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This will optimize your mining earnings. USA, east coast: stratum+tcp://us-east. Stratum.slushpool.com:3333 Europe stratum+tcp://eu.stratum.slushpool.com:3333 China, mainland stratum+tcp://cn.stratum.slushpool.com:3333stratum+tcp://cn.stratum.slushpool.com:443 Asia-Pacific/Singapore: stratum+tcp://sg.stratum.slushpool.com:3333 What are Slush Pools Charges Slush Pool charges 2% of payouts. This might look like a lot but unlike other pools it shares the transaction fees with its miners. At current levels, these amount to 1-2 BTC more each block.

In addition they make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many individuals want to use the pools over for Ethereum too. However, the majority of the pools listed above are only for Bitcoin mining. Please visit our post on Ethereum mining pools to get more info on ETH certain pools.

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For LTC mining you may need different hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or attorney in your area. But most probably you'll need to pay income tax on income from mining pools exactly like you would for any other kind of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their resources together and share their hashing power whilst splitting the reward equally according to the amount of shares they contributed to solving a block.

A"share" is awarded to members of this Bitcoin mining pool who present a valid evidence of work their Bitcoin miner solved. Bitcoin mining in pools began when the difficulty for mining increased to the point where it could take years for slower miners to generate a block.

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The solution for this problem was for miners to pool their funds in order that they could generate blocks quicker and therefore obtain a portion of this Bitcoin block reward on a consistent basis, rather than randomly once every couple of years.

If you solo-mine, meaning you do not mine using a Bitcoin mining pool, then you will need to ensure that you are in consensus with all the Bitcoin network. The best way is to utilize the official BitCore client.

Should you participate in an Bitcoin mining pool then you will want to ensure they are engaging in behavior that's in agreement with your philosophy towards Bitcoin.

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By way of instance, some rogue developers have threatened to launch applications that could hard-fork the network that would likely result in tremendous financial damage.

Therefore, it is your responsibility to be sure that any Bitcoin mining power you lead into a mining pool does not try to enforce network consensus rules you disagree with.

When segwit is activated, you will want to be in a position to mine and relay segwit-style blocks. The following mining applications has been upgraded to support segwit.

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Please note that software that supports the GetBlockTemplate (GBT) RPC has to be upgraded to support both the BIP9 and BIP145 changes to GBT. All the programs linked above that aid GBT have been updated.

Segwit is triggered and enforced on testnet, so you may find it helpful to test your infrastructure upgrade by mining with some little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test style (regtest) also supports segwit by default.

There are many good Bitcoin mining pools to select from. Even though it's tempting to pick the very popular one, it's better for the health of the network to mine with pools so as to avoid potentially harmful concentration of hashing power.

The following pools are Thought to be currently fully validating blocks with Bitcoin Core 0.11 or afterwards:

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BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool situated in China. Its mining pool currently controls around 15% of their network hash official website rate.

Slush Pool: Slush Pool is run by Satoshi Labs, a Bitcoin company based in the Czech Republic. Slush Pool was the first mining pool and maintains around 7 percent of their network hash rate.

Antpool: WARNING - Bitmain works Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem due to their AntBleed scandal where they had been intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain claimed this was a feature and not a bug. This malware will enable Bitmain to shut down equipment of customers or competitors why not try here thus increasing their own profitability.

Eligius: Eligius was one of the very first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core programmer. Today, the pool controls just under 1 percent of the network hash speed.

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BitMinter: BitMinter, once one of the largest Bitcoin mining pools, now controls less than 1% of their network hash rate.

Kano CKPool: Kano CKPool has been founded in 2014 and currently has around 3% of the network hash speed under its control.

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