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This can optimize your mining profits. USA, east shore: 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 stocks the transaction fees using its miners. At current levels, these amount to 1-2 BTC more per cube.

They also make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many people want to use the pools over for Ethereum too. However, most of the pools listed above are only for Bitcoin mining. Please visit our article on Ethereum mining pools to get more info on ETH certain pools.

To get LTC mining you will need different hardware and another pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or attorney in your town. But most probably you'll have to pay income tax on income from mining pools just like you would for any other type of income.

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

A"share" is given to members of this Bitcoin mining pool that present a valid proof of work that their Bitcoin miner solved. Bitcoin mining in pools began when the problem for mining increased to the point at which 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 so they could generate blocks quicker and therefore receive a portion of this Bitcoin block payoff on a consistent basis, rather than randomly once every few decades.

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

If you participate in a Bitcoin mining pool then you will want to ensure that they are engaging in behaviour that is in agreement with your philosophy towards Bitcoin.

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For example, some rogue developers have threatened to release applications that may hard-fork the network that would likely result in tremendous financial harm.

Because of this, it is your responsibility to make certain any Bitcoin mining power you lead to a mining pool does not try to enforce network consensus rules you disagree with.

When segwit is triggered, you will want to be able to mine and relay segwit-style blocks. The following mining software has been upgraded to support segwit.

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

Segwit is click over here already activated and enforced on testnet, so you could find it useful to test your infrastructure update 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 fantastic Bitcoin mining pools to choose from. Although it's tempting to select the most popular one, it is better for the health of the network to mine with smaller pools so as to prevent 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 percent of their network hash speed.

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% of the network hash speed.

Antpool: WARNING - Bitmain works Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem due to their AntBleed scandal in which they were intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain claimed this was a feature and not a bug. This malware would enable Bitmain to remotely shut down equipment of consumers or opponents thus increasing their own profitability.

Eligius: Eligius was one of those first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core Our site developer. Nowadays, the pool controls just under 1% of their network hash rate.

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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 their network hash rate under its control.