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Note: Should you cloud mine then you dont need to pick a pool; the cloud mining company does this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its security. Without miners, Bitcoin would 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, technical 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 own Bitcoin network hash rate.

About Antpool Antpool mined its first block in March 2014, meaning it emerged about four years following the initial 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 rigs.

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Additionally, Antpools user interface is surprisingly slick considering 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 get Bitcoin mining equipment. Then you need to download mining software. 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 power to the pool you would like. So make sure to make the right choice in order to maximize your rewards. Finally, sign up at antpool.com to get started. What are Antpools Fees Antpool asserts that it does not cost any fees for using its pool.

Even though Antpool does not directly bill 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 does talk with you when it finds a block. Recently, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected a block 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 ceremony unwise to use for the time being. What is the Payout Threshold The pool does not seem to have go to my blog 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 to get bitcoins with no joining a pool. Therefore, in the event that you utilize 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 upgrades to Bitcoin for reasons based on claims that have been largely disproved.

More specifically, the controversy revolves around Segwit a feature which 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 refuses to 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 matters, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware uses. If you wish to select which implementation your hardware needs to signal for, you can use a pool that leaves the choice to its customers, such as the Slush mining pool.

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

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Bobby home Lee, BTCC CEO Shared Transaction Fees One great thing about BTCC swimming pool is the fact that it shares 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 maintain these charges for themselves and DO NOT share with their miners! BTCC evenly splits the transaction fees among its miners, only like it divides the 12.5 BTC reward.

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