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Note: If you cloud mine then you dont need to pick a pool; the 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 strike. Get this: Most Bitcoin users dont mine.
About Antpool Antpool mined its very first block in March 2014, meaning it emerged about four decades after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining equipment manufacturer, and also a large portion of their swimming pool is run on Bitmains own mining rigs.
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Additionally, Antpools user interface is surprisingly slick considering the underlying company thrives largely from hardware sales. How to Join Antpool The swimming pool is totally free to join and the procedure is straightforward. First, you need to get Bitcoin mining equipment. Then you need to download mining software. If you need help deciding, I suggest you take a look at our hardware and software guides.
Software is important since it enables you to guide your hardwares hash power towards the pool you would like. So make sure that you make the right choice in order to maximize your rewards. Finally, sign up at antpool.com to begin. What are Antpools Fees Antpool asserts that it does not cost any fees for using its pool.
While Antpool does not directly bill 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 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 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 that the undisclosed fees make the ceremony unwise to use for the time being. What's the Payout Threshold The pool does not seem to have a payout threshold and pays out anonymous every day around 10 AM UTC.
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Can you really do Solo Mining on Antpool Solo mining means that you mine for bitcoins without joining a pool. Therefore, 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 updates to Bitcoin for reasons based on promises that have been largely disproved.
More specifically, the controversy revolves around Segwit a quality which needs 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).
Moreover, 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 these things, meaning that the pool which you used dictates the type of Bitcoin protocol that your hardware employs. Should you would like to decide which implementation your hardware needs to signal for, you can use a pool that leaves the option to its users, like the Slush mining pool.
The main difference between this Bitfury pool and other mining pools is the fact that Bitfury is a personal pool. Bitfury, the company, makes its own mining hardware and runs its own pool. Thus, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware in your 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 equipment 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 the fact that it stocks Bitcoin transaction fees with its miners. In every Bitcoin block, around 1-2 BTC values of transaction fees are also rewarded into the pool. Some pools keep these charges for themselves and DO NOT talk with their miners! BTCC evenly divides the transaction fees among its miners, just like it splits the 12.5 BTC reward.