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This will 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 What are Slush Pools Fees Slush Pool costs 2% of all payouts. This might look like a great deal but unlike other pools it shares the transaction fees with its miners. At current prices, such amount to 1-2 BTC more each block.

They also make the Bitcoin TREZOR hardware pocket 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 for much more info on ETH certain pools.

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 area. But most probably you will have to pay income tax on income from mining pools just like you want any other type 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 equally 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 proof of work that 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 difficulty was for miners to pool their funds so they could generate blocks quicker and therefore obtain 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'll need to ensure you are in consensus with the Bitcoin network. The best way is to utilize the official BitCore client.

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

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

Therefore, it is your duty to be sure that any Bitcoin mining power you lead into 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 in a position to mine and relay segwit-style blocks. The following mining applications 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 apps linked above that aid GBT have been updated.

Segwit is already activated and enforced on testnet, so you could find it helpful to test your infrastructure upgrade 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 select from. Even though it's tempting to site web select the very popular one, it is better for the health of the network to mine with smaller 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 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% 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 first mining pool and maintains around 7 percent of their network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider try this these to be a malicious celebrity in the Bitcoin ecosystem because of the AntBleed scandal in which 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 shut down equipment of consumers or opponents thus increasing their own profitability.

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

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BitMinter: BitMinter, once one of the biggest Bitcoin mining pools, her comment is here now controls less than 1 percent of the 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.