay you nothing.

Pools that use Pay Per Last N Share may or may not include transaction fees in their reward payouts so it is up to your to find this out from each pool.

Quick Tip

Mining is not the fastest way to buy Bitcoin.

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