The Top Bitcoin Private Mining Pools You Could Join
You can make your Bitcoin Private mining even more profitable. How? Easily, by joining several mining pools. This way, you’ll not only combine your hash rate with that of others, but you’ll also have a backup in case one of the servers goes down. By merging efforts, you can all achieve more frequent and higher overall income. You can always stick to solo mining, where you will receive the full block reward, but this can take months or even years sometimes. In the end, joining a pool and sharing the block reward while paying fees, will earn you the most, long-term.
Having all that in mind, this article contains all the information you might need for choosing a Bitcoin Private mining pool, that will optimize your profits.
1.00000000 BTCP
| Total Hashrate: | N/A |
|---|---|
| Difficulty Level: | N/A |
| Block Time: | N/A |
| Actual Block Reward: | N/A |
Best Bitcoin Private Mining Pools
In the immense world of cryptocurrency, having the right information at the right time is what can make you successful or break the bank. When it’s time to choose a Bitcoin Private mining pool, there are several aspects you need to know and understand. The best way to choose one, no matter if you are a novice or a pro, is to look at the market share. That figure is an indicator of how much hashing power is available. The higher the amount, the more efficient a pool is. Finding blocks faster equals higher chances of a reward and thus, higher profit. Here is a list of the best Bitcoin Private mining pools:
| Pool Website | Market Share/Hash PWR | Server Locations | Reward System | Pool Fee | Get all Details |
|---|---|---|---|---|---|
| BTCP.suprnova.cc |
23%
|
US
EU
CN
|
|
1% |
Read Review
|
| Zpool.ca |
13%
|
US
EU
|
|
1.7% |
Read Review
|
| Powermining.pw |
11%
|
EU
|
|
0.8% |
Read Review
|
| Btcprivate.miningspeed.com |
8%
|
US
EU
CN
|
|
0.8% |
Read Review
|
| Viciousminer.com |
7%
|
EU
|
|
1% |
Read Review
|
*Data used is not with constant value.
Another thing worth mentioning is that you should aim for 24/7 mining activity. This is manageable by picking a second and maybe even a third option for a BTCP pool to switch to, in case your first ones stop working.
I have compiled an in-depth analysis of all criteria that may influence your pool decision and covered the different reward systems.
Comparison of Mining Pools Without Registration
I understand that some of my readers may be hesitant to give out personal information. That is why I have prepared a list of the best Bitcoin Private mining pools that require no registration. Furthermore, I have also provided you with the necessary details to join them.
| Name | Fee | Pool Url | Worker | Password |
|---|---|---|---|---|
| 2miners | 1.5% | btcp.2miners.com:1111 | – | Any |
| btcprivate.miningspeed.com | 0,8% | us.miningspeed.com:2062 | – | Any |
| powermining.pw | 0.8% | pool.powermining.pw:2146 | – | Any |
Once you’ve decided on a pool, the next step would be to configure your miners. Bitcoin Private pools operate with GPUs and ASICs. All you need to do is download the necessary mining software for your rig or simply log into your ASIC’s management webpage. Look for the “URL address” field and copy/paste the strings from below:
For 2 Miners (GPU & ASIC)
- btcp.2miners.com:1111
- btcp.2miners.com:1313
For Mining Speed (GPU)
- us.miningspeed.com:2062
- eu.miningspeed.com:2063
For Power Mining (GPU)
- pool.powermining.pw:2146
Estimate Your BTCP Pool Mining Profits
You can use my calculator to estimate how much profit you can make while mining Bitcoin Private. The calculator is convenient – just enter the hash rate, power consumption, electricity cost and the pool fee. The all that’s left is to click on “calculate”.
Estimating the BTCP cloud mining profit is even easier. You only need to enter the hash rate and the Bitcoin Private mining pool fee. The calculations are done based on the current difficulty and the current market price. The results will depend very much on the constantly changing variables.
The results show your profits for the day, week, month or the year. You can also see how many BTCP coins you are going to mine and how much the electricity will approximately cost for the same time periods. For cloud mining you just have to make sure, that the profits outweigh the investments.
Create Your Own Bitcoin Private Mining Pool
Setting up your own Bitcoin Private mining pool could prove to be a profitable endeavor. Not only will you collect fees from all participant, but you will also be assisting with the decentralization of the mining power within the network. However, you should keep in mind that this will not be an easy undertaking and will require time and technical knowledge.
- Dual core CPU
- 4GB of RAM
- 500GB of hard disk space to house the blockchain for this coin
- Unlimited Bandwidth Usage incomming and outgoing traffic depends on how much users are connected to your pool
- Dedicated public IP Adress for guaranteed uptime we recommend an VPS
Where are the Bitcoin Private Pools Based?
Bitcoin Private mining pools’ servers are distributed across countries in Europe, Asia and the United States. These are usually close to groups of active miners, because having low latency plays an important role, as they can avoid stale shares. Another reason why the location is important is because some of the most active zones are places with low electricity costs and fast internet connectivity. These factors are crucial for the miners.
Centralization of BTCP Mining Pools
Most of the mining power is being held by the top couple of Bitcoin Private mining pools. While there is not a single one olding more than 50% of the power, this still could lead to a risky situation where a 51% attack is possible. That is a scenario, where someone is holding more than half of all the hash rate and is abusing it for their own profit. While it poses danger to the network, it’s not that likely to happen because the pool is comprised of many individual miners. This would mean that a great number of them would have to decide to collectively overthrow the network and potentially compromise their payouts. Nevertheless, I strongly advise you to leave a BTCP pool and join a smaller one, if you see a potential danger of such attacks.
| Pool | Hashrate Share |
|---|---|
|
Suprnova
|
23% |
|
Zpool
|
13% |
|
Powermining
|
11% |
|
Miningspeed
|
8% |
|
Viciousminer
|
7% |
|
Other pools
|
38% |
How Bitcoin Private Mining Pools Developed Over Time?
Bitcoin private is essentially a merged fork of Bitcoin and Zclassic, which itself is a fork of Zcash. It was released in March 2018 and quickly started gaining popularity. Many Bitcoin Private mining pools were accepted and added to the network by the coin developers. They have different reward systems, with the most common one being proportional. Many network updates are expected next year and even in the upcoming months, which can make BTCP one of the top coins on the market.