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Note: If 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 security. Without miners, Bitcoin would be vulnerable and easy to attack. Get this: Many Bitcoin users dont mine.
Mining, once done on the average home , is now largely done in large, specialized 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 biggest Bitcoin mining pool in regard to its Bitcoin network hash speed.
About Antpool Antpool mined its first block in March 2014, meaning it emerged roughly four years following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining equipment 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 largely from hardware sales. How to Join Antpool The swimming pool is totally 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. Should you need assistance deciding, I suggest you take a look at our hardware and software guides.
Software is important because it enables you to guide your hardwares hash electricity to the pool you would like. So make certain that you make the right choice in order to maximize your rewards. Finally, sign up at antpool.com to get started. 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 that are collected. Fundamentally, clients are left in the dark. Currently, every Bitcoin block has 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 collected per 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 that the undisclosed fees 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 every day around 10 AM UTC.
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Can you really do Solo Mining on Antpool Solo mining means that you mine to get bitcoins without joining a pool. So if you utilize Antpool 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 updates to Bitcoin for reasons based on claims that have been largely disproved.
More specifically, the controversy revolves around Segwit a quality which needs miner activation to be enabled. Regardless of the fact that the majority of Bitcoin users want this feature activated, Antpool, among other pools, seems 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 won't sell hardware into Segwit fans also have begun to circulate. By using Antpool, you let the pool to pick your hardwares approach find to these matters, meaning check over here that the pool that you used dictates the type of Bitcoin protocol that your hardware employs. Should you wish to decide which implementation your hardware needs to signal for, then you can use a pool which leaves the option to its customers, like the Slush mining pool.
The main difference between the Bitfury pool and other mining pools is that Bitfury is a personal 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 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 over 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 swimming pool is Check Out Your URL that it shares Bitcoin transaction fees using its miners. In every Bitcoin block, around 1-2 BTC values of transaction fees will also be rewarded to the pool. Some pools keep these charges for themselves and DO NOT share with their miners! BTCC evenly divides the transaction fees among its miners, just like it splits the 12.5 BTC reward.