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Note: If you cloud mine then you dont need to pick a pool; the cloud mining company does this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its own security. With no miners, Bitcoin would be vulnerable and easy to attack. Get this: Many Bitcoin users dont mine.

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Mining, once done on the average home , is now largely done in large, technical warehouses with massive amounts of mining hardware. 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 own Bitcoin network hash speed.

About Antpool Antpool mined its very first block in March 2014, meaning it emerged about four decades following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining hardware manufacturer, and also a huge portion of their pool is run on Bitmains own mining rigs.

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Also, Antpools user interface is surprisingly slick considering the underlying company thrives mostly from hardware sales. How to Join Antpool The pool is totally free to join and the procedure is straightforward. To begin with, you need to get Bitcoin mining hardware. 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 because it enables you to direct your hardwares hash power to the pool you prefer. So be certain to make the right choice in order to maximize your own rewards. Finally, sign up in antpool.com to get started. What are Antpools Fees Antpool asserts it does not charge any fees for using its pool.

While Antpool does not directly bill commissions, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, each Bitcoin block includes 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 a block by pools.

It go to this site can be argued that these prices prevent the support from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed prices 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 pays out daily around 10 AM UTC.

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Can you do Solo Mining on Antpool Solo mining means that you mine for bitcoins with no joining a pool. Therefore, 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's the Controversy around Antpool Antpool has refused to enable arguably beneficial upgrades to Bitcoin for reasons based on claims that have been largely disproved.

More specifically, the official site 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 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).

Moreover, allegations that the owner refuses to sell hardware into Segwit supporters also have begun to circulate. By using Antpool, you allow the pool to decide your hardwares approach to these things, 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 should signal for, then you can use a pool which leaves the option to its customers, such as the Slush mining pool.

The main difference between this Bitfury pool and other mining pools is the fact 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 at 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 why not try these out runs servers all over the world so your mining hardware can connect easily to the BTCC pool.

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Bobby Lee, BTCC CEO Shared Transaction Charges One great thing about BTCC swimming pool is that it shares Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC values of transaction fees will also be rewarded into the pool. Some pools keep these charges for themselves and DO NOT talk with their miners! BTCC evenly divides the transaction fees among its miners, only as it splits the 12.5 BTC reward.

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