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This will 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 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, such amount to 1-2 BTC more each cube.

They also make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many people want to use the pools above for Ethereum too. But, most of the pools listed above are only for Bitcoin mining. Please visit our article on Ethereum mining pools for more info on ETH specific pools.

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To get LTC mining you will need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or attorney in your area. But most probably you will need to pay income tax on income from mining pools exactly as you would for any other kind of income.

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

A"share" is given 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 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 in order that they could generate cubes faster and therefore obtain a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every few years.

If you solo-mine, meaning you do not mine using a Bitcoin mining pool, then you'll need to ensure that you are in consensus with the Bitcoin network. The best way is to use the official BitCore client.

Should you take part in a 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 could hard-fork the network that would probably result in tremendous financial damage.

Because of this, it's your duty to be certain any Bitcoin mining energy you direct 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 upgraded to support segwit.

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Please note that applications that supports the GetBlockTemplate (GBT) RPC has to visit here 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 already activated and enforced on testnet, which means you may find it helpful to test your infrastructure update 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 fantastic Bitcoin mining pools to choose from. Although it's tempting to pick 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 believed to be currently fully validating cubes with Bitcoin Core 0.11 or afterwards:

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BTCC: BTCC read this post here is a Bitcoin exchange, wallet, and mining pool located in China. Its mining pool currently controls around 15% 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 the network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious celebrity 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 claimed this was a feature and not a bug. This malware would enable Bitmain to remotely shut down equipment of customers or competitors thus increasing their own profitability.

Eligius: Eligius was one of the very 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 the network hash rate.

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

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