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Note: If you cloud mine then you dont need to select a pool; the cloud mining company does this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its safety. Without miners, Bitcoin will be vulnerable and easy to attack. Get this: Many Bitcoin users dont mine.
Mining, once done on the average home , is now largely done in large, technical warehouses with massive 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 terms of its Bitcoin network hash rate.
About Antpool Antpool mined its first block in March 2014, meaning that it emerged about four decades following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and also a huge portion of their pool is run on Bitmains own mining channels.
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Additionally, 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 process is straightforward. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. Should you need help deciding, I suggest you have a peek at our hardware and software manuals.
Software is important because it enables you to guide your hardwares hash power towards the pool you would like. So make sure that you make the right choice in order to maximize your rewards. Finally, sign up in antpool.com to begin. What exactly are Antpools Fees Antpool claims it does not charge any fees for using its pool.
While Antpool does not directly bill fees, it also does not disclose the Bitcoin transaction fees which are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward which Antpool does 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 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 seem to have a payout threshold and pays out every day around 10 AM UTC.
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Can you do Solo Continue Mining on Antpool Solo mining means you mine for bitcoins with no joining a pool. Therefore, if you use Antpool that you are not solo mining by default. Generally, you will get more frequent payouts by joining a pool. What's the Controversy around Antpool Antpool has refused to enable arguably beneficial upgrades to Bitcoin for reasons based on promises that have been largely disproved.
More see it here specifically, the controversy revolves around Segwit a feature that 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 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 refuses to sell hardware into Segwit fans also have begun to circulate. By using Antpool, you let the pool to pick your hardwares approach to those matters, meaning that the pool that you used dictates the type of Bitcoin protocol your hardware employs. Should you wish to select which implementation your hardware needs to signal for, you can use a pool that leaves the choice to its customers, such as the Slush mining pool.
The main difference between this Bitfury pool and other mining pools is 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 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 physical bitcoins and more! Worldwide Servers this post 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 Charges One good thing about BTCC pool is the fact that it shares Bitcoin transaction fees with its miners. In every Bitcoin block, around 1-2 BTC worth of transaction prices are also rewarded into the pool. Some pools keep these fees for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction prices among its miners, just as it divides the 12.5 BTC reward.