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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 Fees Slush Pool costs 2% of all payouts. This may seem like a lot but unlike other pools it shares the transaction fees with its miners. At current prices, such amount to 1-2 BTC more each block.
In addition they make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many people want to use the pools above for Ethereum too. However, the majority of the pools listed above are only for Bitcoin mining. Please visit our article on Ethereum mining pools to get more info on ETH specific pools.
To get LTC mining you may need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or attorney in your area. But most likely you will have to pay income tax on income from mining pools exactly as you want any other kind of income.
Bitcoin mining pools are a means for Bitcoin miners to pool their funds together and share their hashing power while 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 their Bitcoin miner solved. Bitcoin mining in pools began when the problem for mining increased to the point at which it might take years for slower miners to generate a block.
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The solution for this problem was for miners to pool their funds in order that they could generate cubes faster and therefore receive a portion of this 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 will need to ensure that you are in consensus with the Bitcoin network. The very best way is to use the official BitCore client.
If you participate 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 applications that could hard-fork the network that would likely result in tremendous financial damage.
Because of this, it is your duty helpful site to make certain that any Bitcoin mining power you direct into a mining pool does not try to this content 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 software has been upgraded to support segwit.
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Please note that applications that supports the GetBlockTemplate (GBT) RPC has to be updated to support both the BIP9 and BIP145 changes to GBT. All the apps linked previously that support GBT have been updated.
Segwit is already activated and enforced on testnet, which means you could find it useful to check your infrastructure update 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 good Bitcoin mining pools to choose from. Even though it's tempting to select the most popular one, it's better for the health of the network to mine with smaller 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 their 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 great post to read Antpool and some consider these to be a malicious actor in the Bitcoin ecosystem due to 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 would enable Bitmain to shut down equipment of customers 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 developer. Nowadays, the pool controls just under 1% of their network hash speed.
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BitMinter: BitMinter, once one of the largest Bitcoin mining pools, now controls less than 1% of their network hash speed.
Kano CKPool: Kano CKPool was founded in 2014 and currently has around 3% of their network hash speed under its control.