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Note: Should you cloud mine then you dont need to select a poolthe cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its own security. With no 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 largely done in large, specialized warehouses with massive amounts of mining equipment. 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 own Bitcoin network hash speed.

About Antpool Antpool mined its first block in March 2014, meaning that it emerged about four years following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining equipment manufacturer, and a huge portion of their pool is run on Bitmains own mining channels.

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Additionally, Antpools user interface is surprisingly slick considering the underlying company thrives largely from hardware sales. How to Join Antpool The pool is totally free to join and the procedure is simple. First, you need to get Bitcoin mining hardware. Then you need to download mining software. Should you need help deciding, I recommend you take a peek at our hardware and software manuals.

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

Even though Antpool does not directly bill commissions, it also does not disclose the Bitcoin transaction fees which are collected. Basically, clients are left in the dark. Currently, each Bitcoin block includes a 12.5 BTC reward that 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 cube by pools.

It can be argued that these rates prevent the service from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed that the undisclosed prices make the service unwise to work with 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 really 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 look at more info reasons based on promises which have been largely disproved.

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

Moreover, allegations that the owner refuses to sell hardware to Segwit fans also have begun to circulate. By using Antpool, you allow the pool to check my source pick your hardwares approach to these things, meaning that the pool that you used dictates the kind 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 choice to its customers, like the Slush mining pool.

The main difference between the 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 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 bodily bitcoins and much more! Worldwide Servers BTCC runs servers all over the world so that 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 pool is that it stocks Bitcoin transaction fees with its miners. In every Bitcoin block, around 1-2 BTC values of transaction prices will also be rewarded into the pool. Some pools maintain these charges for themselves and DO NOT talk with their miners! BTCC evenly divides the transaction prices among its miners, only Recommended Reading as it divides the 12.5 BTC reward.

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