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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 security. With no miners, Bitcoin will be vulnerable and easy to attack. 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 hardware. These warehouses generally 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 very first block in March 2014, meaning it emerged roughly four decades after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining hardware manufacturer, and also a huge 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 from hardware sales. How to Join Antpool The swimming pool is totally free to join and the procedure is straightforward. To begin with, you need to get Bitcoin mining equipment. Then you need to download mining software. If you need assistance deciding, I suggest you have 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 make certain to make the right choice in order to optimize your rewards. Finally, sign up at antpool.com to begin. What exactly are Antpools Fees Antpool claims that 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 that are collected. Fundamentally, clients are left in the dark. Currently, every Bitcoin block includes a 12.5 BTC reward which 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 collected per block by pools.

It can be argued that these rates prevent the service from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed fees make the service unwise to work with for the time being. What's the Payout Threshold The pool does not seem 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 you mine to get bitcoins without joining a pool. Therefore, 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 refused to enable arguably beneficial upgrades to Bitcoin for reasons based on claims which have been largely disproved.

More specifically, the controversy revolves around Segwit a feature which requires 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).

Furthermore, allegations that the owner won't sell hardware into Segwit fans also have begun to circulate. By using Antpool, you let the pool to decide your hardwares approach to those matters, meaning that the pool that you used dictates the type of Bitcoin protocol your hardware employs. If you would like to select which implementation your hardware needs to signal for, you can use a pool which leaves the option to its users, like the Slush mining pool.

The main difference between this 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 if you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated into 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 linked here 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 that your mining hardware can connect easily to the BTCC pool.

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Bobby Lee, BTCC CEO Shared Transaction Fees One good thing about BTCC swimming pool is that it shares Bitcoin transaction fees with its miners. In every Bitcoin block, around 1-2 BTC values of transaction fees will also be rewarded into the pool. Some pools maintain these fees for themselves and DO NOT share with their miners! BTCC evenly splits the transaction fees among its miners, only as it divides the 12.5 BTC reward.

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