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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. Without miners, Bitcoin would be vulnerable and easy to strike. Get this: Many Bitcoin users dont mine.
About Antpool Antpool mined its first block in March 2014, meaning it emerged about four decades following the initial mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the worlds biggest Bitcoin mining equipment manufacturer, and a huge portion of their pool is run on Bitmains own mining rigs.
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Additionally, Antpools user interface is surprisingly slick considering the underlying company thrives largely from hardware sales. How to Join Antpool The pool is totally free to join and the process is straightforward. First, you need to acquire Bitcoin mining equipment. Then you need to download mining software. If you need help deciding, I recommend you have a look at our hardware and software guides.
Software is important since it enables you to direct your hardwares hash power towards the pool you would like. So make sure that you make the right choice in order to optimize your own rewards. Finally, sign up in antpool.com to begin. What exactly are Antpools Fees Antpool claims it does not charge any fees for using its pool.
Even though Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, every Bitcoin block includes a 12.5 BTC reward that Antpool does talk with you when it finds a block. Recently, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated a block by pools.
It can be argued that these rates prevent the support from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed the undisclosed prices make the ceremony 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. So in the event that you use Antpool you are not solo mining by default. Generally, you description will receive 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 claims which have been largely disproved.
More specifically, the controversy revolves around Segwit a feature that requires 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 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 those things, meaning that the pool that you used dictates the kind of Bitcoin protocol that your hardware employs. Should you would like to select which implementation your hardware should signal for, you can use a pool which leaves the option to its customers, like the Slush mining pool.
The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. Bitfury, the company, makes its own mining hardware 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 to 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 more! Worldwide Servers BTCC runs servers all over 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 good thing about BTCC pool is the fact that it shares Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC values of transaction fees will also be rewarded into the pool. Some pools maintain these fees for themselves and DO NOT talk with their miners! BTCC evenly divides the transaction fees among its miners, only as it splits the 12.5 BTC reward.