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Note: Should you cloud mine then you dont need to pick a pool; the cloud mining company will do 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 strike. Get this: Most Bitcoin users dont mine.

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Mining, once done on the ordinary home computer, is now largely done in large, technical warehouses with enormous 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 own Bitcoin network hash rate.

About Antpool Antpool mined its very first block in March 2014, meaning that it emerged about four decades after the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining equipment manufacturer, and a large 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 largely from 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. If you need help deciding, I recommend you have a peek at our hardware and software guides.

Software is important because it enables you to guide your hardwares hash power to the pool you prefer. So be sure to make the best choice in order to optimize your rewards. Finally, sign up in antpool.com to begin. What exactly are Antpools Fees Antpool claims that it does not charge any fees for using its pool.

While 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, each Bitcoin block has a 12.5 BTC reward which 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 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 the undisclosed fees make the service unwise to work with for the time being. What is 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 you mine for bitcoins with no joining a pool. So in the event that you use Antpool 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 refused to enable arguably beneficial updates to Bitcoin for reasons based on promises that have been largely disproved.

More specifically, the controversy revolves around Segwit a quality that needs miner activation to be enabled. Regardless of the fact that most 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).

Furthermore, allegations that the owner won't sell hardware to Segwit fans have also begun to circulate. By using Antpool, you allow the pool to pick on your hardwares approach to those matters, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware employs. If you wish to decide which implementation your hardware needs to signal for, you can use a pool which leaves the choice to its users, like the Slush mining pool.

The main difference between this Bitfury pool and other mining pools is that Bitfury is a personal pool. Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or even Antpool, Bitfury cannot be joined if you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated into its own pool, Bitfury sells address 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 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 swimming pool is the fact that it shares Bitcoin transaction fees using its miners. In every Bitcoin block, around 1-2 BTC values of transaction prices will also be rewarded to the pool. Some pools keep these charges for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction prices among its miners, just as it splits the 12.5 BTC reward.

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