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Note: Should 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 will be vulnerable and easy to attack. Get this: Most Bitcoin users dont mine.

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Mining, once done on the average 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 rate.

About Antpool Antpool mined its very first block in March 2014, meaning that it emerged about four decades after the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest 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 largely from hardware sales. How to Join Antpool The pool is free to join and the process is straightforward. To begin with, you need to acquire Bitcoin mining equipment. Then you need to download mining software. If you need assistance deciding, I suggest you take a look at our hardware and software manuals.

Software is important because it enables you to direct your hardwares hash power to the pool you prefer. So make certain that you make the best choice in order to optimize your rewards. Finally, sign up in antpool.com to begin. What exactly are Antpools Fees Antpool asserts that it does not charge 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. Fundamentally, clients are left in the dark. Currently, every Bitcoin block includes a 12.5 BTC reward that Antpool will talk with you when it finds a block. Lately, however, Bitcoin transaction fees have discover this been rising and an additional 1-2 bitcoins are accumulated per block by pools.

It can be argued that these rates prevent the support from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed prices make the ceremony unwise to use for the time being. What is the Payout Threshold The pool does not appear to have 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 to get bitcoins without joining a pool. Therefore, if you utilize Antpool you are not solo mining by default. Generally, you will get more frequent payouts by joining a pool. What's the Controversy click here to find out more around Antpool Antpool has vowed 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 feature which needs 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 feature. 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 to Segwit fans have also begun to circulate. By using Antpool, you let the pool to decide your hardwares approach to these things, meaning that the pool that you used dictates the kind of Bitcoin protocol that your hardware employs. Should you wish to decide which implementation your hardware should 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 this Bitfury pool and other mining pools is the fact that Bitfury is a personal 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 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 find more all around 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 swimming pool is that it shares Bitcoin transaction fees using its miners. In every Bitcoin block, around 1-2 BTC worth of transaction prices are also rewarded to the pool. Some pools maintain these charges for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction fees among its miners, just as it divides the 12.5 BTC reward.

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