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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 charges 2% of all payouts. This might look like a lot but unlike other pools it stocks the transaction fees using its miners. At current prices, such amount to 1-2 BTC more each block.

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. However, the majority of the pools listed above are only for Bitcoin mining. Please visit our post on Ethereum mining pools for much more info on ETH specific pools.

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

Bitcoin mining pools are a means for Bitcoin miners to pool their resources 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 awarded 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 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 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 best method is to use the official BitCore client.

Should you take part in an Bitcoin mining pool then you will 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 launch software that may hard-fork the network that would likely result in tremendous financial damage.

Therefore, it is your responsibility to make certain that any Bitcoin mining energy you direct into a mining pool does not attempt to enforce network consensus rules you disagree with.

When segwit is triggered, you are going to 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 software that supports the GetBlockTemplate (GBT) RPC must be upgraded to support the BIP9 and BIP145 changes to GBT. All the programs linked previously that support GBT have been updated.

Segwit is already activated and enforced on testnet, so you may find it useful to check your infrastructure upgrade by mining with some 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 pick the most popular one, it's better for the health of the network to mine with pools so as to prevent 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 is a Bitcoin exchange, wallet, and mining pool located in China. Its mining pool currently controls around 15 percent of their network i thought about this 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 works Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem because of the AntBleed scandal in which 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 will enable Bitmain to remotely shut down equipment of customers or competitors thus increasing their own profitability.

Eligius: Eligius was one of the first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core developer. Today, the pool controls just under 1% of the 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 speed.

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

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