Bytom Mining Pools Review

There are numerous Bytom pools in the crypto-sphere. Try to locate big ones and join them. They offer reliability and ensure systematic revenues. Their hash power is high enough to allow them to be competitive in finding new blocks.  Another perk is low limit payouts. Market share percentages correlate with how large a pool is. I have prepared a table with the 5 best Bytom mining pools in comparison for your convenience.

You may have noticed that there are some pools with 0% fee. However, the reward will still be split accordingly. If you would like to dive deeper into the inner workings of mining pools, including the different reward systems in play, I have prepared a thorough article on the matter.

As with any other pool, I have a mix of multiple components, networks, malicious attacks and thus – reliability issues. You should always have a backup plan. Imagine there is a malfunction in the pool you mine. If you haven’t registered in other places, your mining process is interrupted. You can easily avoid that, by having a few alternatives ready, for your software to switch to.

Mining Pools Without Registration

Most pools allow you to register with them for ease of access and to enable detailed statistics for you. For some people, the thought of typing information in the pool’s website, like email and a wallet address, is not a good idea regarding privacy. Even though administrators use the data mainly for statistical purposes, most users are sceptical. They also send some updates on your emails for you to get familiar with. The main difference when using a pool without a registration is that in your mining software, you’ll only enter your wallet address and worker name, instead of using your account name/email to configure receival of rewards.

Have a look at the top Bytom mining pools requiring no registration:

Once you’ve decided on which one to join, all you need to do in this case is to enter the pool’s address and port into your mining software. Below you’ll find the needed information for both pools listed in the table.

After you’ve input the necessary info, double check to make sure that the pool is recognizing your workers and you’re actually going to generate earnings.

To help you estimate your profits from joining one of the best Bytom mining pools, there is an easy to use calculator, which will assist you. All you need to do is enter a few values: hash rate, power consumption of your hardware in watts, electricity cost per kW/h, pool fee percentage. After that’s done, you’ll receive a result, divided into different time sections (hours, days, weeks, years), which would be a rough estimate. I cannot stress this enough. All results are exactly that – estimates. The crypto market changes constantly and the values provided by the calculator are only valid for the conditions at that point in time.

You can also use this tool to figure out whether your cloud mining contract would be profitable. All you need to enter in this case is the hashing power and pool fee. Once you receive your results, you can compare your initial cost to your potential profit.

The friendly manner of Bytom makes its pools a popular choice. The network is safe and fast. You can manage private funds and use smart contract transactions. When you mine in a Bytom pool, your incomes are regular and certain. For many of you, the reward system might be a stop sign for joining one. You could also decide to mine on your own. When you choose this option, you basically compete with the much powerful hash of any Bytom mining pool out there. This will not lead to any new blocks soon enough. Think of your costs as well.

I recommend joining a mining pool or even better, make one yourself. The process is not simple, but it is possible. All you need is a dedicated server. To set up one and keep it running, make sure you have:

If you feel that this is something out of reach, you can always rent a VPS (Virtual Private Server). Just pay your provider and install the BTM mining pool software. This will give you control and will help you regulate what is going on. Usually, the owners of the mining pool take the reward for each block found and then divide it among the participants, depending on the adopted reward system. This renting idea leaves hardware hassles and electricity spikes out of the equation.

In most of the crypto projects, the pools and networks are mainly in the country, where the coin originates from. Just like Bytom. This coin is created in China. Its main network and BTM mining pools are also in the same country. That is a plus for the users and owners, because in Asia electricity is much cheaper than in the rest of the world. When you decide to become part of Bytom’s ecosystem, make sure you use the proper channel for that. Usually, pools point their networks towards strong providers, no matter how far their location is. However, you better check that as well. Closer providers mean better connection. It is all about crypto speed and quality of connections these days.

Pie chart with the biggest Bytom mining pools

Pool	Hashrate Share
Labs.f2pool.com	44%
Uupool.cn	22%
Antpool.com	19%
Btccpool.info	4.5%
Beepool.org	3%
Other pools	7.5%

Commitment – the Bytom project

The blockchain conception and integration reached its peak in 2017. Bytom itself became public at the end of 2016 and the beginning of 2017. The team behind it published its unique consensus algorithm, which was planned to evolve with time.

The team is focusing on few major points:

• mainnet – launching an integration of blockchain and AI. Once the net is up and running, Bytom organization has an agreement with several main Bytom mining pools to provide access to its users;
• technology committee – every change in the Bytom code will be reviewed by this committee. They will be an odd number and will vote every change;
• technology aspect – the team will focus on expandability, multi-asset lightning of the network and atomic cross-chain technologies;
• pools and institutions – these are another pinpoint in the future plans of Bytom team. They want to establish new relationships with financial institutions and foundations;