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Note: Should 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 safety. 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 following the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds largest Bitcoin mining hardware manufacturer, and a large portion of their swimming pool is run on Bitmains own mining channels.
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Also, Antpools user interface is surprisingly slick considering the underlying company thrives mostly off of hardware sales. How to Join Antpool The swimming 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 software. Should you need help deciding, I suggest you take a peek at our hardware and software manuals.
Software is important because it enables you to guide your hardwares hash electricity towards the pool you prefer. So be certain to make the right choice in order to maximize your own rewards. Finally, sign up in antpool.com to get started. What exactly are Antpools Fees Antpool claims that 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. 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 per cube by pools.
It can be argued that these rates 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 service unwise to use for the time being. What is 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 do Solo Mining on Antpool Solo mining means that you mine to get bitcoins without joining a pool. Therefore, if you use 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 upgrades to Bitcoin for reasons based on promises which have been largely disproved.
More especially, the controversy revolves around Segwit a feature which requires miner activation to be enabled. Regardless of the fact that the majority of 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 won't sell hardware into Segwit fans have also begun to circulate. By using Antpool, you allow see post the pool to decide on your hardwares approach to those things, 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 needs to signal for, then you can use a pool which leaves the option to its customers, 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 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 more! Worldwide Servers BTCC runs servers all around 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 good thing about BTCC swimming pool is that it shares Bitcoin transaction fees using 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 charges for themselves and DO NOT share with their miners! BTCC evenly splits the transaction fees among its miners, just like it splits the 12.5 BTC reward.