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Note: If you cloud mine then you dont need to pick a pool; the cloud mining company does this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its safety. Without miners, Bitcoin would be vulnerable and easy to attack. Get this: Most Bitcoin users dont mine.
About Antpool Antpool mined its first block in March 2014, meaning that it emerged about four decades after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining hardware manufacturer, and a large portion of their 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 off of hardware sales. How to Join Antpool The pool is totally free to join and the procedure is straightforward. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. If you need help deciding, I recommend you have a peek at our hardware and software manuals.
Software is important since it enables you to direct your hardwares hash power towards the pool you would like. So be sure that you make the best choice in order to maximize your rewards. Finally, sign up at antpool.com to begin. What exactly are Antpools Fees Antpool asserts it does not charge any fees for using its pool.
While Antpool does not directly charge commissions, it also does not disclose the Bitcoin transaction fees which are collected. Basically, clients are left in the dark. Currently, each Bitcoin block has a 12.5 BTC reward that Antpool will share with you when it finds a block. Recently, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated per cube by pools.
It can be argued that these rates prevent the service 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 have a payout threshold and overlooks every day around 10 AM UTC.
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Can you do Solo Mining on Antpool Solo mining means that you mine to get bitcoins without joining a pool. So in the event that 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 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 feature 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 supporters also have begun to circulate. By using Antpool, you let the pool to pick on your hardwares approach to those matters, meaning that the pool that you used dictates the go to this site kind of Bitcoin protocol your hardware uses. Should you wish to decide which implementation your hardware should signal for, 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 private pool. Bitfury, the company, makes its own mining equipment and runs its own pool. Thus, unlike Slush or even 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 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 pool is the fact that it shares Bitcoin transaction fees using 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 charges for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction fees among its miners, only as it divides the 12.5 BTC reward.