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This will optimize your mining profits. 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 costs 2% of all payouts. This may seem like a great deal but unlike other pools it stocks the transaction fees using its miners. At current levels, such amount to 1-2 BTC more per block.

In addition they make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many individuals want to use the pools over for Ethereum too. However, the majority of the pools listed above are only for Bitcoin mining. Please visit our post on Ethereum mining pools to get much more info on ETH certain pools.

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

Bitcoin mining pools are a means for Bitcoin miners to pool their funds together and share their hashing power whilst splitting the reward equally 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 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 to this difficulty was for miners to pool their funds so they could generate cubes faster and therefore receive a portion of the Bitcoin block payoff on a consistent basis, rather than randomly once every couple of decades.

If 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 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 behavior that's 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 straight from the source the network that would probably result in tremendous financial harm.

Because of this, it's your duty to make certain any Bitcoin mining power you lead into 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 software has been updated to support segwit.

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Please note that applications that supports the GetBlockTemplate (GBT) RPC must be updated to support both the BIP9 and BIP145 changes to GBT. All the apps linked above that aid GBT have been updated.

Segwit is already activated and enforced on testnet, so you may find it useful to test your infrastructure upgrade by mining with a small amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test style (regtest) also supports segwit by default.

There are many fantastic Bitcoin mining pools to choose from. Although it's tempting to select the very popular one, it's better for the health of the network to mine with pools in order to prevent potentially damaging concentration of hashing power.

The following pools are Thought to be currently fully validating blocks 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 initial mining pool and maintains around 7% of their network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem due to their 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 remotely shut down equipment of consumers or opponents 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. Today, the pool controls just under 1% of their network hash rate.

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BitMinter: BitMinter, once one of link the largest 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 rate under its control.

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