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

They also make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many people 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 article on Ethereum mining pools to get more info on ETH certain pools.

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For LTC mining you will need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or attorney in your area. But most probably 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 means for Bitcoin miners to pool their funds together and share their hashing power while splitting the reward evenly according to the amount of shares they contributed to solving a block.

A"share" is awarded to members of the Bitcoin mining pool that present a valid proof of work their Bitcoin miner solved. Bitcoin mining in pools began when the difficulty 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 to this difficulty was for miners to pool their resources so they could generate blocks quicker and therefore obtain a portion of this Bitcoin block reward on a consistent basis, rather than randomly once every couple of years.

If 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 best way is to use the official BitCore client.

Should you take this part in a 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 example, some rogue developers have threatened to release applications that could hard-fork the network that would likely result in tremendous financial harm.

Because of this, it is your duty to make certain any Bitcoin mining power 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 software has been updated 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. Each of the apps linked previously that aid GBT have been updated.

Segwit is triggered and enforced on testnet, so you could find it helpful to test your infrastructure update by mining with some little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test visit site style (regtest) also supports segwit by default.

There are many fantastic Bitcoin mining pools to choose from. Even though it's tempting to select the very popular one, it is better for the health of the network to mine with 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 later:

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BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool situated in China. Its mining pool currently controls around 15 percent of their 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 operates Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem because of 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 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. 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 speed.

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

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