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This can maximize 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 Which are Slush Pools Fees Slush Pool costs 2% of payouts. This may seem like a great deal but unlike other pools it shares the transaction fees with its miners. At current prices, these amount to 1-2 BTC more per 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. But, most of the pools listed above are only for Bitcoin mining. Please visit our article on Ethereum mining pools for much more info on ETH certain pools.

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

Bitcoin mining pools are a way for Bitcoin miners to pool their funds together and discuss their hashing power while splitting the reward evenly according to the amount of shares they contributed to solving a block.

A"share" is given to members of the Bitcoin mining pool who present a valid evidence 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 for 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 few decades.

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 method is to utilize the official BitCore client.

If you take part in a Bitcoin mining pool then you might want to ensure that they are engaging in behaviour that's in agreement with your philosophy towards Bitcoin.

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

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

When segwit is triggered, you are going to want to be in a position 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 programs linked previously that support GBT have been upgraded.

Segwit is already activated and enforced on testnet, so 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 mode (regtest) also supports segwit by default.

There are many good Bitcoin mining pools to choose 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 believed 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 located in China. Its mining pool currently controls around 15% of the network hash rate.

Slush Pool: Slush Pool is run click here for info by Satoshi Labs, a Bitcoin company based in the Czech Republic. Slush Pool was the first mining pool and maintains around 7% of their network hash speed.

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

Eligius: Eligius was one of the first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core 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 the network hash speed.

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

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