Currently China is responsible for most of the bitcoin mining in the world. Flipflopping with banning and not banning all the time is just become a joke to me. I think the technology of China is good and can support the process of crypto currency mining. I just hope that legality of crypto currency will continue in this place. Yes is excellent news, but is this information or news real? Because there are many speculations about cryptocurrency mining in China from months ago, but just news behind other news we dont know if is real.
China knows better than to stop bitcoin mining because it is a very profitable business — even the Chinese government gets money in the form of tax. China is as of now well known for its mining. This is the great step of the china that they are going to accept the BTC and they are going to make mining a industry in their country so i think that they can make good amount of money in the market and this is the great idea.
Bet Fury. Free BTC 1 Satoshi every day. It is very profitable for chian for accepting bitcoin mining industry. Because china having big markt as the population of China is no 1 in the world. Recently we saw that China country make crypto as illegal. After a complete research of crypto now they also launch their own coin based on blockchain technology.
Many countries also trying to do this. China is the most friendly city of bitcoin. Many people in China use bitcoin. From the last speech of the Chinese president, we know that China is going to support the blockchain technology even if China was previously opposed to it, but now its position has changed and this will be in its interest. This is a really good movement for both China and Cryptocurrency World, since China is a country that is kind of wealthy many people will invest in this kind of earning, and also Chinese people are really good in managing their money so for sure they will help the market to grow.
It is a great news for crypto world. No wonder. Almost all of the best mining equipment is made in China. China will not give up such a profitable business mining. It provides preferential loans and cheap electricity to its miners, all this to monopolize mining. China has no competitors and will not be. This will serve as a new achievement to the development of the bitcoin, mining play a vital role in cryptocurrency and it will serves as advantage to us to start mining.
Good and useful information. Imagine if all countries started to use mining as well, would you also develop like China and have e-business because of this addition, it would be great. I found that many developed countries rejected the bitcoin and underdeveloped countries rushing after the crypto currencies to get some profit. I think china will accept the btc mining. Because many people get self-sufficient by the btc.
Value of btc is daily increasing. So I think china has understand the importance of btc. Now china is totally down and the business in the china is closed but i hope that soon china is going to be stand again and that will start their business world wide an i hope they are officially launched that they start work with the BTC.
Well, when you say bitcoin mining, china is the number one from that because mining is fitted on that by having an small amount of electricity bills and you can get a huge amount ot money from that. China is becoming the world power of economy. The policy from the government would be to see the new possibility to increase the economy power for the country. We know China itself has the largest populations in the world and they have to give or create the earning opportunities to people.
By uanix Started January 27, By Chigurh Started November 29, By anatolydo90 Started February 25, By ColdFinger Started June Crypto World. Search In. Payment Update. Sign in to follow this Followers Recommended Posts. Posted February 11, Share this post Link to post Share on other sites. Posted February 13, Posted February 13, edited. Posted February 16, Interface User So why would the Chinese government say no to good money?
Maham 3. Posted February 17, Sunil kumar Behera Posted February 18, He said he saw growing political "alignment" on the issue, while praising efforts by Platts and others to provide low-carbon benchmarking. In all these places you see a bigger sense of urgency.
The US for instance is coming up with a very interesting program to help India develop more renewable power sources. Это можно сделать безвозмездно и просто. Воспользуйтесь клавишей внизу. Мы вернем вас сюда по завершении. Вебинары Растущее влияние американской нефти - глобальная перспектива TZ Онлайн. Наша методология Методология и спецификации Ценовые оценки Рекламация. В фокусе Видеоматериалы Особые отчеты. Энергия Energy Transition Глобальная встроенная энергетическая модель.
To buy bitcoin in your country or state, check our guides! A few of our most popular are listed below! Until recently even the mining hardware was located in China because the electricity in China is very cheap. It was even rumored that some Chinese power companies pointed their excess energy towards Bitcoin mining facilities so that no energy goes to waste. All of this has changed since the Chinese government has banned crypto mining within the country.
Georgia is home to BitFury , one of the largest producers of Bitcoin mining hardware and chips. 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. 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.
The size of mining pools is constantly changing. We will do our best to keep this post 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.
When you become a member of a mining pool, there are a number of ways your rewards for contributing hashing power can be calculated. 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. Essentially, the more hashing power you contribute to the pool, the more shares you are entitled to.
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 shares are likely needed to find a block and the reward is 6. Because payment is guaranteed, more of the risk is on the mining pool operator. 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. Pay Per Last N Shares is a more complicated payout that shifts more risk to pool members but also more rewards. 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.
If you contributed shares for each of those blocks and the total number of shares was , then your payment would be. 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. Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate. Antpool mined its first block in March , meaning that it emerged roughly four years after the first mining pool; Slushpool.
Antpool is run by Bitmain Technologies Ltd. Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability US, Germany, China etc. 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.
So make sure to make the right choice in order to optimize your rewards. 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 Lately, however, Bitcoin transaction fees have been rising and an additional bitcoins are collected per block by pools. At this time, Antpool keeps 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. Consequently, some users on bitcointalk. Antpool had refused to enable arguably beneficial upgrades to Bitcoin for reasons that have been largely disproven. More specifically, the controversy revolved around Segwit — a feature that required miner activation to be enabled.
Despite the fact that most Bitcoin users wanted this feature activated, Antpool, among other pools, was attempting to block it. This eventually resulted in the Bitcoin Cash hard fork and the ultimate activation of Segwit on Bitcoin. 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. Although Bitfury controls a large portion of the Bitcoin network hash rate, its committed to making Bitcoin decentralized:. BitFury is fundamentally committed to being a responsible player in the Bitcoin community and we want to work with all integrated partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together.
Slush Pool is a name you probably heard if you ever researched mining pools. Slush Pool has been around since and is one of the oldest Bitcoin mining pools in existence. Since the launch, the pool has had its ups and downs but things have been mostly positive recently. Satoshi Labs run Slush Pool.
You may also know Satoshi Labs from their work on Trezor , the first Bitcoin hardware wallet and Coinmap, a world map outlining which merchants accept Bitcoin. In terms of fees, Slush Pool is very similar to other mining pools on the market. Customer support is at a high level. Of course, the users can send emails to the network officials if they have any problems. In most cases, a customer support agent will respond in less than 24 hours.
However, you can also talk to customer support agents instantly if you have an emergency problem. The company has a dedicated website, where you can start a conversation with customer support if you have questions about your mining setup, user account, or rewards. Security levels are more than satisfactory. You have 2-factor authentication and wallet address locking for emergency cases. You get a read-only token that allows you to log into your account, in case someone tries to hack your account or steal your identity.
In addition to that, the company only uses highly-secured servers, which guarantee the safety of your Bitcoin wallets. In conclusion, is Slush Pool worth your time and effort? The short answer is yes, Slush Pool is a good choice if you want to start mining. Plus, it gives awards to some of its most active users.
Our guide on the best bitcoin wallets will help you pick one. Read it here! Once you find one you like, you can learn how to add your mining funds to your wallet. Long-time miners will also be satisfied. The service is always at the top of mining trends. The company officials never stand still, issuing constant updates that make their service fresh and up-to-date at all times. Keep in mind though that while Slush is the oldest pool, it is by no means the biggest or the cheapest, and keeping fees low is crucial for any mining operation.
F2Pool was originally launched in in Beijing. Due to its popularity, it soon expanded to other continents. The service is now available in Russia, Canada, and the United States, among other countries. Within the last year F2Pool has become the biggest mining pool. In addition to Bitcoin, F2Pool miners can also mine for Litecoin, Ethereum, and multiple other cryptocurrencies. All in all, you can mine for more than 40 cryptocurrencies in this pool. Although the website was originally created just for the Chinese market, the company now has an English language version of its website and the interface is extremely easy to use for miners of all experience levels.
Now is the time to talk about some of its main functions and services offered. For most people, the services offered are what makes or breaks a mining pool. The biggest downside of F2Pool is their fee. In fact, this is double what slush charges. However, many miners clearly fee the fees are worth it, given the size of the pool. For instance, they offer daily payments and every time you reach 0.
They operate on a PPS system, which means they reward the people who mine the most on their network. Having good support is crucial for both experienced and inexperienced users. You need to talk to a knowledgeable person if you have any doubts or questions about your account or payments.
They guarantee a response to all inquiries in less than 24 hours. However, you can contact them instantly through their chat if you have a real emergency. The website has the HTTPS protocol and the service comes with a wallet-lock feature, which protects your investment in case your account gets hijacked.
The company forbids it for security reasons to prevent identity theft on their network. Should you use F2Pool or not? The energy wasted by plugged-in but inactive home devices in the US alone could power bitcoin mining for 1. But environmentalists say that mining is still a cause for concern particularly because miners will go wherever electricity is cheapest and that may mean places that use coal. According to Cambridge, China has the most bitcoin mining of any country by far.
While the country has been slowly moving toward renewable energy, about two-thirds of its electricity comes from coal. Since there is no government body or organization that officially tracks where bitcoin is being mined and what type of electricity miners are using, there is no way of knowing whether miners are using electricity that is fueled by renewable energy or fossil fuels.
Mining rigs can move from place to place depending on where energy is cheapest, which makes mining particularly hard to track. A single transaction of bitcoin has the same carbon footprint as , Visa transactions or 51, hours of watching YouTube, according to the site.
Another study from the UK published last year said that computer power required to mine Bitcoin quadrupled in compared with the year before, and that mining has had an influence in prices in some power and utility markets. Some have pointed out that there does not have to be a tradeoff between cryptocurrency and the environment. This article is more than 8 months old. Topics Bitcoin Energy Energy industry Cryptocurrencies news.