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Note: If you cloud mine then you dont need to pick a pool; the cloud mining company does this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its own safety. Without miners, Bitcoin will be vulnerable and easy to strike. 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, technical warehouses with massive amounts of mining equipment. These warehouses usually direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate.

About Antpool Antpool mined its first block in March 2014, meaning that it emerged roughly four years following the initial 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 rigs.

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Additionally, Antpools user interface is surprisingly slick considering the underlying company thrives mostly from hardware sales. How to Join Antpool The pool is free to join and the procedure is straightforward. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. Should you need assistance deciding, I recommend you have a peek at our hardware and software guides.

Software is important since it enables you to guide your hardwares hash electricity towards the pool you prefer. So be certain that you make the best choice in order to maximize your own rewards. Finally, sign up at antpool.com to get started. What are Antpools Fees Antpool asserts it does not charge any fees for using its pool.

While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, 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. 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 rates prevent the service from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed fees 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 daily around 10 AM UTC.

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Can you do Solo Mining on Antpool Solo mining means that you mine for bitcoins with no joining a pool. So in the event that you utilize Antpool that 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 vowed 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 feature that needs miner activation to be enabled. Despite the fact that the majority of Visit Your URL 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 to Segwit supporters also have begun to circulate. By using Antpool, you allow the pool to pick your hardwares approach to these matters, meaning that the pool which you used dictates the kind of Bitcoin protocol your hardware uses. Should you wish to decide which implementation your hardware should 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 equipment and runs its own pool. So, unlike Slush or even Antpool, Bitfury cannot be joined in case you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated to 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 hardware can connect easily 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 with its miners. In each Bitcoin block, around 1-2 BTC worth of transaction prices are also rewarded to 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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