The Best Bitcoin Mining Pools in 2017

If you want to get as many Bitcoins as you can and expand your collection you need to be sensible. That means you’ve got to think about how you can go about getting Bitcoins as much as possible. Maybe the simplest way of achieving this is to make sure you mine Bitcoins. This is the best way to go about getting them without having to buy and trade from other owners.

The thing is, the process of mining for this cryptocurrency can be a tricky one. It’s important to make sure you understand how Bitcoin mining works, and what is involved in the process. Sometimes, the best thing you can do is become part of a mining pool. So, to help you out, we’re going to look at some of the best Bitcoin mining pools of the year.

BitFury Pool

BitFury is a company specialising in producing Bitcoin mining hardware and chips. In fact, they rank as one of the largest companies of this type. They are also one of the best mining pools to choose, especially if you are new to the process. Why is it so good? Well, BitFury currently mines an estimated 13% of all Bitcoins and has three data centres in Georgia. This is a private mining pool which is a not open to the hobbyists. So you will need to prove that, even if you’re new to it, you have a passion and interest in Bitcoin mining. This is the best way of getting your foot in the door and finding the ideal mining pool.

DiscusFish

If you can excuse the long name, you’ll find DiscusFish to be one of the finest mining pools on the internet. It is based, unsurprisingly, in China, and is one of the rapidly growing mining pool. China looks to be the next great superpower of the world, so anything they are pioneering is usually worth taking note of. To date, DiscusFish has mined almost 20% of all blocks over the past half a year. This is certainly a pool that is going places, though it might be better for the more experienced miners out there.

21 Inc

21 Inc might be a pool you are familiar with because it is certainly one that’s on the rise. This California-based Bitcoin company is one that you need to get on board with they offer options for low-powered miners to join, and they already have a fairly large pool of miners. The company mines about 4% of all Bitcoins, which is not a bad haul at all. They are a company well worth checking out, and present attractive prospects for the future.

What is Bitcoin Mining?

Bitcoins are one of the most powerful and important emerging currencies in the world. In ten years time cryptocurrencies will have taken over, and you will need to make sure you don’t miss the boat. It’s crucial that there are plenty of options when the time comes, but there’s no doubt Bitcoin will be leading the way. The popular cryptocurrency is one of the leading online currencies at the moment.

Many people have climbed aboard the Bitcoin train in recent years, and this is something you might want to consider as well. To do this effectively, you’re going to need to understand exactly how you can get yourself as many Bitcoins as possible. This brings us to the process of Bitcoin mining; a process more and more people are beginning to get involved with.

So, what exactly is Bitcoin mining? Well, it is basically mining blocks of the digital landscape in order to find more Bitcoins. This can be a lengthy and expensive process, not to mention a time-consuming one as well. Mining is a huge part of the essence of Bitcoin, and a big part of what holds everything together.

That’s why more and more people are beginning to mine Bitcoins, and doing what they can to expand their portfolio and increase the size of their Bitcoin wallet. But, this can be difficult, even impossible for some people. So, what can they do to ensure they accrue and earn more Bitcoins, even without the necessary individual mining skills? Well, that’s why pools were invented.

See, mining pools exist for just this reason, and they allow people to pool their collective resources to try to mine as many Bitcoins as they possibly can. A mining pool is like a network of people banding together to make sure they get the best possible outcome for everyone.

So, you need to consider mining, either as an individual or as a collective part of a pool. Mining is a hugely important skill, and, as Bitcoin becomes more widespread it’s going to prove to be invaluable. So, there are a lot of things you can do that will help you with this. Get online and take a look at how to mine, and what you can start doing right now to mine Bitcoin.

What is Gambling on the Blockchain?

In the world of Bitcoin and cryptocurrency, the need for transparency is paramount. The same is true in the gambling world, and there are some elements of cryptocurrency that can be incorporated. As we know, it’s important to ensure that casinos are secure and that players are getting fair treatment. Sure, there are regulations in place, but how do we know they are being adhered to?

Well, if we take a look at the world of cryptocurrency we can see options that might well be applicable. For instance, take the blockchain system that is employed by cryptocurrencies. A blockchain is a digital ledger that records all the transactions and activity involving Bitcoin and records it publicly. This gives everyone access to the information, as well as ensuring that no duplicate Bitcoins are created.

It’s an ingenious format and one that has made cryptocurrency the currency of the future. So, how do we apply this to gambling? Well, if you think about it, blockchaining could well revolutionise the whole online gambling industry. A version of Ethereum blockchain has started being used in online gaming right now. This is a blockchain effect that removes the middleman, as Bitcoin does.

There are so many positive effects a blockchain can have for the gambling world if it is used. Trust, for instance, can play one of the biggest roles in making sure customers choose to gamble online. Without the trust and transparency, people are less likely to be interested in risking their money.

Fairness is another big thing. People hate to feel like they are at a disadvantage, especially when it comes to gambling. And using blockchain can improve fairness because a blockchain ledger can record and verify information. That way people will be able to check how random the gaming truly is. It might even convince a few of the casinos to clean up their acts.

While it’s clear that blockchain gambling is not exactly mainstream yet, it is certainly setting precedents. And, it’s important to look out for this sort of movement in the future. This could become wide-ranging in online casinos in just a few years, and this could change everything.