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Note: Should you cloud mine then you dont need to pick a pool; the cloud mining company does 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 strike. 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, specialized warehouses with massive amounts of mining hardware. These warehouses usually 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 rate.

About Antpool Antpool mined its first block in March 2014, meaning that it emerged roughly four decades following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining hardware 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 that the underlying company thrives largely off of hardware sales. How to Join Antpool The swimming pool is totally free to join and the procedure is straightforward. First, you need to get Bitcoin mining equipment. Then you need to download mining program. If you need assistance deciding, I suggest you take a peek 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 be certain to make the best choice in order to optimize your own rewards. Finally, sign up at antpool.com to get started. What are Antpools Fees Antpool claims it does not charge any fees for using its pool.

Even though Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees which are collected. Basically, clients are left in the dark. Currently, every Bitcoin block includes 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 collected per cube by pools.

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

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Can you do Solo Mining on Antpool Solo mining means you mine to get bitcoins without joining a pool. So in the event that you utilize Antpool 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 vowed to enable arguably beneficial upgrades to Bitcoin for reasons based on promises which have been largely disproved.

More specifically, the controversy revolves around Segwit a quality that needs 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).

Furthermore, allegations that the owner won't sell hardware to Segwit supporters also have begun to circulate. By using Antpool, you let the pool to decide on your hardwares approach to these things, meaning that the pool which you used dictates the type of Bitcoin protocol your hardware uses. If you wish to select which implementation your hardware needs to signal for, then you can use a pool that leaves the choice to its customers, like the Slush blog mining pool.

The main difference between this Bitfury pool and other mining pools is 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 in case you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated into 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 bodily bitcoins and more! Worldwide Servers BTCC runs servers all around the world so that your mining equipment 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 stocks Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC worth 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 splits the transaction fees among its miners, only as it divides the 12.5 BTC reward.

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