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Note: Should you cloud mine then you dont need to select a pool; the cloud mining company does this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its security. With no miners, Bitcoin will be vulnerable and easy to strike. Get this: Most Bitcoin users dont mine.

 

 

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Mining, once done on the average home , is now mostly done in large, specialized warehouses with massive amounts of mining equipment. These warehouses usually direct their hashing electricity towards mining pools. Antpool Review Despite recent controversy, Antpool remains the biggest Bitcoin mining pool in terms of its Bitcoin network hash rate.

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

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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. To begin with, you need to get Bitcoin mining equipment. Then you need to download mining program. If you need help deciding, I recommend 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 would like. So make certain that you make the best choice in order to maximize your rewards. Finally, sign up in antpool.com to begin. What exactly are Antpools Fees Antpool asserts it does not charge any fees for using its pool.

Even though Antpool does not directly charge commissions, 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. Recently, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected a cube by pools.

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

 

 

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Can you really do Solo Mining on Antpool Solo mining means that you mine to get bitcoins with no joining a pool. Therefore, in the event that you use Antpool you are not solo mining by default. Generally, you will get more frequent payouts by joining a pool. What's the Controversy around Antpool Antpool has refused to enable arguably beneficial updates 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 the majority of Bitcoin users want this feature activated, Antpool, great site among other pools, seems 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 (and cofounder Jihan Wu).

Moreover, allegations that the owner refuses to sell hardware to Segwit fans have also begun to circulate. By using Antpool, you allow the pool to pick on your hardwares approach to these things, meaning that the pool which you used dictates the kind of Bitcoin protocol that your hardware uses. If you wish to select which implementation your hardware needs to signal for, you can use a pool which leaves the option to its users, 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 even Antpool, Bitfury cannot be joined in case you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated into its own pool, Bitfury sells a 16nm ASIC mining chip.

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 visit 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 Charges One good thing about BTCC swimming pool is that it shares Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC worth of transaction fees will also be rewarded to the pool. Some pools keep these charges for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction prices among its miners, just like it splits the 12.5 BTC reward.

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