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Note: If you cloud mine then you dont need to select a pool; the cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its security. Without miners, Bitcoin will be vulnerable and easy to strike. Get this: Many Bitcoin users dont mine.

 

 

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Mining, once done on the average home computer, is now largely done in large, specialized warehouses with enormous amounts of mining hardware. These warehouses usually direct their hashing power 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 first block in March 2014, meaning it emerged about four years after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining equipment manufacturer, and a huge portion of their pool is run on Bitmains own mining rigs.
 

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Additionally, Antpools user interface is surprisingly slick considering that the underlying company thrives largely off of hardware sales. The way to Join Antpool The pool is totally free to join and the process is simple. To begin with, you need to acquire Bitcoin mining equipment. Then you need to download mining software. Should you need assistance deciding, I suggest you have a look at our hardware and software guides.

Software is important since it enables you to direct your hardwares hash electricity to the pool you prefer. So make certain that you make the right choice in order to maximize your rewards. Finally, sign up at antpool.com to begin. What are Antpools Fees Antpool claims it does not cost any fees for using its pool.

While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Fundamentally, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward that Antpool will share with you when it finds a block. Recently, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated per block by pools.

It can be argued that these prices prevent the support from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed that the undisclosed fees make the ceremony unwise to work with for the time being. What is the Payout Threshold The pool does not appear look at this now 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 that you mine to get bitcoins without joining a pool. So if you utilize Antpool 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 vowed to enable arguably beneficial upgrades to Bitcoin for reasons based on claims which have been largely disproved.

More specifically, the controversy revolves around Segwit a feature which needs miner activation to be enabled. Regardless of the fact that most Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this attribute. Antpool began signaling for Bitcoin Unlimited in early March 2017 for reasons that have not been elucidated by Bitmain CEO website link (and cofounder Jihan Wu).

Furthermore, allegations that the owner refuses to sell hardware into Segwit fans have also begun to circulate. By using Antpool, you let the pool to decide your hardwares approach to these matters, meaning that the pool which you used dictates the type of Bitcoin protocol your hardware uses. If you wish to decide which implementation your hardware should signal for, you can use a pool which leaves the option to its customers, such as the Slush mining pool.

The main difference between the Bitfury pool and other mining pools is that Bitfury is a personal pool. Bitfury, the company, makes its own mining equipment and runs its own pool. Thus, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated look at here into its own 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 bodily bitcoins and much more! Worldwide Servers BTCC runs servers all around the world so your mining hardware can connect easily to the BTCC pool.

 

 

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Bobby Lee, BTCC CEO Shared Transaction Fees 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 values of transaction prices are also rewarded to the pool. Some pools maintain these fees for themselves and DO NOT share with their miners! BTCC evenly divides the transaction prices among its miners, only as it divides the 12.5 BTC reward.

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