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Note: If 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 crucial to Bitcoin and its security. Without miners, Bitcoin would be vulnerable and easy to strike. Get this: Many Bitcoin users dont mine.

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Mining, once done on the average 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 largest Bitcoin mining pool in terms of its own Bitcoin network hash speed.

About Antpool Antpool mined its first block in March 2014, meaning it emerged about four years after the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining hardware 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 pool is free to join and the procedure is straightforward. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. If you need help deciding, I suggest you take a look at our hardware and software manuals.

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

Even though Antpool does not directly bill fees, it also does not disclose the Bitcoin transaction fees that are collected. Fundamentally, clients are left in the dark. Currently, every Bitcoin block includes a 12.5 BTC reward which Antpool does talk 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 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 ceremony unwise to use for the time being. What's the Payout Threshold The pool does not appear 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 that you mine to get bitcoins without joining a pool. Therefore, if you use Antpool you are not solo mining by default. Generally, you will get more frequent payouts by joining a pool. What's the Controversy around Antpool Antpool has refused to enable arguably beneficial content updates to Bitcoin for reasons based on claims which have been largely disproved.

More especially, the controversy revolves around Segwit a feature 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 feature. 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 into Segwit fans have also begun to circulate. By using Antpool, you allow the pool to decide your hardwares approach to those things, meaning that the pool which 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 that leaves the option to its customers, such as the Slush mining pool.

The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or even Antpool, Bitfury cannot be joined in case you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated to its website link own 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 bodily bitcoins and much 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 stocks Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC worth of transaction fees are Check Out Your URL also rewarded into the pool. Some pools maintain these fees for themselves and DO NOT share with their miners! BTCC evenly splits the transaction prices among its miners, just like it divides the 12.5 BTC reward.

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