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Note: Should you cloud mine then you dont need to select a poolthe cloud mining company does this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its security. With no miners, Bitcoin would be vulnerable and easy to strike. Get this: Many Bitcoin users dont mine.

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Mining, once done on the ordinary home computer, is now largely done in large, technical warehouses with massive amounts of mining hardware. These warehouses generally direct their hashing electricity towards mining pools. Antpool Review Despite recent controversy, Antpool remains the biggest Bitcoin mining pool in terms of its own Bitcoin network hash rate.

About Antpool Antpool mined its first block in March 2014, meaning it emerged roughly four years following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and also a huge portion of their pool is run on Bitmains own mining rigs.

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Also, Antpools user interface is surprisingly slick considering that the underlying company thrives largely off of hardware sales. The way to Join Antpool The pool is totally free to join and the process is simple. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. Should you need assistance deciding, I recommend you take a peek at our hardware and software manuals.

Software is important because it enables you to direct your hardwares hash electricity to the pool you prefer. So be certain 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 claims it does not cost 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, 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 a cube 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 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 overlooks every day around 10 AM UTC.

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Can you really do Solo Mining on Antpool Solo mining means you mine to get bitcoins with no joining a pool. So 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 refused to enable arguably beneficial upgrades to Bitcoin for reasons based on claims which have been largely disproved.

More specifically, the controversy revolves around Segwit a feature which needs 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 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 refuses to sell hardware to Segwit supporters also have begun check over here to circulate. By using Antpool, you let the pool to pick your hardwares approach to these things, meaning that the pool which you used dictates the kind of Bitcoin protocol your hardware uses. Should you would like to select which implementation your hardware needs to signal for, then 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 that Bitfury is a personal 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 at home. Bitfury 16nm ASIC Chip Unrelated to its 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 that 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 pool is that it stocks 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 maintain these charges for themselves and DO NOT share with their miners! BTCC evenly divides the transaction fees among its miners, only as it splits the 12.5 BTC reward.

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