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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 own safety. With no miners, Bitcoin will be vulnerable and easy to attack. Get this: Many Bitcoin users dont mine.

 

 

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Mining, once done on the average home computer, is now mostly done in large, technical warehouses with enormous amounts of mining equipment. These warehouses generally direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the biggest Bitcoin mining pool in regard to its 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 swimming pool is run on Bitmains own mining channels.
 

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Also, Antpools user interface is surprisingly slick considering 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 straightforward. To begin with, you need to acquire Bitcoin mining equipment. Then you need to download mining software. Should you need help deciding, I recommend you have a look at our hardware and software guides.

Software is important since it enables you to guide your hardwares hash power towards the pool you would like. So make sure to make the best choice in order to maximize your rewards. Finally, sign up in antpool.com to begin. What are Antpools Fees Antpool asserts 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, each Bitcoin block has a 12.5 BTC reward which Antpool does talk with you when it finds a block. Recently, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated per cube by pools.

It can be argued that these rates prevent the support from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed that the undisclosed prices make the service unwise to work with for the time being. What is the Payout Threshold The pool does not appear 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 without joining a pool. So if you use Antpool you are not solo mining by default. Generally, you will get more frequent payouts by joining a pool. What is the Controversy around Antpool Antpool has vowed to enable arguably beneficial updates to Bitcoin for reasons based on claims that have been largely disproved.

More specifically, the controversy revolves around Segwit a feature that requires miner activation to be enabled. Regardless of the fact that the majority of 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 that have not been elucidated by Bitmain CEO (and cofounder Jihan Wu).

Moreover, allegations that the owner won't sell hardware to Segwit supporters also have begun to circulate. By using Antpool, you allow the pool to decide on your hardwares approach to these matters, meaning that the pool which you used dictates the type of Bitcoin protocol your hardware employs. Should you wish to decide which implementation your hardware needs to signal for, you useful link can use a pool which leaves the choice to its users, such as the Slush mining pool.

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

 

 

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Bobby Lee, BTCC CEO Shared Transaction Charges One great thing about BTCC pool is the fact that it stocks Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC values of transaction fees will also be rewarded into the pool. Some pools keep these fees for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction fees among its miners, just like it splits the 12.5 BTC reward.

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