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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 security. Without miners, Bitcoin would be vulnerable and easy to strike. Get this: Most Bitcoin users dont mine.
Mining, once done on the ordinary home computer, is now mostly done in large, specialized warehouses with massive amounts of mining equipment. These warehouses generally direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest Bitcoin mining pool in regard to its Bitcoin network hash speed.
About Antpool Antpool mined its first block in March 2014, meaning it emerged roughly four decades following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining equipment manufacturer, and a huge 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 mostly off of hardware sales. How to Join Antpool The pool is free to join and the process is straightforward. First, you need to get Bitcoin mining equipment. Then you need to download mining software. Should you need help deciding, I suggest you take a look at our hardware and software manuals.
Software is important because it enables you to guide your hardwares hash power towards the pool you would like. So make certain that you make the right choice in order to optimize your own rewards. Finally, sign up in antpool.com to get started. What are Antpools Fees Antpool asserts that it does not cost any fees for using its pool.
Even though Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Fundamentally, 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. 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 service from being usable for 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 appear to have a payout threshold and Home Page overlooks daily around 10 AM UTC.
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Can you do Solo Mining on Antpool Solo mining means you mine to get bitcoins with no joining a pool. So if you utilize Antpool you are not solo mining by default. Generally, you will receive 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 claims which have been largely disproved.
More specifically, the controversy revolves around Segwit a feature which requires miner activation to be enabled. Despite the fact that most Bitcoin users want this feature activated, Continued Antpool, among other pools, seems 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 allow the pool to decide on your hardwares approach to these things, meaning that the pool which you used dictates the type of Bitcoin protocol your hardware uses. If you wish to decide which implementation your hardware should signal for, you can use a pool which leaves the option to its customers, such as 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. So, unlike Slush or Antpool, Bitfury cannot be joined in case you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated to its 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 bodily bitcoins and much more! Worldwide Servers BTCC runs servers all over the world so that 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 pool is the fact that it stocks Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC worth of transaction prices are also rewarded into 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 divides the 12.5 BTC reward.