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Note: If you cloud mine then you dont need to pick a poolthe cloud mining company will do 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.
About Antpool Antpool mined its first block in March 2014, meaning it emerged roughly four years following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and a large portion of their swimming pool is run on Bitmains own mining channels.
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Additionally, Antpools user interface is surprisingly slick considering that the underlying company thrives mostly from hardware sales. How to Join Antpool The pool is totally free to join and the process is simple. To begin with, you need to acquire 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 since it enables you to direct your hardwares hash power to the pool you would like. So make sure to make the best choice in order to maximize your rewards. Finally, sign up in antpool.com to get started. What exactly are Antpools Fees Antpool claims it does not charge any fees for using its pool.
Even though Antpool does not directly bill fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, every Bitcoin block includes 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 accumulated per block by pools.
It can be argued that these prices prevent the service from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed fees make the ceremony 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 do Solo Mining on Antpool Solo mining means that you mine to get bitcoins with no joining a pool. So if you utilize Antpool that 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 claims that have been largely disproved.
More especially, the controversy revolves around Segwit a quality that requires miner activation to be enabled. Regardless of 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 won't sell hardware to Segwit fans also have begun to circulate. By using Antpool, you allow the pool to decide on your hardwares approach to those matters, 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 should signal for, you can use a pool that leaves the option to its users, 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. So, unlike Slush or even Antpool, Bitfury cannot be joined if you image source run mining hardware in your home. Bitfury 16nm ASIC Chip Unrelated to 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 physical bitcoins and much 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 Charges One good thing about BTCC swimming pool is the fact that it shares Bitcoin transaction fees with its miners. In every Bitcoin block, around 1-2 BTC worth of transaction prices will also be rewarded into the pool. Some pools keep these fees for themselves and DO NOT share with their miners! BTCC evenly divides the transaction prices among its miners, only like it splits the 12.5 BTC reward.