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Note: Should you cloud mine then you dont need to pick a poolthe cloud mining company does this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its own security. With no miners, Bitcoin would 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 largely done in large, specialized 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 biggest 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 about four decades following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and also 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 that the underlying company thrives mostly off of hardware sales. The way to Join Antpool The swimming pool is free to join and the process is straightforward. To begin with, you need to acquire Bitcoin mining equipment. Then you need to download mining software. Should you need assistance deciding, I recommend you take 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 be sure that you make the best choice in order to optimize your own rewards. Finally, sign up in antpool.com to get started. What are Antpools Fees Antpool asserts that 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 has a 12.5 BTC reward that Antpool does share with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected a cube by pools.

It can be argued that these rates prevent the service from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed that 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 have a payout threshold and pays out 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. Therefore, if you utilize Antpool 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 claims which have been largely disproved.

More specifically, the controversy revolves around Segwit a quality which requires 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 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 these matters, meaning that the pool which you used dictates the type of Bitcoin protocol that your hardware employs. If 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. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware in your 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, about his prints bodily bitcoins and much more! Worldwide Servers BTCC runs servers all over 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 great thing about BTCC pool is the fact that it shares Bitcoin transaction fees using its miners. In every Bitcoin block, around 1-2 BTC values of transaction fees are also rewarded into the pool. Some pools keep these charges for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction fees among its miners, just like it splits the 12.5 BTC reward.

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