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This can maximize 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 Which are Slush Pools Charges Slush Pool charges 2% of all payouts. This may seem like a lot but unlike other pools it stocks the transaction fees using its miners. At current prices, these amount to 1-2 BTC more per cube.

In addition they make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many individuals 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 post on Ethereum mining pools for more info on ETH certain pools.

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For LTC mining you will need separate hardware and another pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your area. But most probably you will have to pay income tax on income from mining pools just as you want any other type of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their resources together and discuss 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 the Bitcoin mining pool who present a valid evidence of work that their Bitcoin miner solved. Bitcoin mining in pools began when the problem for mining increased to the point where 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 funds so they could generate blocks quicker 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'll need to ensure you are in consensus with all the Bitcoin network. The best method is to use the official BitCore client.

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

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

Therefore, it is your duty to make sure that any Bitcoin mining energy you lead into a mining pool does not attempt 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 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 both the BIP9 and BIP145 changes to GBT. All the programs linked previously that aid GBT have been upgraded.

Segwit is already activated and enforced on testnet, which means you may find it helpful to check 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 good Bitcoin mining pools to select from. Even though it's tempting to pick the very popular one, it's 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 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% 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 the original source initial mining pool and maintains around 7 percent of their network hash speed.

Antpool: WARNING - Bitmain operates Antpool and some consider them to be a malicious celebrity in the Bitcoin ecosystem due to the AntBleed scandal where they were 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 consumers or competitors thus increasing their own elevation.

Eligius: Eligius was one of those very first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core programmer. view publisher site Today, the pool controls just under 1 percent of the network hash speed.

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BitMinter: BitMinter, once one of the biggest Bitcoin mining pools, now controls less than 1 percent 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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