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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 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 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 largely off of hardware sales. The way to Join Antpool The pool is free to join and the procedure 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 recommend you take a peek at our hardware and software guides.
Software is important since it enables you to guide your hardwares hash power to the pool you prefer. So make sure to make the best choice in order to optimize your own rewards. Finally, sign up at antpool.com to get started. What exactly are Antpools Fees Antpool claims it does not cost any fees for using its pool.
While Antpool does not directly bill fees, 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 which Antpool does share with you when it finds a block. Lately, 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 rates prevent the support from being usable for both small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed fees make the ceremony unwise to work with for the time being. What is the Payout Threshold The pool does not seem to get a payout threshold and pays out daily 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, in the event that 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 which have been largely disproved.
More specifically, the controversy revolves around Segwit a feature which requires miner activation to be enabled. Despite the fact that the majority of Bitcoin users want this feature activated, Antpool, among other pools, seems to be blocking this feature. Antpool began signaling for Bitcoin Unlimited in early March 2017 here are the findings for reasons that have not been elucidated by Bitmain CEO (and cofounder Jihan Wu).
Moreover, allegations that the owner won't sell hardware to Segwit fans have also begun to circulate. By using Antpool, you allow the pool to pick on your hardwares approach to those things, meaning that the pool which you used dictates the type of Bitcoin protocol that your hardware employs. If you wish to decide which implementation your hardware should signal for, you can use a pool that leaves the option to its customers, like the Slush mining pool.
The main difference between this 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. Thus, unlike Slush or even Antpool, Bitfury cannot be joined in case you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated into its own 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 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 great thing about BTCC pool is that it shares Bitcoin transaction fees using its miners. In each Bitcoin block, around 1-2 BTC worth of transaction fees are also rewarded into 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, only like it splits the 12.5 BTC reward.