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Note: If you cloud mine then you dont need to pick a pool; the 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 will be vulnerable and easy to strike. Get this: Many Bitcoin users dont mine.

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Mining, once done on the ordinary home , is now mostly done in large, specialized warehouses with massive amounts of mining equipment. These warehouses generally direct their hashing electricity towards mining pools. Antpool Review Despite recent controversy, Antpool remains the biggest Bitcoin mining pool in terms of its Bitcoin network hash speed.

About Antpool Antpool mined its very first block in March 2014, meaning that it emerged about four years after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining hardware manufacturer, and a huge portion of their swimming pool is run on Bitmains own mining rigs.

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Also, Antpools user interface is surprisingly slick considering the underlying company thrives mostly from hardware sales. The way to Join Antpool The pool is free to join and the procedure is straightforward. First, you need to acquire Bitcoin mining equipment. Then you need to download mining program. If you need assistance deciding, I suggest you take a look at our hardware and software guides.

Software is important since it enables you to guide your hardwares hash power towards the pool you would like. 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 exactly are Antpools Fees Antpool claims it does not cost any fees for using its pool.

While Antpool does not directly charge commissions, 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 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 pools.

It can be argued that these rates prevent the support from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed that the undisclosed fees make the ceremony unwise to work with for the time being. What's the Payout Threshold The pool does not appear to have a payout threshold and pays out daily around 10 top article AM UTC.

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Can you do Solo Mining on Antpool Solo mining means you mine for 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 refused 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, seems 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 into Segwit supporters also have begun to circulate. By using Antpool, you let the pool to pick your hardwares approach to those matters, meaning that the pool that you used dictates the kind of Bitcoin protocol that your hardware employs. Should you wish to select which implementation your hardware needs to signal for, you can use a pool which leaves the choice to its customers, like the Slush mining pool.

The main difference between this Bitfury pool and other mining pools is the fact 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 if you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated to its own 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 bodily 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 Charges One great thing about BTCC swimming pool is that it shares Bitcoin transaction fees with 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, only like it splits the 12.5 BTC reward.

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