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Note: Should you cloud mine then you dont need to pick a poolthe cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its own safety. With no miners, Bitcoin will be vulnerable and easy to attack. Get this: Many Bitcoin users dont mine.
Mining, once done on the ordinary home , is now mostly done in large, technical warehouses with massive amounts of mining hardware. These warehouses generally direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the largest Bitcoin mining pool in regard to its own Bitcoin network hash rate.
About Antpool Antpool mined its first block in March 2014, meaning it emerged roughly four decades 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 swimming pool is run on Bitmains own mining rigs.
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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 pool is free to join and the procedure is straightforward. To begin with, you need to acquire Bitcoin mining hardware. Then you need to download mining software. Should you need help deciding, I recommend you have a look 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 make certain that you make the right choice in order to optimize your own rewards. Finally, sign up at antpool.com to get started. What exactly are Antpools Fees Antpool asserts that it does not charge 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, each Bitcoin block has a 12.5 BTC reward which Antpool does talk with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated per block 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 that the undisclosed prices make the ceremony unwise to work with for the time being. What is the Payout Threshold The pool does not seem to have a payout threshold and overlooks every day 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. Therefore, if you use 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 that have been largely disproved.
More specifically, the controversy revolves around Segwit a feature that 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).
Moreover, allegations that the owner won't sell hardware to Segwit fans also have begun to circulate. By using Antpool, you allow the pool to pick on your hardwares approach to these things, meaning that the pool that you used dictates the kind of Bitcoin protocol your hardware uses. If you wish to select which implementation your hardware should signal for, then you can use a pool which 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. look at this site So, unlike Slush or even Antpool, Bitfury cannot be joined if you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated into its pool, Bitfury sells a 16nm ASIC mining processor.
Valery Vavilov, CEO read this article 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 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 Fees One great thing about BTCC swimming pool is that it shares Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC worth of transaction fees will also be rewarded into the pool. Some pools keep these fees for themselves and DO NOT share with their miners! BTCC evenly divides the transaction prices among its miners, just like it splits the 12.5 BTC reward.