Ant Pool Review
Ant Pool was launched in Beijing, China. It is operated by the Bitcoin mining company called Bitmaintech, which is also the creator of the Antminer series of hardware. Ant Pool powers a huge portion of the Bitcoin network. The company mined its first Bitcoin block in March 2014. Since then, it has significantly risen in hashing to become one of the main Bitcoin mining pools alongside F2Pool.
ANT pool controls almost a quarter of the Bitcoin mining network. Till this day, Ant Pool remains one of the leading Bitcoin mining pools and has expanded its network to other cryptocurrencies, as it now mines BTC, ETH, ETC, LTC, BTM, SC, XMC, ZEC, DASH. Although Ant Pool is based in China, it has servers in multiple regions in the world, including Europe.
Commissions and Fees
Ant Pool has several options for using its cryptocurrency mining pool. Users have the opportunity to choose between the SOLO, PPLNS, and the PPS. You can also opt for peer to peer solo mine hardware with a 1% fee.
Other options include Solo with 1% block fee, the PPLNS with 0% block fee and PPS with 2.25% block fee. However, AntPool does not disclose the actual fees it charges, but most people believe it keeps about 1-2 Bitcoins for itself given the now higher costs of bitcoin transactions.
The Bitcoin is collected from each block and is not shared with the high volumed miners. Ant Pool makes the payment every day for balances over 0.001BTC at around 10 AM UTC. Note! Antpool rewards every Bitcoin block mined with 12.5BTC. When mining at Antpool, block transaction fees are kept by the pool.
Trust, Security, and Safety
Ant pool takes its user services seriously. It provides email alerts for all logins, two-factor authentication, and wallet lock as security measures. The pool operators coordinate their forum, which consists of easy documentation for the main tasks miners do in the pool.
According to customer feedback, the Antpool website is easy to use and highly streamlined on both desktop computers and mobile devices.
The pool operates a desktop mining tool that monitors mining farms, upgrading, managing, restarting, implementing batch monitoring, scan local area network’s IP address and other system protocols.
The system also has an AP Connectivity tool that helps to detect website instability and provide assistance for miners’ troubleshooting. It offers Worker IP configuration tools that allow efficient Worker IP management and quick bulk configurations.
The pool has come a long way, so there’s nothing short of expectations when it comes to mobile access. The one thing we love about this pool is that it has dedicated a lot of resources to make sure traders have excellent resources and the best user experience possible. It runs its software in association with mining giant Bitmain, which also produces their mini rigs.
The pool has a nice mobile application that is easy and straightforward to use. It allows you to monitor mining assets and activities conveniently. The Antpool mobile app is readily available on the Google Play Store for Android devices and also on the App Store for iOS devices.
Opening an Antpool Account
Opening an Ant Pool account is easy. Follow these simple steps:
- Visit the Antpool website; you will have the option to open an account or log in as a regular user.
- Complete the registration process as guided by step-by-step prompts.
- Subsequently, you will get an email to verify your account with Antpool. When you do, check your email, click the link, and verify your account.
- You are now good to log in. Create an ID and password, deposit, and start mining.
Payouts on the pool are easy with just a click, users can configure their own minimum BTC payout amount. Antpool tries to make a convenient method of payouts to its user, so the payouts are every day from 08:00 to 16:00 UTC. Well, due to the increase in cryptocurrency changes, the pool increased its minimum payout to 0.001BTC to 0.05BTC for the benefits of its users.
Initially, Antpool started as a mining system for Bitcoin, the flagship cryptocurrency. However, along the line, it decided to add other products to the pool. These products include:
One of the co-founders of the pool, Hugh Tian, said that small-cap cryptocurrency mining requires a pair of piercing eyes, and the selection of currencies with high potential can make mining more effective. More of these small market cap cryptocurrencies will be added in the future.
Ant Pool has come a long way in cryptocurrency mining. It has gained the support and trust of miners all over the world because of its efficient services, stable performance, and professional services. It is also set to be the number one mining pool in the world for several years in a row. Unfortunately, few users over the years, have criticized the pool for different reasons even with its flexibility both in the European and Chinese cryptocurrency market.
Burying deeper into the pool, there are other cool options and features for those who want to get a piece of the blockchain history. You can also pay to have short coded messages sent into the block of the newly mined coin base.
Since Antpool has established itself as one of the main players in the Bitcoin mining business, it makes it easy for everyone to try out Bitcoin mining. Mining with a pool is easy than solo mining. Antpool is used by individuals and corporations. If you want more information about how mining works on Ant Pool, feel free to visit the site and contact the customer service.
Is this your final decision?
We suggest you visit one of the most popular trading platforms instead!
- Great security.
- Ant Pool gives you the option to choose your preferred reward mode.
- The pool’s interface is user-friendly.
- The pool is transparent, and it offers a detailed list of the most recent activities with stats and graphs.
- The pool’s website is easy to navigate, making it ideal for newbies in the cryptocurrency space.
- The pool doesn’t disclose its transaction fees.
- User scores decrease significantly when you stop mining.
- They offer small payouts.
7 Binary Options review: Ant Pool: 3 stars