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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 security. With no miners, Bitcoin would be vulnerable and easy to attack. Get this: Many Bitcoin users dont mine.

Mining, once done on the average home , is now mostly done in large, specialized warehouses with massive amounts of mining equipment. These warehouses usually direct their hashing electricity towards mining pools. Antpool Review Despite recent controversy, Antpool remains the biggest Bitcoin mining pool in regard to its own Bitcoin network hash rate.

About Antpool Antpool mined its 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 biggest Bitcoin mining equipment 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. The way to Join Antpool The pool is totally free to join and the process is straightforward. First, you need to get Bitcoin mining hardware. Then you need to download mining software. Should you need help deciding, I recommend you take 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 be certain 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 that 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 which are collected. Fundamentally, 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 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 use for the time being. What's the Payout Threshold The pool does not appear to get a payout threshold and pays out every day around 10 AM UTC.

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Can you do Solo here are the findings Mining on Antpool Solo mining means you mine for bitcoins with no joining a pool. So if you utilize 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 vowed to enable arguably beneficial updates to Bitcoin for reasons based on promises which have been largely disproved.

More specifically, the controversy revolves around Segwit a quality which requires miner activation to be enabled. Despite 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).

Furthermore, allegations that the owner refuses to sell hardware to Segwit supporters have also begun to circulate. By using Antpool, you allow the pool to pick on your hardwares approach to those things, meaning that the pool which you used dictates the kind of Bitcoin protocol that your hardware employs. If you wish to select which implementation your hardware should signal for, you can use a pool which leaves the choice 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 private pool. Bitfury, the company, makes its own mining equipment 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 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 around the world so that 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 swimming pool is the fact that it stocks Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC values of transaction prices will also be rewarded to the pool. Some pools keep these fees for themselves and DO NOT share with their miners! BTCC evenly splits the transaction fees among its miners, just as check out this site it divides the 12.5 BTC reward.