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Note: Should you cloud mine then you dont need to pick a poolthe cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its safety. Without 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 ordinary home computer, is now mostly done in large, specialized warehouses with massive amounts of mining hardware. These warehouses generally direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the biggest Bitcoin mining pool in terms of its own Bitcoin network hash speed.

About Antpool Antpool mined its very first block in March 2014, meaning that it emerged about four years following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and a large portion of their swimming 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. The way to Join Antpool The pool is totally free to join and the process is straightforward. First, you need to acquire Bitcoin mining equipment. Then you need to download mining software. 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 power towards the pool you would like. So make certain that you make the right choice in order to optimize your rewards. Finally, sign up in antpool.com to begin. What exactly are Antpools Fees Antpool claims that it does not cost any fees for using its pool.

While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees which are collected. Fundamentally, clients are left in the dark. Currently, each Bitcoin block has a 12.5 BTC reward which 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 accumulated a 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 service unwise to work with 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 Check This Out Solo mining means that you mine for bitcoins without joining a pool. Therefore, if you utilize Antpool 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 refused 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. Regardless of the fact that the majority of Bitcoin users want this feature activated, Antpool, 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 won't sell hardware to Segwit supporters also have begun to circulate. By using Antpool, you let the pool to decide your hardwares approach to those things, meaning that the pool that you used dictates the kind of Bitcoin protocol that your hardware employs. If you would like to select which implementation your hardware needs to signal for, you can use a pool that leaves the option to its users, such as the Slush 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 equipment and runs its own pool. So, unlike Slush or even Antpool, Bitfury cannot be joined if you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated to 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 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 Fees One great 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 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 prices among its miners, only as it splits the 12.5 BTC reward.

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