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Note: Should you cloud mine then you dont need to pick a poolthe cloud mining company does this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its security. Without miners, Bitcoin would 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 enormous amounts of mining equipment. These warehouses usually direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate.

About Antpool Antpool mined its very first block in March 2014, meaning it emerged roughly four decades following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining equipment manufacturer, and also a huge 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 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 equipment. Then you need to download mining software. If you need assistance deciding, I recommend you have a look at our hardware and software guides.

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

While Antpool does not directly charge commissions, it also does not disclose the Bitcoin transaction fees which are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward that Antpool will share with you when it finds a block. Recently, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected per cube by pools.

It can be argued that these rates prevent the support from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed prices make the service a fantastic read unwise to work with for the time being. What's the Payout Threshold The pool does not appear to have a payout threshold and overlooks every day around 10 AM UTC.

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Can you really do Solo Mining on Antpool Solo mining means that you mine to get bitcoins with no joining a pool. So if you use Antpool that 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 which have been largely disproved.

More especially, 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, 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).

Furthermore, allegations that the owner refuses to sell hardware into Segwit supporters also have begun to circulate. By using Antpool, you let the pool to decide your hardwares approach to those things, meaning that the pool that you used dictates the kind of Bitcoin protocol that your hardware uses. If you would like to decide which implementation your hardware should signal for, then you can use a pool that leaves the option to its users, such as the Slush mining pool.

The main difference between the Bitfury pool and other mining pools is the fact that Bitfury is a private pool. Bitfury, the company, makes its own mining equipment and runs its own pool. So, unlike Slush or even Antpool, Bitfury cannot be joined if you run mining hardware in your 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 bodily bitcoins and much 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 stocks Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC worth of transaction fees are also 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, just like it splits the 12.5 BTC reward.

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