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Author Topic: How Much is BitMain Making from keeping the TXN fees?  (Read 394 times)
Minor Miner
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May 17, 2017, 06:01:05 PM
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Has anyone ever calculated how much miners are actually paying to mine on Antpool?   It would seem like a huge amount of money since they are keeping all the TXN fees for "bonuses for our engineers" (I actually found that on their site buried in their section that suggests solo mining and treating it like a lottery).


too many grasshoppers, not enough ants
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Dr Charles
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May 17, 2017, 06:04:45 PM
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Considering they are the largest mining pool I couldnt even guess to how much they are raking in everyday. The discovered 4,731 blocks in the last 6 months alone. Millions every month I'd say.

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May 17, 2017, 06:07:28 PM
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Considering they are the largest mining pool I couldnt even guess to how much they are raking in everyday. The discovered 4,731 blocks in the last 6 months alone. Millions every month I'd say.
Why does everyone mine there if they are giving up 10-30% of their reward in "semi hidden" fees?
Even assuming the TXN rewards at this level are an anomaly, it would still be around 10,000 BTC per year being taken from miners by AntPool.   That is some serious coin.

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May 17, 2017, 06:10:07 PM
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Absolutely, I am guessing because although the fees are being held back... it does provide consistent returns to the miners since the pool hashing power is so strong. In some smaller pools you risk going hours or even longer in some cases to discover a block.

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May 17, 2017, 07:07:14 PM
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I think people are uniformed. Antpool is the biggest so they think it's the best....and actually it's not
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May 17, 2017, 07:09:12 PM
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Most people are too lazy to find out about other pools, so they just go with the default setting Antpool.

Electrician. Home miner. Block #402790 at Kano.is & #391994 at solo.ckpool.org. Gear: 1x AvalonMiner 721 6Th/s, 1x Hotmine X5 3.3Th/s, 3x Antminer R4 8.7Th/s,
1x Antminer S9 14Th/s, 1x Antminer S9 13Th/s, 2x Antminer S7-LN 2.3Th/s and 3Th/s. Altcoin mining gear: 4x Baikal Mini Miner 150Mh/s
(Review/Guide) Hotmine X5 upgrade kit for Antminer S1/S3/S5
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May 29, 2017, 03:56:07 PM
 #7

Boy, this is a familiar topic...

https://bitcointalk.org/index.php?topic=1822144.0

Tongue

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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