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This can maximize 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 What are Slush Pools Charges Slush Pool charges 2% of all payouts. This might look 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 per cube.

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. However, most of the pools listed above are only for Bitcoin mining. Please see our article on Ethereum mining pools for more info on ETH specific pools.

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For LTC mining you may need different hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or attorney in your town. But most likely you will need to pay income tax on income from mining pools exactly as you want any other type of income.

Bitcoin mining pools are a way for Bitcoin miners to pool their resources 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 that present a valid proof of work that their Bitcoin miner solved. Bitcoin mining in pools began when the difficulty for mining increased to the point where 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 resources so they could generate cubes faster and therefore obtain a portion of this Bitcoin block reward on a consistent basis, rather than randomly once every couple of 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 the Bitcoin network. The very best method is to use the official BitCore client.

Should you take part in an Bitcoin mining pool then you might want to ensure that they are engaging in behavior that is in agreement with your philosophy towards Bitcoin.

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

Therefore, it is your responsibility to be sure any Bitcoin mining energy you lead into a mining pool does not try to enforce network consensus rules you disagree with.

When segwit is activated, you will want to be in a position to mine and relay segwit-style blocks. The following mining applications has been updated to support segwit.

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Please note that software that supports the GetBlockTemplate (GBT) RPC must be upgraded to support the BIP9 and BIP145 changes to GBT. Each of the programs linked above that aid GBT have been upgraded.

Segwit is already activated and enforced on testnet, so you may find it helpful to check your infrastructure update by mining with some 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 select from. Although it's tempting to pick the very popular one, it is 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 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 speed.

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 works Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem due to their 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 will enable Bitmain to remotely shut down equipment of customers or opponents thus increasing their own profitability.

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

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BitMinter: BitMinter, once one of the largest Bitcoin mining pools, now controls less than 1% of their 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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