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This can optimize your mining earnings. 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 Fees Slush Pool costs 2% of payouts. This might look like a lot but unlike other pools it shares the transaction fees with its miners. At current levels, these amount to 1-2 BTC more each block.

They also make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many people want to use the pools above for Ethereum too. However, most of the pools listed above are only for Bitcoin mining. Please visit our article on Ethereum mining pools for more info on ETH specific pools.

For LTC mining you may need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your town. But most probably you'll need to pay income tax on income from mining pools exactly as you would for any other type of income.

Bitcoin mining pools are a way for Bitcoin miners to pool their funds together and discuss their hashing power whilst splitting the reward equally 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 to this problem was for miners to pool their resources in order that they could generate cubes faster and therefore obtain a portion of this 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 you are in consensus with all the Bitcoin network. The very best way is to use the official BitCore client.

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

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For example, some rogue developers have threatened to release applications that may hard-fork the network that would likely result in tremendous financial damage.

Therefore, it's your responsibility to make sure any Bitcoin mining energy you lead to 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 able 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 upgraded to support both the BIP9 and BIP145 changes to GBT. Each of the programs linked above that support GBT have been updated.

Segwit is triggered and enforced on testnet, which means you could find it right here useful to test your infrastructure upgrade by mining with a little 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 select the most popular one, it is better for the health of the network to mine with smaller pools so as to prevent potentially damaging 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 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 initial mining pool and maintains around 7% of the network hash speed.

Antpool: WARNING - Bitmain works Antpool and some consider these to be a malicious actor in the Bitcoin ecosystem due to their AntBleed scandal where 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 would enable Bitmain to remotely shut down equipment of consumers or opponents thus increasing their own profitability.

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

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BitMinter: BitMinter, once one of the largest 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 speed under its control.