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Note: Should you cloud mine then you dont need to pick a pool; the cloud mining company does this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its own safety. Without 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 mostly done in large, specialized warehouses with massive 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 first block in March 2014, meaning that it emerged about four decades after the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining equipment manufacturer, and also a large portion of their swimming 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 off of hardware sales. The way to Join Antpool The swimming pool is totally free to join and the process is simple. First, you need to acquire Bitcoin mining equipment. Then you need to download mining program. If you need help deciding, I suggest you take a look at our hardware and software guides.

Software is important because it enables you to guide your hardwares hash electricity towards the pool you prefer. So be certain to make the right choice in order to maximize your own rewards. Finally, sign up in antpool.com to begin. What are Antpools Fees Antpool claims it does not cost any fees for using its pool.

Even though Antpool does not directly bill fees, 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 collected a cube 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 that the undisclosed fees make the service unwise to work with for the time being. What's the Payout Threshold The pool does not appear to get 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 you mine for bitcoins helpful site with no 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's 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 feature 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 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).

Furthermore, allegations that the owner won't sell hardware into Segwit supporters also have begun to look at more info circulate. By using Antpool, you allow the pool to decide on your hardwares approach to these matters, meaning that the pool which you used dictates the kind of Bitcoin protocol your hardware employs. If you wish to select which implementation your hardware should signal for, you can use a pool that leaves the option to its users, like the Slush mining pool.

The main difference between this Bitfury pool and other mining pools is that Bitfury is a personal pool. Bitfury, the company, makes its own mining hardware and runs its own pool. Thus, unlike Slush or Antpool, Bitfury cannot be joined in case you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated into 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 that your mining equipment can connect easily to the BTCC pool.

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Bobby Lee, BTCC CEO Shared Transaction Fees One good thing about BTCC pool is the fact that it stocks Bitcoin transaction fees using 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, just like it splits the 12.5 BTC reward.

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