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This can optimize your mining earnings. 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 costs 2% of all payouts. This may seem 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 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. But, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools to get much more info on ETH specific pools.

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

Bitcoin mining pools are a way for Bitcoin miners to pool their resources 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 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 might take years for slower miners to generate a block.

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The solution to this problem was for miners to pool their resources so they could generate blocks quicker and therefore obtain 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 using a Bitcoin mining pool, then you'll need to ensure you are in consensus with the Bitcoin network. The very best method is to utilize the official BitCore client.

Should you take part in a Bitcoin mining pool then you will want to ensure they are engaging in behaviour that is in agreement with my response your philosophy towards Bitcoin.

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

Therefore, it is your responsibility to make certain that any Bitcoin mining energy you lead to a mining pool does not attempt to enforce network consensus rules that you disagree with.

When segwit is triggered, you will 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 software that supports the GetBlockTemplate (GBT) RPC has to be upgraded to support both the BIP9 and BIP145 changes to GBT. Each of the programs linked above that support GBT have been updated.

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

There are many fantastic Bitcoin mining pools to choose from. Even though 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 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 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 rate.

Antpool: WARNING - Bitmain works Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem due to the 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 profitability.

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

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

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

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