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Top 10 Bitcoin Mining Companies

The popularity of bitcoins is on the peak at this time. It is the first global decentralized currency that allows you to send money from one person to other without involving a third party broker, like bank. Only computer is needed to make the transactions as bitcoin is fundamentally software. As a decentralized currency, bitcoin is not controlled by anyone and it is an open source so that anyone can benefit from it. All the transactions are available on the public platform and everyone is able to see where their money is going and to whom.

Undoubtedly, miners – individuals or organizations play a very important role who form the base of bitcoin and other currency exchange and ensures the integrity of digital currency. There are many companies in the world who are working in this domain. Here is the list of 10 bitcoin developing companies of the world:

1. Slush

Slush is the first mining pool ever in BTC world, run by Santoshi Labs. It is operating since December, 2010. This company is advanced but still good for bitcoin mining beginners and currently develops about 6% for all blocks. They have a long history of stable and accurate payouts. Their servers are distributed around the world. The entire infrastructure runs on highly secured servers and their wallet address is secured with two-factor-authentication (2FA).

2.) AntPool

This company is run by Bitmain, a Chinese mining hardware company which has its headquarters in Beijing. Its technology accounts for 56% of global bitcoin miners and is the largest cloud miner in the world. The coinbase signature for this pool is: Mined By AntPool. It is open for all users around the world. Since mining it’s first block in March 2014, it has rapidly risen in hashing to become one of the main mining pools.

3.) DiscusFish/P2Pool

DiscusFish/P2Pool is a Chinese pool which is also known as DiscusFish due to its logo-a discus fish. It is officially known as F2Pool and is operated by Wang Chun and Mao Shihang. This pool has no hardware of its own, 100% of its hash power comes from users. F2Pool has generated the largest bitcoin transaction ever. This company opened on May 5, 2013.

4.) BitFury

It is one of the best funded mining hardware companies in the business world. The company is headed by Valery Vavilov, originally from Latvia. It has its private mines in Finland, Iceland and Republic of Georgia and doesn’t operate a public pool. Bitfury is the first major company in the industry to achieve critical mass in terms of revenue, financial viability and high standards of corporate credibility. The expertise of the Bitfury Group ensures successful, easy, fast, secure and cost-effective connectivity to the Blockchain.

5.) Ghash.io

GHash.IO has been one of the largest and well-known mining pools since 2013. Ghash.io gained some popularity through its success in 2016. In June 2014, it briefly took control of 51% of the entire bitcoin network. It operates Cex.io, a bitcoin exchange. Its expert team is ready to develop a custom-built mining pool for users.

6.) KnC Miner

KnC Miner is a Swedish mining hardware company. It has data centres in Iceland, Sweden and Finland. It raised $15 million Series B in February 2015 which was led by Accel Partners and focuses on producing miners for cryptocurrencies. KnC miner produces cutting-edge ASIC miners. Recently, it was found that this company has thought of filing bankruptcy, stating Bitcoin block reward is having a competition from Chinese hardware companies.

7.) Eligius 

It is a company based in North America which was launched in April 2011. Saint Eligius, the pool’s namesake, is a the patron saint of coin collectors and goldsmiths. Eligius is currently transitioning from Eligius-Ra to Eligius-Hu. Eligius has always been hard at improving their work to provide the best pool with the lowest possible fee i.e. zero. Eligius-Hu is the next generation of these improvements.

8.) BW Pool

It is a Chinese pool which has zero publicity in the English speaking world. It made the first appearance publicly in July 2015, when it co signed a Reddit post for the increase in block size. BW pool mining, which is also known as simply BW is a BTC, ETH, ETC and LTC mining pool. It has no fee for  BTC mining fee but the pool gets all the transaction fees from the block.

9.) BTC China Pool

BTC China Pool is China’s first bitcoin exchange which is based in Shanghai. Despite being a newcomer, it is one of the biggest players and is also one of the largest bitcoin exchanges of China and also offers a number of other digital currency solutions. It was founded in 2011 and is led by Bobby Lee who became its CEO after purchasing this exchange in 2013.

10.) Kano CKPool

It is a public pool created by an Autralian anaesthetist and programmer, Con Kolivas and bitcoiner “Kano”. It was launched in 2014. Users can pool their resources to find a bitcoin block faster then they could do solo. They only mine bitcoin, with no merged mining. They functions perfectly from the back end, but the front end leaves a lot which needs to be corrected.

These companies have engaged themselves in creating pools for mining bitcoins and other cryptocurrencies and making platforms user friendly and secure.

 

 

 

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