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Note: Should 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 security. With no miners, Bitcoin will be vulnerable and easy to attack. Get this: Most Bitcoin users dont mine.

 

 

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Mining, once done on the ordinary home computer, is now largely done in large, technical warehouses with massive amounts of mining equipment. These warehouses usually direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash speed.

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

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Additionally, Antpools user interface is surprisingly slick considering the underlying company thrives mostly from hardware sales. How to Join Antpool The pool is totally free to join and the procedure is straightforward. 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 peek at our hardware and software manuals.

Software is important since it enables you to direct your hardwares hash electricity to the pool you prefer. So be sure to make the right choice in order to optimize your own rewards. Finally, sign up in antpool.com to get started. What are Antpools Fees Antpool asserts it does not charge any fees for using its pool.

While Antpool does not directly bill commissions, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, each Bitcoin block includes a 12.5 BTC reward which 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 collected per block by pools.

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

 

 

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Can you really do Solo Mining on Antpool Solo mining means that you mine for bitcoins without joining a pool. So if you use Antpool that you are not solo mining by default. Generally, you will receive more frequent payouts by joining a pool. What's the Controversy around Antpool Antpool has refused to enable arguably beneficial upgrades see this site to Bitcoin for reasons based on promises which have been largely disproved.

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

Furthermore, 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 those things, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware uses. Should you wish to decide which implementation your hardware needs to signal for, you can use a pool which leaves the option to its customers, like the Slush mining pool.

The main difference between the Bitfury pool and other mining pools is the fact that Bitfury is a personal pool. Bitfury, the company, makes its own mining hardware and runs its own pool. So, 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 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 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 the fact that it shares Bitcoin transaction fees using its miners. In every Bitcoin block, around 1-2 BTC values of transaction prices will also be rewarded to the pool. Some pools maintain these charges for themselves and DO NOT talk 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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