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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 safety. Without miners, Bitcoin will be vulnerable and easy to strike. Get this: Many Bitcoin users dont mine.

Mining, once done on the average home , is now mostly done in large, technical warehouses with enormous amounts of mining equipment. 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 own Bitcoin network hash speed.

About Antpool Antpool mined its first block in March 2014, meaning it emerged roughly four decades following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and also a huge 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. The way to Join Antpool The pool is totally free to join and the process is straightforward. First, you need to get Bitcoin mining hardware. Then you need to download mining program. If you need assistance deciding, I suggest you have a look at our hardware and software guides.

Software is important because it enables you to direct your hardwares hash electricity towards the pool you would like. So make sure that you make the right choice in order to maximize your rewards. Finally, sign up at antpool.com to begin. What exactly are Antpools Fees Antpool asserts that it does not charge any fees for using its pool.

Even though Antpool does not directly bill fees, 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 that Antpool will share with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated per cube by pools.

It can be argued that these rates prevent the support 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 is 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 do Solo Mining on Antpool Solo mining means you mine for bitcoins without joining view 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 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 that requires miner activation to be enabled. Regardless of the fact that the majority of Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this feature. 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 to Segwit fans also have begun to circulate. By using Antpool, go to the website you allow the pool to pick on your hardwares approach to these matters, meaning that the pool that you used dictates the kind of Bitcoin protocol that your hardware employs. If you wish to decide 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 the fact that Bitfury is a personal pool. Bitfury, the company, makes its own mining equipment and runs its own pool. Thus, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at 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 around 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 pool is the fact that it shares Bitcoin transaction see this website fees with its miners. In each Bitcoin block, around 1-2 BTC values of transaction prices are also rewarded to the pool. Some pools keep these charges for themselves and DO NOT share with their miners! BTCC evenly divides the transaction prices among its miners, just as it splits the 12.5 BTC reward.