[Review] Bitcoin Mining Pool Review | Issue 1 | Mining Pool Soft Power

[Review] Bitcoin Mining Pool Review | Issue 1 | Mining Pool Soft Power

Bitcoin Mining Pool Review - Issue 1

Mining pool soft power


★ You may be late for the assessment, but you will never be absent★

The first phase of the evaluation targets mining pools with a BTC hashrate of more than 1E. A comprehensive analysis and evaluation of mainstream BTC mining pools will be conducted from four objective perspectives: fee rate, ease of operation, supporting tools, and miner services. By comparing the technical and operational soft power of each mining pool, the soft power will be obtained for reference by miners.

This issue reviews the mining pool

BTC.com Antpool

F2pool Poolin

Slushpool BTC.TOP

ViaBTC Huobi.pool

PS: Because the second-hand mining machine that I bought at a high price has not yet arrived, this evaluation does not include related tests after actually connecting the mining machine.

1. Revenue related

Fee rate, settlement method, joint mining and coin increase

The actual income of miners is related to the fee rate, mining pool settlement method, rejection rate, and the currency type given in joint mining. Judging the income situation by the fee rate has a large error. The reward ratio and currency types of joint mining are small, which has little impact on the income.



Evaluation Results



The lower the fee, the less coins you get from joint mining; among them, Viabtc has the most joint mining coins!


Slushpool’s settlement method is: (block explosion + handling fee)*98%*(exponential weighted rate)/(total exponential weighted rate of the mining pool). This method will be introduced in detail in the subsequent “Scientific Mining” public account article.


Since most mining pools use the PPLNS model for joint mining and coin giveaways, it is impossible to accurately predict the user's coin giveaway income.


Remark:

1. Mining pools are sorted by computing power. Data source: BTC.com

2. Some mining pools have not announced specific rates. The rates are based on the results of communication with the mining pool customer service.

3. Joint mining is BTC joint mining, excluding the mining pool coin gift mode

4. For a comparison of FPPS and PPS+ settlement methods, please follow the “Scientific Mining” public account, which will be introduced in subsequent articles.


2. Operation related

Basic technical support provided by mining pools

Computing power, mining machines, and revenue are the data that miners are most concerned about. Whether the mining pool can provide this data in a timely, clear, and effective manner is particularly important for miners to grasp effective information and adjust their strategies.



Evaluation content

View computing power income

Real-time computing power Daily average computing power Computing power curve Estimated income

Mining machine management

Real-time mining machines Active/invalid mining machines Mining machine group management

Sub-account management

Same algorithm currency switching API tool

Server Configuration


Evaluation Results



The evaluated mining pools all provide basic functions of viewing computing power income and managing mining machines. Poolin provides the “estimated income” function!


F2pool and Slushpool do not provide related functions for switching between different currencies with the same algorithm. Miners who need to switch between BTC/BCH currencies should pay attention.



The server address is divided into two modes. Servers in different regions have different connection addresses. The mining pool provides a universal address and automatically connects to the nearest server based on the mining machine access IP.


Antpool has the widest global distribution of servers, which can minimize the latency of mining machines. Among them, btc.top and viabtc only provide general server addresses, and the specific server deployment locations are unknown.



3. Supporting tools

The supporting tools provided by the mining pool not only ensure the safety and reliability of the tools, but also reflect the technical development capabilities of the mining pool to a certain extent.


Evaluation content


Smart Agent, Batch Tool, Mining Pool APP

Network detection tools, data alarm, data sharing



Evaluation Results



BTC.com and Antpool mining pools have complete mining supporting tools. Although the tools can be used across mining pools, using the platform supporting tools can obtain the corresponding technical support of the platform and obtain security guarantees.


4. Miner Services

Communication channels between miners and mining pools, and efficiency of problem feedback

Evaluation content

WeChat Instant QQ Instant Telegram

Official Account Ticket Message Email


Evaluation Results



Feedback channels can be added directly through the official website of the mining pool. BTC.com mining pool has the most comprehensive miner service channels, achieving full coverage.


Since Slushpool mainly serves foreign miners, it is not very friendly to domestic miners.

Conclusion

The evaluation content comes from a miner who likes to stir up trouble. The evaluation content is based on objective facts. Miners need to judge the evaluation content on their own. The "troublemaking miner" is not responsible for the evaluation content.


If there are errors in the evaluation results, you can provide feedback on the official account "Scientific Mining".



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