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Note: Should you cloud mine then you dont need to pick a pool; the cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its security. Without 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 average home computer, is now largely 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 first block in March 2014, meaning it emerged about four decades after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and a large portion of their 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 from hardware sales. How to Join Antpool The swimming pool is totally free to join and the process is simple. To begin with, you need to acquire Bitcoin mining hardware. Then you need to download mining program. If you need help deciding, I recommend you have a look at our hardware and software manuals.

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

Even though Antpool does not directly charge commissions, it also does not disclose the Bitcoin transaction fees which are collected. Basically, clients are left in the dark. Currently, each Bitcoin block has a 12.5 BTC reward that Antpool does talk with you when it finds a block. Lately, 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 service 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 use for the time being. What's the Payout Threshold The pool does not appear 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 to get 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 is the Controversy around Antpool Antpool has vowed to enable arguably beneficial updates to Bitcoin for reasons based on promises that have been largely disproved.

More specifically, the controversy revolves around Segwit a feature which needs miner activation to be enabled. Despite the fact that most Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this attribute. Antpool began sites 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 matters, meaning that the pool that you used dictates the kind of Bitcoin protocol that your hardware uses. Should you wish to select which implementation your hardware should signal for, you can use a pool which leaves the choice to click for source its customers, 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 equipment and runs its own pool. Thus, unlike Slush or Antpool, Bitfury cannot be joined in case you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated to 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 more! Worldwide Servers BTCC runs servers all around the world so that 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 stocks Bitcoin transaction fees using its miners. In every Bitcoin block, around 1-2 BTC values of transaction prices will also be rewarded into the pool. Some pools maintain these charges for themselves and DO NOT talk with their miners! BTCC evenly divides the transaction fees among its miners, only as it divides the 12.5 BTC reward.

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