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This can 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 Fees Slush Pool charges 2% of payouts. This may seem like a lot but unlike other pools it shares the transaction fees using its miners. At current prices, such amount to 1-2 BTC more each cube.

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

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For LTC mining you will need different hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your town. But most probably you'll need to pay income tax on income from mining pools just like you want any other type of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their funds 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 that present a valid proof of work 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 to this difficulty was for miners to pool their funds so they could generate cubes faster and therefore receive a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every couple of years.

Should you solo-mine, meaning you do not mine with a Bitcoin mining pool, then you will need to ensure that you are in consensus with all the Bitcoin network. The very 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 straight from the source in behaviour that is in agreement with your philosophy towards Bitcoin.

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For instance, some rogue developers have threatened to release software that may hard-fork the network which would probably result in tremendous financial damage.

Because of this, it's your duty to make certain any Bitcoin mining power you lead into a mining pool does not attempt to enforce network consensus rules that 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 applications has been updated to support segwit.

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

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

There are many fantastic Bitcoin mining pools to choose from. Although it's tempting to select the very popular one, it's better for the health of the network to mine with smaller pools in order to avoid potentially harmful concentration of hashing power.

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

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BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool located in China. Its mining pool currently controls around 15 percent of the network hash rate.

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

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 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 Website will enable Bitmain to shut down equipment of customers or competitors thus increasing their own profitability.

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

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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 has been founded in 2014 and currently has around 3 percent of the network hash rate under its control.

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