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Note: If you cloud mine then you dont need to select a pool; the cloud mining company does 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.
Mining, once done on the ordinary home computer, is now mostly done in large, specialized warehouses with enormous 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 regard to its own Bitcoin network hash speed.
About Antpool Antpool mined its first block in March 2014, meaning it emerged roughly four years following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest 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 mostly off of hardware sales. How to Join Antpool The swimming pool is free to join and the procedure is straightforward. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. Should you need assistance 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 power to the pool you prefer. So make sure that you make the best choice in order to optimize your rewards. Finally, sign up in 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 charge fees, it also does not disclose the Bitcoin transaction fees which are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward which 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 a block by pools.
It can be argued that these prices prevent the service from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed prices make the service unwise to work with for the time being. What's 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 do Solo Mining on Antpool Solo mining means you mine for bitcoins with no joining a pool. Therefore, in the event that you use Antpool you are not solo mining by default. Generally, you will receive more frequent payouts by joining a pool. What's the Controversy around Antpool Antpool has vowed 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. 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).
Furthermore, allegations that the owner refuses to sell hardware into Segwit supporters have also begun to circulate. By using Antpool, you allow the pool to pick on your hardwares approach to those things, meaning that the pool that you used dictates the kind of Bitcoin protocol your hardware employs. Should you wish to select which implementation your hardware should signal for, then 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 i thought about this is a personal pool. Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or even Antpool, Bitfury cannot be joined in case you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated into 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 over the world so that your mining equipment 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 the fact that it shares Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC worth of transaction prices will also be rewarded into the pool. Some pools keep these fees for themselves and DO NOT share with their miners! BTCC evenly splits the transaction prices among its miners, only as it splits the 12.5 BTC reward.