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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 Which are Slush Pools Fees Slush Pool charges 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 per block.

They also 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 to get much more info on ETH specific pools.

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To get LTC mining you may need different hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your area. But most likely you will need to pay income tax on income from mining pools just like you would for any other type of income.

Bitcoin mining pools are a way for Bitcoin miners to pool their resources together and share their hashing power whilst splitting the reward evenly according to the amount of stocks they contributed to solving a block.

A"share" is given to members of the Bitcoin mining pool who present a valid proof of work that their Bitcoin miner solved. Bitcoin mining in pools began when the problem 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 this Bitcoin block reward on a consistent basis, rather than randomly once every few 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 all the Bitcoin network. The best way is to use the official BitCore client.

If you participate in an Bitcoin mining pool then you will want to ensure that they are engaging in behavior that is in agreement with your philosophy towards Bitcoin.

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

Therefore, it's your responsibility to make certain find more information any Bitcoin mining power you lead to a mining pool does not attempt to enforce network consensus rules you disagree with.

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

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Please note that software that supports the GetBlockTemplate (GBT) RPC has to be upgraded to support the BIP9 and BIP145 changes to GBT. All the apps linked previously that support GBT have been updated.

Segwit is triggered and enforced on testnet, which means you could find it useful to check your infrastructure update by mining with some small amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test style (regtest) additionally 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 is better for the health of the network to mine with pools so as to prevent potentially damaging 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 percent of the 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 their network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious actor in the Bitcoin ecosystem because of their AntBleed scandal in which they had been intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain claimed this was a feature and not a bug. This malware would enable Bitmain to shut down equipment of consumers or opponents thus increasing their own elevation.

Eligius: Eligius was one of those first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core developer. Nowadays, 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, now controls less than 1 percent of the network hash rate.

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

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