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Note: If you cloud mine then you dont need to select a pool; the cloud mining company will do this automatically. Why are Miners Important Bitcoin miners are crucial to Bitcoin and its safety. Without miners, Bitcoin will be vulnerable and easy to strike. Get this: Many Bitcoin users dont mine.
About Antpool Antpool mined its very first block in March 2014, meaning it emerged about four decades after the first 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 mostly from hardware sales. How to Join Antpool The swimming pool is free to join and the process is simple. First, you need to acquire Bitcoin mining equipment. Then you need to download mining program. If you need help deciding, I suggest you have a peek at our hardware and software manuals.
Software is important because it enables you to guide your hardwares hash power towards the pool you would like. So make certain to make the best choice in order to optimize your rewards. Finally, sign up in antpool.com to get started. What are Antpools Fees Antpool claims that 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, each Bitcoin block has a 12.5 BTC reward which Antpool will talk with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are accumulated per cube 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 that the undisclosed prices make the service unwise to work with for the time being. What's the Payout Threshold The pool does not appear to have a payout threshold and overlooks daily around 10 AM UTC.
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Can you do Solo Mining on Antpool Solo mining means you mine to get bitcoins with no joining a pool. So if you utilize Antpool you are not solo mining by default. Generally, you will receive more frequent payouts by joining a pool. What is the Controversy around Antpool Antpool has refused to enable arguably beneficial updates to Bitcoin for reasons based on promises which have been largely disproved.
More specifically, the controversy revolves around find out this here Segwit a feature that 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 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 refuses to sell hardware into Segwit fans also have begun to circulate. By using Antpool, you allow the pool to decide on your hardwares approach to these things, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware uses. Should you wish to decide 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 the fact 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 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 more! Worldwide Servers BTCC runs servers all around the world so your mining hardware can connect easily to the BTCC pool.
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Bobby Lee, BTCC CEO Shared Transaction Charges One good thing about BTCC swimming pool is the fact that it shares Bitcoin transaction fees with its miners. In each Bitcoin block, around 1-2 BTC worth of transaction prices will also be rewarded into the pool. Some pools maintain these fees read the full info here for themselves and DO NOT share with their miners! BTCC evenly divides the transaction fees among its miners, just as it splits the 12.5 BTC reward.