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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 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 largest 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 decades following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining equipment manufacturer, and a huge 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 largely off of hardware sales. The way to Join Antpool The pool is free to join and the procedure is straightforward. To begin with, you need to get Bitcoin mining hardware. Then you need to download mining software. Should you need help 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 electricity to the pool you prefer. So be 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 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 has a 12.5 BTC reward that Antpool does talk with you when it finds a block. Lately, 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 prices 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 use for the time being. What's the Payout Threshold The pool does not appear 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 to get 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 is the Controversy around Antpool Antpool has vowed 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 requires miner activation to be enabled. Despite the fact that the majority of 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 supporters have also begun to circulate. By using Antpool, you allow the pool to pick on your hardwares approach to these things, meaning that the pool that you used dictates the kind of Bitcoin protocol that your hardware uses. If you wish to decide which implementation your hardware needs to signal for, then you can use a pool that leaves the option 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 personal pool. Bitfury, the company, makes its own mining equipment and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated to its own 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 More Info 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 that 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 pool is that it stocks Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC values of transaction fees are also rewarded to the pool. Some pools maintain these fees for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction prices among its miners, only like it splits the 12.5 BTC reward.