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Note: If 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 crucial to Bitcoin and its security. Without miners, Bitcoin will be vulnerable and easy to attack. Get this: Most 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 generally direct their hashing electricity towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash speed.

About Antpool Antpool mined its first block in March 2014, meaning that it emerged about four decades after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining equipment manufacturer, and 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. How to Join Antpool The swimming pool is totally free to join and the process is simple. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. If you need assistance deciding, I suggest you take a look at our hardware and software guides.

Software is important since it enables you to direct your hardwares hash electricity towards the pool you would like. So make sure that you make the best choice in order to maximize your own rewards. Finally, sign up in antpool.com to begin. What are Antpools Fees Antpool claims 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. Fundamentally, clients are left in the dark. Currently, every Bitcoin block includes 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 accumulated a block by pools.

It can be argued that these rates prevent the service from being usable for both small-time and big-volume users. visit our website Consequently, some users on bitcointalk.org heed the undisclosed prices make the service 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 daily around 10 AM UTC.

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Can you do Solo Mining on Antpool Solo mining means that 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 receive more frequent payouts by joining a pool. What is 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 especially, the controversy revolves around Segwit a feature that needs miner activation to be enabled. Regardless of 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 refuses to sell hardware to Segwit supporters have also begun to circulate. By using Antpool, you allow the pool to pick on your hardwares approach to these matters, meaning that the pool which you used dictates the type of Bitcoin protocol your hardware uses. Should you wish to decide which implementation your hardware should signal for, then you can use a pool which leaves the option to its customers, like the Slush mining pool.

The main difference between this Bitfury pool and other mining pools is the fact that Bitfury is a personal pool. Bitfury, the company, makes its own mining equipment and runs its own pool. Thus, unlike Slush or Antpool, Bitfury cannot be joined in case 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, prints physical bitcoins and 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 good thing about BTCC swimming pool is the fact that it shares Bitcoin transaction fees using its miners. In each 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 divides the 12.5 BTC reward.

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