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Note: If 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 critical to Bitcoin and its safety. With no miners, Bitcoin will be vulnerable and easy to strike. Get this: Many Bitcoin users dont mine.

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Mining, once done on the average home computer, is now largely done in large, specialized warehouses with massive amounts of mining hardware. These warehouses generally 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 speed.

About Antpool Antpool mined its very first block in March 2014, meaning that 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 channels.

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Also, Antpools user interface is surprisingly slick considering the underlying company thrives mostly from 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 program. Should you need help deciding, I recommend you take a peek at our hardware and software manuals.

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

While 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, every Bitcoin block includes a 12.5 BTC reward which Antpool will share with you when it finds a block. Recently, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected per block by pools.

It can be argued that these rates prevent the service from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed that the undisclosed fees 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 pays out 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 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 updates to Bitcoin for reasons based on claims which have been largely disproved.

More specifically, the controversy revolves around Segwit a quality which needs 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 to Segwit fans also have begun to circulate. By using Antpool, you allow the pool to pick on your hardwares approach to those matters, meaning that the pool which you used dictates the type of Bitcoin protocol your hardware employs. Should you would like to select which implementation your hardware go should signal for, you can use a pool that 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 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 in your home. Bitfury 16nm ASIC Chip Unrelated into its 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 your mining equipment 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 the fact that it shares Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC values of transaction fees will also be rewarded to the pool. Some pools maintain these charges for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction fees among its miners, just like it divides the 12.5 BTC reward.

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