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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 crucial to Bitcoin and its own security. Without miners, Bitcoin will be vulnerable and easy to attack. Get this: Most Bitcoin users dont mine.
About Antpool Antpool mined its very first block in March 2014, meaning it emerged about four years following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining hardware manufacturer, and also a large portion of their swimming pool is run on Bitmains own mining rigs.
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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 totally free to join and the process is straightforward. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. If you need assistance deciding, I recommend you have a peek at our hardware and software guides.
Software is important because it enables you to direct your hardwares hash power towards the pool you prefer. So make sure to make the best choice in order to maximize your rewards. Finally, sign up in antpool.com to get started. What are Antpools Fees Antpool claims that 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 that are collected. Fundamentally, clients are left in the dark. Currently, each 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 collected a block by pools.
It can be argued that these prices prevent the support from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed that the undisclosed prices make the service unwise to work with for the time being. What's the Payout Threshold The pool does not seem to get 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 that you mine for bitcoins with no 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 is the Controversy around Antpool Antpool has vowed to enable arguably beneficial updates to Bitcoin for reasons based image source on promises which have been largely disproved.
More specifically, the controversy revolves around Segwit a feature that needs miner activation to be enabled. Despite the fact that most 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 to Segwit fans have also begun to circulate. By using Antpool, you allow the pool to decide on your hardwares approach to these things, meaning that the pool which you used dictates the kind of Bitcoin protocol that your hardware uses. If you would like to decide which implementation your hardware needs to signal for, then you can use a pool which leaves the choice to its users, such as the Slush mining pool.
The main difference between this Bitfury pool and other mining pools is the fact that Bitfury is a private pool. Bitfury, the company, makes its own mining equipment and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined in case you run mining hardware at home. Bitfury 16nm ASIC Chip Unrelated into 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 more! Worldwide Servers BTCC runs servers all around the world so 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 the fact that it shares Bitcoin transaction fees using its miners. In every Bitcoin block, around 1-2 BTC worth of transaction prices are also rewarded to the pool. Some pools maintain these fees for themselves and DO NOT talk with their miners! BTCC evenly divides the transaction prices among its miners, only like it divides the 12.5 BTC reward.