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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 crucial to Bitcoin and its security. Without miners, Bitcoin would be vulnerable and easy to attack. Get this: Most Bitcoin users dont mine.

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Mining, once done on the average home , is now largely done in large, technical warehouses with massive amounts of mining equipment. These warehouses usually direct their hashing electricity towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest 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 about four years 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 swimming pool is run on Bitmains own mining channels.

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Also, 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 free to join and the process is straightforward. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. If you need help deciding, I suggest you have a peek at our hardware and software guides.

Software is important because it enables you to direct your hardwares hash power to the pool you prefer. So be certain that you make the right choice in order to optimize your own rewards. Finally, sign up in antpool.com to begin. What exactly are Antpools Fees Antpool claims that it does not cost any fees for using its pool.

Even though Antpool does not directly charge commissions, it also does not disclose the Bitcoin transaction fees which are collected. Basically, clients are left in the dark. Currently, each 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 accumulated a cube by pools.

It can be argued that these prices 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 have a payout threshold and pays out every day around 10 my company AM UTC.

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Can you really do Solo Mining on Antpool Solo mining means that you mine for bitcoins with no joining a pool. So if you use 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 updates to Bitcoin for reasons based on claims which have been largely disproved.

More especially, the controversy revolves around Segwit a feature which needs miner activation to be enabled. Despite the fact that most 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).

Furthermore, allegations that the owner refuses to sell hardware to Segwit fans have also begun to circulate. By using Antpool, you allow the pool to decide on your hardwares approach to these things, meaning that the pool that you used dictates the kind of Bitcoin protocol that your hardware uses. If you would like to select which implementation your hardware needs to signal for, you can use a pool that leaves the option to its customers, such as the Slush mining pool.

The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. Bitfury, the company, makes its own mining hardware and runs its own pool. Thus, unlike Slush or even Antpool, Bitfury cannot be joined in case you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated to its 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 Your Domain Name company also runs a Bitcoin exchange, wallet, prints bodily bitcoins and much more! Worldwide Servers BTCC runs servers all over the world so your mining hardware can connect easily to the BTCC pool.

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Bobby Lee, BTCC CEO Shared Transaction Charges One great thing about BTCC 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 keep these fees for themselves and DO NOT talk with their miners! BTCC evenly divides the transaction prices among its miners, just like it divides the 12.5 BTC reward.

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