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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 security. With no miners, Bitcoin will be vulnerable and easy to strike. Get this: Many Bitcoin users dont mine.
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 pool is run on Bitmains own mining channels.
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Additionally, Antpools user interface is surprisingly slick considering the underlying company thrives mostly off of hardware sales. How to Join Antpool The pool is free to join and the process is straightforward. First, you need to get Bitcoin mining hardware. Then you need to download mining program. Should you need assistance deciding, I recommend you take a peek at our hardware and software guides.
Software is important because it enables you to guide your hardwares hash electricity to the pool you prefer. So be certain to make the best choice in order to optimize your own rewards. Finally, sign up at antpool.com to begin. What are Antpools Fees Antpool claims it does not cost any fees for using its pool.
Even though Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees which are collected. Fundamentally, clients are left in the dark. Currently, each 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 service from being usable for small-time and big-volume users. Consequently, some users on this article bitcointalk.org heed the undisclosed fees make the ceremony unwise to use for the time being. What's the Payout Threshold The pool does not appear to get a payout threshold and pays out every day 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 with no joining a pool. Therefore, if you utilize Antpool that you are not solo mining by default. Generally, you will receive more frequent payouts by joining a pool. What's 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 specifically, the controversy revolves around Segwit a quality which requires 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 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).
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 decide on your hardwares approach to those matters, meaning that the pool which you used dictates the kind of Bitcoin protocol your hardware uses. Should you wish to select which implementation your hardware should 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 the 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. Thus, unlike Slush or even Antpool, Bitfury cannot be joined if you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated to its 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 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 Fees One great thing about BTCC pool is that it shares Bitcoin transaction fees using its miners. In every Bitcoin block, around 1-2 BTC worth of transaction fees are also rewarded to the pool. Some pools maintain these fees for themselves and DO NOT share with their miners! BTCC evenly divides the transaction prices among its miners, only as it splits the 12.5 BTC reward.