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This can 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 Charges Slush Pool charges 2% of payouts. This may seem like a great deal but unlike other pools it stocks the transaction fees with its miners. At current prices, these amount to 1-2 BTC more each block.

In addition they make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many individuals want to use the pools over for Ethereum too. However, most of the pools listed above are only for Bitcoin mining. Please see our article on Ethereum mining pools to get more info on ETH specific pools.

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For LTC mining you may need separate hardware and another pool. Bitcoin Mining Pool Taxes Youll need 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 want any other kind of income.

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

A"share" is awarded 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 for 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 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 very best way is to use the official BitCore client.

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

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

Because of this, it's your responsibility to be sure any Bitcoin mining energy you direct into a mining pool does not try to enforce network consensus rules that 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 check these guys out 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 support GBT have been upgraded.

Segwit is already activated and enforced on testnet, which means you could find it useful to test your infrastructure update by mining with a little 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 choose from. Although it's tempting to select the most popular one, it's better for the health of the network to mine with pools in order to avoid potentially damaging 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% 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 useful content enable Bitmain to shut down equipment of consumers or competitors thus increasing their own profitability.

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

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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 percent of the network hash rate under its control.

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