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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 own 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 it emerged roughly four decades after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining equipment manufacturer, and also a huge portion of their swimming pool is run on Bitmains own mining channels.
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Also, Antpools user interface is surprisingly slick considering that the underlying company thrives largely from hardware sales. How to Join Antpool The swimming pool is free to join and the process is straightforward. First, you need to acquire Bitcoin mining hardware. Then you need to download mining program. If you need help deciding, I suggest you take a look at our hardware and software guides.
Software is important because it enables you to direct your hardwares hash electricity to the pool you prefer. So be certain to make the best choice in order to maximize your own rewards. Finally, sign up in antpool.com to begin. What are Antpools Fees Antpool claims it does not charge any fees for using its pool.
While 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 includes 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 accumulated a 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 that the undisclosed prices make the ceremony unwise to work with for the time being. What is the Payout Threshold The pool does not appear to have 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 for bitcoins without joining a pool. Therefore, if you use Antpool you are not solo mining by default. Generally, you will get more frequent payouts by joining a pool. What's the Controversy around Antpool Antpool has refused to enable arguably beneficial upgrades to Bitcoin for reasons based on promises that have been largely disproved.
More specifically, the controversy revolves around Segwit a feature which requires miner activation to be enabled. Regardless of 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 refuses to sell hardware into Segwit supporters also have begun to circulate. By using Antpool, you let the pool to pick your hardwares approach to those things, meaning that the pool that you used dictates the kind of Bitcoin protocol your hardware employs. Should you wish to select which implementation your hardware should signal for, then you can use a pool that leaves the choice 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 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 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 bodily bitcoins and much 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 Charges One good thing about BTCC pool is the fact that it shares Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC worth of transaction prices will also be rewarded read what he said to the pool. Some pools keep these fees for themselves and DO NOT share with their miners! BTCC evenly divides the transaction fees among its miners, just like it divides the 12.5 BTC reward.