Bitcoin mining is dominated by China with the top 4 mining pools within their borders according to the blocks mined during 2016.
20.67% blocks mined – AntPool is run by Bitmain, a Chinese mining hardware company headquartered in Beijing. “Bitmain technologies Limited is a Chinese IC design company founded in the first quarter of 2013, which specializes in research, development and sales for custom mining chips and miners. We aim to quickly deliver innovative and competitive custom hardware solutions to help the community. Bitmain is able to provide the most power effective Bitcoin mining solution on today’s market.”
20.63% blocks mined – F2Pool, this Chinese pool is also known as DiscusFish. It is operated by Wang Chun and Mao Shihang, “two Chinese technology enthusiasts”
12.62% blocks mined – BTC China, is one of the biggest players around despite only launching at the end of 2014. BTCC is one of China’s largest and first bitcoin exchanges – Bobby Lee is CEO and co-founder of BTCC.
9.91% blocks mined – BW Pool is another Chinese pool. It is owned by digital currency company Bitbank, which was founded by Chandler Guo
9.48% blocks mined – BitFury is the best-funded mining hardware company in the business, raising $20 million (£12.8 million) in July 2015. Valery Vavilov is the CEO and co-founder of The Bitfury Group – a private mining pool with offices in San Fransisco, London, Amsterdam and Washington DC and data centres in Georgia.
In India, GBMiners mined their first block in August 2016 and showing 1.02% blocks mined – they claim to be the fastest growing Bitcoin mining pool. Amit Bhardwaj is the founder of GBMiners.
Slush Pool, Czech Republic, was the first mining pool established in the world with over 1,000,000,000 bitcoins mined since 2010
This is the global mining pool share graph as listed by Blocktrail for the past year – 2016
What is Bitcoin Mining? Watch this short explainer video to learn more.
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