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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 own safety. With no 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 ordinary home , is now largely done in large, technical warehouses with enormous amounts of mining hardware. These warehouses generally direct their hashing electricity 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 first block in March 2014, meaning it emerged about four years following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining hardware manufacturer, and a huge portion of their swimming pool is run on Bitmains own mining channels.

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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 free to join and the procedure is straightforward. First, you need to get Bitcoin mining equipment. Then you need to download mining software. Should you need help deciding, I suggest you have a peek at our hardware and software guides.

Software is important since it enables you to guide your hardwares hash electricity to the pool you prefer. So make sure that you make the best choice in order to maximize your rewards. Finally, sign up in antpool.com to get started. What exactly are Antpools Fees Antpool claims that it does not cost 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. Basically, clients are left in the dark. Currently, each Bitcoin block has a 12.5 BTC reward that Antpool does share with you when it finds a block. Recently, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated per block 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 that the undisclosed prices make the ceremony unwise to work with for the time being. What's the Payout Threshold The pool does not seem to have a payout threshold and overlooks every day around 10 AM UTC.

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Can you do Solo Mining on Antpool Solo mining means you mine to get 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 is the Controversy around Antpool Antpool has refused to enable arguably beneficial updates to Bitcoin for reasons based on claims which have been largely disproved.

More specifically, the controversy revolves around Segwit a quality that needs miner activation to be enabled. Despite 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).

Furthermore, allegations that the owner won't sell hardware to Segwit fans have also begun to circulate. By using their website Antpool, you let the pool to decide your hardwares approach to those things, meaning that the pool which you used dictates the kind of Bitcoin protocol that your hardware employs. Should you would like to decide which implementation your hardware should signal for, then you can use a pool which leaves the option to its users, such as the Slush mining pool.

The main difference between the Bitfury pool and other mining pools over at this website is that Bitfury is a personal pool. Bitfury, the company, makes its own mining equipment and runs its own pool. Thus, unlike Slush or even Antpool, Bitfury cannot be joined in case you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated to 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 much more! Worldwide Servers BTCC runs servers all around 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 good thing about BTCC swimming pool is the fact that it stocks Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC worth of transaction prices will also be rewarded into the pool. Some pools maintain these fees 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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