Antpool is a cryptocurrency mining pool that was founded in 2014 by Bitmain Technologies Ltd., the world’s leading Bitcoin hardware manufacturer. The company provides an online platform for miners to join and share their computing power to earn rewards from the network. Antpool supports several cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH).
Antpool allows users to mine on a pay-per-share basis, meaning they receive a portion of the block reward proportional to their contributed hash rate. This makes it easy for miners with small amounts of hashing power to take part in earning rewards. In addition to this, Antpool also offers merged mining which enables miners of different coins such as BTC/BCH or ETH/ETC simultaneousyly while only contributing hashrate towards one chain at a time. This can be beneficial because it increases overall earnings potential due to higher difficulty levels associated with certain cryptographic algorithms when compared against single coin mining operations like those found on other pools.
In terms of fees collected by AntPool, there is no fee for creating an account but users will need specific miner software installed before joining any particular pool – and each type may have its own set up process so make sure you understand what needs doing prior before starting out! Additionally some pools do charge transaction fees; these are usually calculated based upon your amount earned per day from all blocks mined within that period divided by total number active members across all pools – always check first if there are any additional costs involved upfront so you don’t get blindsided later down line!
For security purposes, accounts created via email must pass through two factor authentication processes where codes should sent both over SMS message & email address provided during registration phase respectively – once completed then user can start setting up payout wallet details & desired payment methods available under current system setup.
Finally one last thing worth noting would be various features offered specifically designed enhance user experience further still: examples include things like Customized Mining Difficulty settings allowing individual worker performance monitoring plus even more advanced options such as Dynamic Payment System where payments change according respective market conditions too! All together making antPool comprehensive & reliable option amongst wider community today alike.
