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Note: If you cloud mine then you dont need to pick a pool; the cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its safety. Without miners, Bitcoin would be vulnerable and easy to strike. 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 massive amounts of mining hardware. These warehouses generally direct their hashing electricity towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest Bitcoin mining pool in regard to its own Bitcoin network hash rate.

About Antpool Antpool mined its very first block in March 2014, meaning it emerged about four years following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining equipment manufacturer, and also a large portion of their swimming 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. The way to Join Antpool The pool is free to join and the procedure is straightforward. First, you need to acquire Bitcoin mining equipment. Then you need to download mining software. If you need help deciding, I suggest you have a look at our hardware and software manuals.

Software is important since it enables you to guide your hardwares hash power towards the pool you would like. So make certain to make the right choice in order to optimize your own rewards. Finally, sign up at antpool.com to get started. What 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 that are collected. Basically, clients are left in the dark. Currently, each Bitcoin block has a 12.5 BTC reward which Antpool does share with you when it finds a block. Recently, 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 prices prevent the support 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 is the Payout Threshold The pool does not seem to get 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 for bitcoins without joining a pool. So in the event that you use 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 upgrades to Bitcoin for 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. 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 won't sell hardware into Segwit fans have also begun to circulate. By using Antpool, you allow the pool to decide on your hardwares approach to these matters, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware uses. If you would like to select which implementation your hardware needs to signal for, then you can use a pool which leaves the choice to its users, like 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 if you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated to its 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 that your mining hardware 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 that it shares Bitcoin transaction fees using its miners. In basics every Bitcoin block, around 1-2 BTC worth of transaction fees will also be rewarded to the pool. Some pools maintain these charges for themselves and DO NOT share with their miners! BTCC evenly divides the transaction fees among its miners, only like it splits the 12.5 BTC reward.

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