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Note: If you cloud mine then you dont need to select a pool; the cloud mining company does this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its own security. Without miners, Bitcoin would be vulnerable and easy to attack. Get this: Most Bitcoin users dont mine.
Mining, once done on the ordinary home computer, is now mostly done in large, technical warehouses with massive 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 terms of its Bitcoin network hash speed.
About Antpool Antpool mined its first block in March 2014, meaning it emerged about four years following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and also 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 the underlying company thrives mostly from hardware sales. How to Join Antpool The pool is totally free to join and the procedure is simple. To begin with, you need to get Bitcoin mining hardware. Then you need to download mining program. If you need assistance deciding, I recommend you take a peek at our hardware and software guides.
Software is important because it enables you to guide your hardwares hash power to the pool you would like. So make sure to make the best choice in order to optimize your own rewards. Finally, sign up at antpool.com to begin. What exactly are Antpools Fees Antpool claims it does not cost any fees for using its pool.
Even though Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that 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 an additional 1-2 bitcoins are collected per cube by pools.
It look at more info can be argued that these rates 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 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 daily around 10 AM UTC.
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Can you really do Solo Mining on Antpool Solo mining means you mine to get bitcoins with no joining a pool. Therefore, if you use Antpool that you are not solo mining by default. Generally, you will get 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 promises which have been largely disproved.
More specifically, the controversy revolves around Segwit a feature that needs 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 click for more info Jihan Wu).
Moreover, allegations that the owner refuses to sell hardware to Segwit fans have also begun to circulate. By using Antpool, you let the pool to pick on your hardwares approach to those things, meaning that the pool which you used dictates the kind of Bitcoin protocol your hardware uses. Should you wish to decide which implementation your hardware needs to signal for, then you can use a pool which leaves the option to its users, like the Slush mining pool.
The main difference between the Bitfury pool and other mining pools is the fact that Bitfury is a personal pool. Bitfury, the company, makes its own mining equipment useful content and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated into its own 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 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 good thing about BTCC pool is that it stocks Bitcoin transaction fees using its miners. In every Bitcoin block, around 1-2 BTC worth of transaction fees will also be rewarded into the pool. Some pools keep 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.