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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 Which are Slush Pools Fees Slush Pool charges 2% of all payouts. This might look like a lot but unlike other pools it shares the transaction fees using its miners. At current prices, 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 above for Ethereum too. But, most of the pools listed above are only for Bitcoin mining. Please visit our post on Ethereum mining pools for much more info on ETH certain pools.

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

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

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

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The solution to this difficulty was for miners to pool their resources so they could generate blocks quicker and therefore receive a portion of the Bitcoin block payoff on a consistent basis, rather than randomly once every couple of decades.

Should you solo-mine, meaning you do not mine with a Bitcoin mining pool, then you'll need to ensure that you are in consensus with all 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 instance, some rogue developers have threatened to release applications that could hard-fork the network which would likely result in tremendous financial harm.

Therefore, it's home your responsibility to make certain any Bitcoin mining energy you direct to a mining pool does not try to enforce network consensus rules you disagree with.

When segwit is activated, you are going to want to be able to mine and relay segwit-style blocks. The following mining software has been updated to support segwit.

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Please note that applications that supports the GetBlockTemplate (GBT) RPC must be updated to support click to investigate both the BIP9 and BIP145 changes to GBT. All the apps linked previously that support GBT have been updated.

Segwit is already activated and enforced on testnet, which means you could find it useful to check your infrastructure upgrade by mining with a small 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 select from. Although it's tempting to select the very popular one, it's better for the health of the network blog here to mine with smaller pools in order to prevent potentially harmful concentration of hashing power.

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

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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 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 the network hash speed.

Antpool: WARNING - Bitmain works Antpool and some consider them 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 maintained this was a feature and not a bug. This malware would enable Bitmain to shut down equipment of customers or competitors thus increasing their own elevation.

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

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

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

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