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Note: If you cloud mine then you dont need to select a poolthe cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its own security. With no miners, Bitcoin would be vulnerable and easy to attack. Get this: Most Bitcoin users dont mine.

Mining, once done on the average home computer, is now mostly done in large, specialized warehouses with enormous amounts of mining equipment. These warehouses usually direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the biggest Bitcoin mining pool in regard to its own Bitcoin network hash speed.

About Antpool Antpool mined its very first block in March 2014, meaning it emerged about four decades following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and a huge 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. The way to Join Antpool The swimming pool is free to join and the procedure is simple. 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 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 best choice in order to optimize your rewards. Finally, sign up in antpool.com to begin. What exactly are Antpools Fees Antpool claims it does not charge any fees for using its pool.

Even though Antpool does not directly charge commissions, it also does not disclose the Bitcoin transaction fees which are collected. Fundamentally, clients are left in the dark. Currently, each Bitcoin block includes a 12.5 BTC reward which Antpool will share with you when it finds a block. Recently, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated per block by More Bonuses 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 prices make the ceremony unwise to use for the time being. What is the Payout Threshold The pool does not seem to have a payout threshold and pays out 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. Therefore, if you use Antpool 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 vowed to enable arguably beneficial upgrades to Bitcoin for reasons based on claims which have been largely disproved.

More especially, the controversy revolves around Segwit a feature that 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).

Moreover, allegations that the owner refuses to sell hardware to Segwit fans also have begun to circulate. By using Antpool, you allow the pool to decide your hardwares approach to these things, meaning that the pool that you used dictates the type of Bitcoin protocol your hardware uses. If you wish to select which implementation your hardware should signal for, then you can use a pool which leaves the choice to its customers, like the Slush mining pool.

The main difference between the Bitfury pool and other mining pools is the fact 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 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 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 swimming pool is the fact that it stocks Bitcoin transaction fees using its miners. In every Bitcoin block, around 1-2 BTC worth of transaction prices are also rewarded into the pool. Some pools keep these charges for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction fees among its miners, just like it splits the 12.5 BTC reward.