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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 critical to Bitcoin and its safety. With no miners, Bitcoin would 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 largely 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 own Bitcoin network hash rate.

About Antpool Antpool mined its very first block in March 2014, meaning it emerged about four years 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 pool is run on Bitmains own mining channels.

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Also, Antpools user interface is surprisingly slick considering that the underlying company thrives largely from hardware sales. The way to Join Antpool The pool is totally free to join and the procedure is straightforward. To begin with, you need to acquire Bitcoin mining equipment. Then you need to download mining software. 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 to the pool you would like. So be certain that you make the best choice in order to maximize your 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.

Even though Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees which are collected. Fundamentally, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward that Antpool will share with you when it finds a block. Lately, however, Bitcoin transaction fees have check my blog been rising and an additional 1-2 bitcoins are collected a 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 work with for the time being. What is 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 that you mine for bitcoins without 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 upgrades to Bitcoin for reasons based on promises that have been largely disproved.

More specifically, the controversy revolves around Segwit a quality which requires miner activation to be enabled. Despite 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).

Moreover, allegations that the owner refuses to sell hardware into Segwit fans have also begun to circulate. By using Antpool, you let the pool to pick your hardwares approach to those matters, meaning that the pool which you used dictates the kind of Bitcoin protocol that your hardware uses. If you would like to decide which implementation your hardware needs to signal for, then you can use a pool that leaves the option to its users, 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 equipment 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 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 more! Worldwide Servers BTCC runs servers all around the world so that your mining hardware 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 that it stocks Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC worth of transaction fees are also rewarded into the pool. Some pools keep these fees for themselves and DO NOT talk with their miners! BTCC evenly divides the transaction fees among its miners, just like it divides the 12.5 BTC reward.

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