Bitcoin.com’s mining pool claims to be the most profitable pool for miners. Find out everything you need to know about the Bitcoin.com mining pool today in our review.
What Is The Bitcoin.com Pool?
Bitcoin.com’s pool is a bitcoin mining pool that promises to offer 110% block rewards and 0% fees.
Typically, Bitcoin.com is known for its bitcoin wallet. It’s one of the most popular wallets available online today. However, the Bitcoin.com website also features further information about the bitcoin world, including information on how to buy bitcoin, or the latest news from the world of bitcoin.
In any case, Bitcoin.com’s pool is a cloud mining pool. You buy into the pool at an initial price, pay a daily fee, and then enjoy a fixed hash rate for the year.
The “110% block reward” claim has attracted some criticism. It’s not totally clear where that extra 10% comes from, although the company claims it comes from bitcoin transaction fees. At the moment, the company appears to be benefiting from the bitcoin network’s relatively high transaction fees.
Bitcoin.com launched its cloud mining pool in May 2017. To launch the pool, they claim to have partnered “with the largest bitcoin mining farm in North America” in order to “source cloud mining hashrate at the best value.”
How Does Bitcoin.com Work?
Bitcoin.com works similar to other cloud mining services. You pay a fee to get started, then earn a certain amount of money from Bitcoin.com’s cloud mining operations per day.
You can purchase a wide range of cloud mining contracts from Bitcoin.com – including a lifetime cloud mining subscription.
Regardless of which package you purchase, you won’t be doing any of the cloud mining yourself. You’re paying Bitcoin.com to operate mining software on your behalf. However, if you have a miner – like an Antminer S9 or Avalon 721 – then you can connect it to the Bitcoin.com pool using their address displayed online.
After a day of mining, all the PPS shares earned that day are viewable on your account, letting you mathematically verify that you’re being paid correctly for your hashrate.
Who’s Behind Bitcoin.com’s Mining Pool?
Bitcoin.com partnered with North America’s largest bitcoin mining data center. It’s unclear where that mining center is located. However, all hashrate for the pool appears to come from that data center.
All contract sales for Bitcoin.com are handled by a dedicated pool support team. Meanwhile, the cloud mining platform was created by Bitcoin.com developer Shaun Chong under guidance from the company’s CTO, Emil Oldenburg, and Bitcoin.com’s CEO, Roger Ver.
Bitcoin.com, by the way, is operated by a Saint Kitts and Nevis-based company named Saint Bitts, LLC.
Bitcoin.com Pool Features
Bitcoin.com advertises all of the following features:
Most Profitable Pool for Miners: Bitcoin.com pays a 110% block reward and charges 0% fees for PPS and PPLNS.
Cloud Mining: You can start mining immediately even if you don’t have any mining equipment yourself. Again, you’re just paying Bitcoin.com to operate mining equipment on your behalf.
100% Guaranteed Uptime: Bitcoin.com guarantees that its servers will never go down, and claims to have 100% guaranteed uptime.
Mine BTC and BCC: Bitcoin.com calls the original Bitcoin (BTC) “Bitcoin Legacy”. In any case, the pool lets you switch between mining BTC and BCC. You can choose to mine either currency based on what’s more profitable.
Bitcoin.com Pool Pricing
Bitcoin.com has a number of different plans ranging from 12 months to a lifetime. The lifetime plans, however, are only guaranteed while profitable – so when your hashrate stops being profitable, your mining activity will stop.
You can customize the hashrate of all plans, starting at just 1 TH/s and ranging all the way up to 15,000 TH/s.
12 Month Plan (Starting at 2 TH/s): $398 USD initial cost + $0.56 daily fee ($199 per TH/s)
Lifetime Plan (Starting at 2 TH/s): $598 initial cost + $0.56 daily fee ($299 per TH/s)
The cost per TH/s is always fixed. Right now, all Bitcoin.com mining pool subscriptions charge between $200 and $300 per TH/s.
Bitcoin.com has two additional subscription plans listed, including two pre-order plans. These pre-order plans are shipping in September and October. As of early September 2017, however, all Bitcoin.com mining pool plans are listed as out of stock.
Bitcoin.com Pool Conclusion
Bitcoin.com’s mining pool doesn’t appear to be a scam – although users were initially skeptical about the “110% block reward” claim. In reality, that extra 10% of the reward comes from high transaction fees. As far as we can tell, Bitcoin.com operates a legitimate mining pool, and you can track your earnings at the end of every day.
However, that doesn’t necessarily mean that Bitcoin.com pays the highest cloud mining profits to users. ViaBTC.com’s plans have paid out more per TH/s in the past, although the major mining companies are all pretty close in terms of profit.
Ultimately, there are plenty of bitcoin cloud mining scams out there. Bitcoin.com, ViaBTC, and Hashflare are a few of the legitimate ones. Check each of these platforms before you buy to ensure you’re getting the best value for your bitcoin mining investment.