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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 critical to Bitcoin and its security. With no 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, specialized warehouses with enormous amounts of mining hardware. These warehouses generally direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the biggest Bitcoin mining pool in regard to its Bitcoin network hash rate.

About Antpool Antpool mined its very first block in March 2014, meaning it emerged roughly four years following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining equipment manufacturer, and 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 the underlying company thrives mostly from hardware sales. How to Join Antpool The pool is 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 assistance deciding, I recommend you take a look at our hardware and software manuals.

Software is important since it enables you to direct your hardwares hash power towards the pool you would like. So make sure that you make the right choice in order to optimize your own rewards. Finally, sign up at antpool.com to begin. What are Antpools Fees Antpool asserts it does not charge any fees for using its pool.

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

It can be argued that these rates prevent the service from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed fees make the service unwise to use for the time being. What's the Payout Threshold The pool does not seem to get a payout threshold and pays out 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, in the event that 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 claims that have been largely disproved.

More specifically, the controversy revolves around Segwit a quality that needs miner activation to be enabled. Despite 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 won't sell hardware to try this Segwit fans also have begun to circulate. By using Antpool, you let the pool to decide on your hardwares approach to these things, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware employs. Should you wish to select which implementation your hardware should signal for, you can use a pool which leaves the option to its users, like 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 hardware and runs its own pool. Thus, 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 visit site 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 your mining hardware can connect easily to the BTCC pool.

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Bobby Lee, discover this BTCC CEO Shared Transaction Charges One great thing about BTCC swimming pool is that it stocks Bitcoin transaction fees with its miners. In every Bitcoin block, around 1-2 BTC values of transaction fees are also rewarded into the pool. Some pools keep these fees for themselves and DO NOT share 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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