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Note: If you cloud mine then you dont need to select a poolthe cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are critical to Bitcoin and its safety. Without miners, Bitcoin will be vulnerable and easy to strike. Get this: Most Bitcoin users dont mine.

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

About Antpool Antpool mined its very first block in March 2014, meaning it emerged about four decades after the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining hardware manufacturer, and also a huge portion of their 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 off of hardware sales. How to Join Antpool The pool is free to join and the process is simple. To begin with, you need to acquire Bitcoin mining hardware. Then you need to download mining program. Should you need help deciding, I recommend you have a look at our hardware and software manuals.

Software is important since it enables you to direct your hardwares hash electricity to the pool you prefer. So make certain that you make the right choice in order to maximize your rewards. Finally, sign up in antpool.com to begin. What are Antpools Fees Antpool asserts that 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. Fundamentally, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward that Antpool does share 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 prices prevent the support from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed fees make the service unwise to use for the time being. What is the Payout Threshold The pool does not seem to have a payout threshold and overlooks daily around 10 AM UTC.

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Can you really do Solo Mining on Antpool Solo mining means that you mine to get bitcoins without joining a pool. So if you utilize 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 refused to enable arguably beneficial updates to Bitcoin for reasons based on promises which have been largely disproved.

More specifically, the controversy useful site revolves around Segwit a feature which needs miner activation to be enabled. Despite the fact that most Bitcoin users want this feature activated, Antpool, among other pools, appears 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 also have begun to circulate. By using Antpool, you allow the pool to decide on your hardwares approach to these things, meaning that the pool which you used dictates the type of Bitcoin protocol your hardware uses. If you wish to select which implementation your hardware should signal for, then you can use a pool that leaves the option to its customers, like the Slush mining pool.

The main difference between this Bitfury pool and other mining pools is the fact that Bitfury is a private pool. Bitfury, the company, makes its own mining hardware 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 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 your mining equipment can connect easily to the BTCC pool.

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Bobby Lee, BTCC CEO Shared Transaction Fees One great 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 fees are also rewarded to the pool. Some pools keep these fees for themselves and DO NOT talk with their miners! BTCC evenly splits the transaction prices among its miners, only as it splits the 12.5 BTC reward.