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Note: If you cloud mine then you dont need to pick a poolthe cloud mining company does this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its own security. Without miners, Bitcoin will be vulnerable and easy to strike. Get this: Most Bitcoin users dont mine.
Mining, once done on the average home , is now largely done in large, specialized warehouses with enormous amounts of mining hardware. These warehouses usually direct their hashing electricity 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 about four decades after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and 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 that the underlying company thrives largely off of hardware sales. How to Join Antpool The swimming pool is totally 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 help deciding, I suggest you have a look at our hardware and software guides.
Software is important because it enables you to direct your hardwares hash power towards the pool you would like. So be sure that you make the right choice in order to optimize your rewards. Finally, sign up at antpool.com to get started. What exactly are Antpools Fees Antpool claims it does not charge any fees for using its pool.
Even though Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees which are collected. Basically, clients are left in the dark. Currently, each Bitcoin block has a 12.5 BTC reward that Antpool does share with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated a block by pools.
It can be argued that these prices 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 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 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 without joining a pool. So if you use Antpool that you are not solo mining by default. Generally, you will receive more frequent payouts by joining a pool. What's 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 especially, the controversy revolves around Segwit a quality that requires 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 also have begun to circulate. By using Antpool, you let the pool to pick your hardwares approach to these things, meaning that the pool which you used dictates the kind of Bitcoin protocol your hardware employs. If you wish to decide which implementation your hardware needs to signal for, then you can use a pool which leaves the choice 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. Thus, unlike Slush or Antpool, Bitfury cannot be joined in case you run mining hardware at 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 physical bitcoins and much more! Worldwide Servers BTCC runs servers all around the world so your mining hardware can connect easily explanation to the BTCC pool.
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Bobby Lee, BTCC CEO Shared Transaction Charges One good thing about BTCC pool is the fact that it shares Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC worth of transaction fees will also be rewarded to the pool. Some pools keep these fees for themselves and DO NOT share with their miners! BTCC evenly divides the transaction fees among its miners, only as it splits the 12.5 BTC reward.