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Note: If you cloud mine then you dont need to select 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 would be vulnerable and easy to attack. Get this: Many Bitcoin users dont mine.
About Antpool Antpool mined its very first block in March 2014, meaning that it emerged about four decades after the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and 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 that the underlying company thrives largely off of hardware sales. How to Join Antpool The swimming pool is 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 suggest you have a look at our hardware and software guides.
Software is important because it enables you to direct your hardwares hash power to the pool you prefer. So be certain that you make the right choice in order to optimize your own rewards. Finally, sign up at antpool.com to get started. What exactly are Antpools Fees Antpool claims that it does not charge any fees for using its pool.
While Antpool does not directly bill fees, it also does not disclose the Bitcoin transaction fees that are collected. Fundamentally, clients are left in the dark. Currently, each Bitcoin block has a 12.5 BTC reward that Antpool will 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 is the Payout Threshold The pool does not appear 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 you mine for bitcoins without joining a pool. Therefore, in the event that you utilize Antpool you are not solo mining by default. Generally, you will receive 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 which needs miner activation to be enabled. Despite 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 allow the pool to decide on your hardwares approach to these matters, meaning that the pool which you used dictates the type of Bitcoin protocol that your hardware uses. If you would like to select which implementation your hardware should signal for, you can use a pool that leaves the option to its users, such as the Slush mining pool.
The main difference between this Bitfury pool and other mining pools is that Bitfury is a personal pool. Bitfury, the company, makes its own mining equipment and runs its own pool. So, unlike Slush or even Antpool, Bitfury cannot be joined if you run mining hardware in your 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 physical bitcoins and much more! Worldwide Servers more information 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 good thing about BTCC swimming pool is that it shares Bitcoin transaction fees with its miners. In every Bitcoin block, around 1-2 BTC values of transaction fees will also be rewarded to the pool. Some pools maintain these fees for themselves and DO NOT share with their miners! BTCC evenly splits the transaction prices among its miners, just as it splits the 12.5 BTC reward.