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Note: If you cloud mine then you dont need to pick a poolthe cloud mining company does this automatically. Why are Miners Important Bitcoin miners are crucial 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 computer, is now mostly done in large, technical warehouses with enormous amounts of mining hardware. These warehouses usually direct their hashing electricity towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest 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 after the initial 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 rigs.

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Also, Antpools user interface is surprisingly slick considering the underlying company thrives largely off of hardware sales. The way to Join Antpool The pool is totally free to join and the process is simple. First, you need to get Bitcoin mining hardware. Then you need to download mining program. Should you need help deciding, I recommend you have a look at our hardware and software manuals.

Software is important since it enables you to direct your hardwares hash power to the pool you would like. So be sure to 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 that it does not cost any fees for using its pool.

Even though Antpool does not directly bill commissions, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, each 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 both 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 is the Payout Threshold The pool does not appear to have a payout threshold and overlooks daily 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 with no joining a pool. So if you utilize Antpool that 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 claims that have been largely disproved.

More especially, the controversy revolves around Segwit a quality which needs miner activation to be enabled. Despite 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 refuses to sell hardware into Segwit supporters also have begun to circulate. By using Antpool, you allow the pool to pick on go to these guys your hardwares approach to these matters, meaning that the pool that you used dictates the type of Bitcoin protocol your hardware employs. Should you would like to decide which implementation your hardware needs to signal for, you can use a pool that 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 equipment and runs its own pool. So, unlike Slush or even Antpool, Bitfury cannot be joined if you run mining hardware at 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 over the world so your mining equipment 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 each Bitcoin block, around 1-2 BTC worth of transaction prices are also 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 as it divides the 12.5 BTC reward.

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