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This will optimize your mining earnings. 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 great deal but unlike other pools it shares the transaction fees with its miners. At current levels, these amount to 1-2 BTC more per block.

In addition they make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many people want to use the pools over for Ethereum too. But, the majority of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools to get much more info on ETH certain pools.

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For LTC mining you may need different hardware and another pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your town. But most probably you will have 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 whilst splitting the reward equally 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 to this difficulty was for miners to pool their funds so they could generate blocks quicker and therefore obtain a portion of the Bitcoin block payoff 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 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 a Bitcoin mining pool then you might want to ensure that they are engaging in behavior that's in agreement with your philosophy towards Bitcoin.

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By way of example, some rogue developers have threatened to launch applications that could hard-fork the network that would probably result in tremendous financial harm.

Because of this, it's your responsibility to be certain that any Bitcoin mining power you lead into a mining pool does not attempt to enforce network consensus rules that you disagree with.

When segwit is triggered, you are going to 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 updated to support the BIP9 and BIP145 changes to GBT. All the programs linked previously that aid 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 small amount of hashrate on learn the facts here now testnet. Alternatively, Bitcoin Core 0.13.1s regression test style (regtest) also supports segwit by default.

There are many good Bitcoin mining pools to choose from. Even though it's tempting to pick the very popular one, it's 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 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% 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 first 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 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 will enable Bitmain to see page remotely shut down equipment of consumers or competitors thus increasing their own elevation.

Eligius: Eligius was one of the first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core developer. Nowadays, the pool controls just under 1 percent of their 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 rate.

Kano CKPool: Kano CKPool has been founded in 2014 and currently has around 3% of the network hash rate under its control.

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