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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 safety. Without miners, Bitcoin will be vulnerable and easy to strike. Get this: Most Bitcoin users dont mine.
Mining, once done on the average home , is now largely done in large, specialized warehouses with massive amounts of mining hardware. These warehouses usually 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 rate.
About Antpool Antpool mined its very first block in March 2014, meaning it emerged about four years after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and 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 that the underlying company thrives mostly off of hardware sales. How to Join Antpool The swimming pool is totally free to join and the process is simple. To begin with, you need to get Bitcoin mining equipment. Then you need to download mining software. Should you need help deciding, I recommend you have a peek at our hardware and software guides.
Software is important because it enables you to guide your hardwares hash power to the pool you prefer. So be sure that you make the best choice in order to maximize your rewards. Finally, sign up at antpool.com to get started. What exactly are Antpools Fees Antpool asserts it does not charge any fees for using its pool.
While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees which are collected. Fundamentally, 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. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected a cube by pools.
It can be argued that these prices prevent the support from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed prices make the ceremony unwise to work with for the time being. What's why not try these out the Payout Threshold The pool does not seem to get 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 that you are not solo mining by default. Generally, you will get more frequent payouts by joining a pool. What is the Controversy around Antpool Antpool has refused to enable arguably beneficial updates to Bitcoin for reasons based on claims that have been largely disproved.
More especially, the controversy revolves around Segwit a quality that requires miner activation to be enabled. Regardless of the fact that most 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 supporters have also begun to circulate. By using Antpool, you let the pool to decide on your hardwares approach to those things, meaning that the pool that you used dictates the kind of Bitcoin protocol your hardware uses. If you would like to select which implementation your hardware should signal for, then you can use a pool that leaves the option to its users, such as the Slush mining pool.
The main difference between the Bitfury pool page and other mining pools is that Bitfury is a personal pool. Bitfury, the company, makes its own mining hardware and runs its own pool. Thus, unlike Slush or Antpool, Bitfury cannot be joined in case you run mining hardware at 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 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 hardware can connect easily to the BTCC pool.
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Bobby Lee, BTCC CEO Shared Transaction Fees One great thing about BTCC pool is that it stocks Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC values 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.