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Note: If you cloud mine then you dont need to pick a poolthe cloud mining company does this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its own safety. Without miners, Bitcoin would be vulnerable and easy to strike. Get this: Many Bitcoin users dont mine.

 

 

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Mining, once done on the ordinary home computer, is now mostly done in large, technical warehouses with enormous amounts of mining equipment. These warehouses generally direct their hashing electricity towards mining pools. Antpool Review Despite recent controversy, Antpool remains the biggest Bitcoin mining pool in regard to its own Bitcoin network hash speed.

About Antpool Antpool mined its very first block in March 2014, meaning it emerged roughly four years following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining equipment manufacturer, and also a large portion of their pool is run on Bitmains own mining channels.
 

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Also, Antpools user interface is surprisingly slick considering that the underlying company thrives mostly from hardware sales. How to Join Antpool The pool is free to join and the process is simple. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. If you need assistance deciding, I recommend you take a peek at our hardware and software guides.

Software is important because it enables you to guide your hardwares hash power towards the pool you prefer. So be certain to make the right choice in order to optimize your rewards. Finally, sign up at antpool.com to get started. What exactly are Antpools Fees Antpool claims it does not charge any fees for using its pool.

Even though Antpool does not directly bill fees, it also does not disclose the Bitcoin transaction fees that are collected. Fundamentally, clients are left in the dark. Currently, every Bitcoin block includes a 12.5 BTC reward that Antpool will talk with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated a block by pools.

It can be argued that these rates prevent the service from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed fees make the service unwise to use for the time being. What's the Payout Threshold The pool does not seem to have a payout threshold and pays out every day around 10 AM UTC.

 

 

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Can you do Solo Mining on Antpool Solo mining means you mine for bitcoins with no joining a pool. So in the event that you utilize Antpool that you are not solo mining by default. Generally, you will receive more frequent payouts by joining a pool. What is the Controversy around Antpool Antpool has refused to enable arguably beneficial upgrades to Bitcoin for reasons based on claims that have been largely disproved.

More especially, the controversy revolves around Segwit a feature that requires miner activation to be enabled. Despite the fact that most Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this feature. Antpool began signaling for Bitcoin Unlimited in early March 2017 for reasons Our site that have not been elucidated by Bitmain CEO (and cofounder Jihan Wu).

Furthermore, allegations that the owner won't sell hardware to Segwit fans also have begun to circulate. By using Antpool, you allow the pool to decide your hardwares approach to those things, meaning that the pool which you used dictates the type of Bitcoin protocol your hardware employs. Should you wish to select which implementation your hardware needs to signal for, you can use a pool that leaves the choice to its users, like the Slush mining pool.

The main difference between this Bitfury pool and other mining pools is the view it now fact that Bitfury is a personal pool. Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated to its pool, Bitfury sells a 16nm ASIC mining processor.

Valery Vavilov, CEO of BitFury BTCC Mining Pool Review BTCC Mining Pool is run by BTCC, a Bitcoin company based in China. The company also runs a Bitcoin exchange, wallet, prints physical bitcoins and much more! Worldwide Servers BTCC runs servers all over the world so your mining hardware can connect easily to the BTCC pool.

 

 

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Bobby Lee, BTCC CEO Shared Transaction Charges One good thing about BTCC swimming pool is that it shares Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC worth of transaction fees are also rewarded into the pool. Some pools maintain these charges for themselves and DO NOT talk with their miners! BTCC evenly divides the transaction fees among its miners, only as it splits the 12.5 BTC reward.

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