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Note: Should you cloud mine then you dont need to select a pool; the cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its own 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 , is now mostly done in large, technical warehouses with massive amounts of mining hardware. These warehouses generally direct their hashing electricity towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its own Bitcoin network hash speed.

About Antpool Antpool mined its first block in March 2014, meaning that it emerged roughly four decades following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining hardware manufacturer, and a large portion of their pool is run on Bitmains own mining channels.

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Additionally, Antpools user interface is surprisingly slick considering the underlying company thrives mostly off of hardware sales. How to Join Antpool The pool is totally free to join and the process is straightforward. First, you need to acquire Bitcoin mining equipment. Then you need to download mining program. Should you need help deciding, I recommend you take a peek at our hardware and software guides.

Software is important since it enables you to guide your hardwares hash electricity to the pool you prefer. So be sure to make the best choice in order to maximize your own rewards. Finally, sign up in antpool.com to get started. What exactly 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 which are collected. Basically, clients are left in the dark. Currently, each Bitcoin block includes a 12.5 BTC reward that Antpool does talk with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated per cube by pools.

It can be argued that these prices prevent the support from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed fees make the service unwise to use for the time being. What's 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. So 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 refused to enable arguably beneficial updates to Bitcoin for reasons based on claims that have been largely disproved.

More especially, 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 supporters also have begun to circulate. By using Antpool, you allow the pool to pick on your hardwares approach to those matters, meaning that the pool which you used dictates the type of Bitcoin protocol that your hardware uses. Should you his explanation wish to select which implementation your hardware needs to signal for, you can use a pool which leaves the option to its users, 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 if you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated to its own 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 bodily bitcoins and more! Worldwide Servers BTCC runs servers 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 Fees One great thing about BTCC pool is that it stocks Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC values of transaction fees will also be rewarded into the pool. Some pools keep these fees for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction prices among its miners, just like it splits the 12.5 BTC reward.

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