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Note: If you cloud mine then you dont need to select 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 strike. Get this: Most Bitcoin users dont mine.

 

 

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Mining, once done on the ordinary home , is now mostly done in large, specialized warehouses with enormous 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 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 also a large portion of their swimming pool is run on Bitmains own mining channels.
 

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Additionally, Antpools user interface is surprisingly slick considering the underlying company thrives mostly off of hardware sales. The way to Join Antpool The pool is free to join and the process is straightforward. First, you need to acquire Bitcoin mining equipment. Then you need to download mining software. Should you need assistance 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 to the pool you would like. So make sure that you make the best choice in order to optimize your own rewards. Finally, sign up at antpool.com to begin. What exactly are Antpools Fees Antpool asserts that it does not cost any fees for using its pool.

Even though Antpool does not directly bill fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, each Bitcoin block has a 12.5 BTC reward which Antpool will share with you when it finds a block. Lately, 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 prices prevent the support from being usable for both small-time and big-volume users. Consequently, check over here some users on bitcointalk.org heed the undisclosed fees make the ceremony unwise to use for the time being. What is the Payout Threshold The pool does not appear to get a payout threshold and pays out every day around 10 AM UTC.

 

 

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Can you do Solo Mining on Antpool Solo mining means you mine for bitcoins without joining a pool. So in the event that you use Antpool that you are not solo mining by default. Generally, you will get 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 which have been largely disproved.

More specifically, the controversy revolves around Segwit a quality which requires 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 refuses to sell hardware into Segwit supporters have also begun to circulate. By using Antpool, over at this website you let the pool to decide your hardwares approach to those matters, meaning that the pool which you used dictates the type of Bitcoin protocol your hardware employs. If you would like to decide which implementation your hardware needs to signal for, then you can use a pool which leaves the choice to its customers, like the Slush mining pool.

The main difference between the 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 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 physical 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 pool is the fact that it shares Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC go right here worth of transaction fees are also rewarded to the pool. Some pools maintain these charges for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction prices among its miners, only as it divides the 12.5 BTC reward.

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