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Note: If you cloud mine then you dont need to select a poolthe cloud mining company does 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 attack. Get this: Many Bitcoin users dont mine.
Mining, once done on the ordinary home computer, is now largely done in large, specialized warehouses with enormous amounts of mining equipment. These warehouses generally direct their hashing power towards mining pools. Antpool Review Despite recent controversy, Antpool remains the biggest Bitcoin mining pool in regard to its Bitcoin network hash speed.
About Antpool Antpool mined its very first block in March 2014, meaning that it emerged roughly four decades 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 from hardware sales. How to Join Antpool The swimming pool is free to join and the process is straightforward. To begin with, you need to acquire Bitcoin mining equipment. Then you need to download mining program. If you need assistance deciding, I suggest you have a peek at our hardware and software guides.
Software is important since it enables you to guide your hardwares hash power towards the pool you would like. So be certain that you make the best choice in order to optimize your own rewards. Finally, sign up in 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 commissions, it also does not disclose the Bitcoin transaction fees which are collected. Basically, clients are left in the dark. Currently, each Bitcoin block includes a 12.5 BTC reward which Antpool will share with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and have a peek here an additional 1-2 bitcoins are collected a block by pools.
It can be argued that these prices prevent the service from being usable for small-time and read the article 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's the Payout Threshold The pool does not seem to have a payout threshold and pays out daily 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. So if you use Antpool you are not solo mining by default. Generally, you will get 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 quality 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, seems 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 also have begun to circulate. By using Antpool, you allow the pool to pick your hardwares approach to these things, meaning that the pool which you used dictates the type of Bitcoin protocol that your hardware uses. Should you wish to select which implementation your hardware needs to signal for, then you can use a pool which leaves the choice to its users, 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 Antpool, Bitfury cannot be joined if you run mining hardware at 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 company also runs a Bitcoin exchange, wallet, prints bodily bitcoins and 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 good thing about BTCC swimming pool is the fact that it stocks Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC worth of transaction fees are also rewarded into the pool. Some pools maintain these fees for themselves and DO NOT talk with their miners! BTCC evenly divides the transaction fees among its miners, only like it divides the 12.5 BTC reward.