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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 What are Slush Pools Charges Slush Pool charges 2% of all payouts. This may seem like a great deal but unlike other pools it shares the transaction fees using its miners. At current levels, such 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, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools to get more info on ETH specific pools.

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For LTC mining you will need separate hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or attorney in your area. But most likely you'll need to pay income tax on income from mining pools exactly as you want any other kind of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their funds together and discuss their hashing power while splitting the reward equally according to the amount of stocks they contributed to solving a block.

A"share" is awarded to members of the Bitcoin mining pool that present a valid proof 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 for this problem was for miners to pool their resources in order that they could generate blocks quicker and therefore obtain a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every few decades.

Should you solo-mine, meaning you do not mine with a Bitcoin mining pool, then you'll need to ensure you are in consensus with all the Bitcoin network. The best method is to utilize the official BitCore client.

If you take part in an Bitcoin mining pool then you might 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 launch software that could hard-fork the network which would probably result in tremendous financial harm.

Therefore, it's your responsibility to be certain that any Bitcoin mining power you direct to a mining pool does not attempt to enforce network consensus rules that 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 upgraded to support segwit.

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Please note that software that supports the GetBlockTemplate (GBT) RPC has to be updated to support the BIP9 and BIP145 changes to GBT. Each of the programs linked above that support GBT have been updated.

Segwit is already activated and enforced on testnet, so you may find it useful to check your infrastructure update by mining with a small amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test mode (regtest) also supports segwit by default.

There are many good Bitcoin mining pools to select from. Although it's tempting to pick the most popular one, it's better for the health of the network to mine with smaller pools so as to avoid potentially damaging concentration of hashing power.

The following pools are Thought to be currently fully validating cubes with Bitcoin Core 0.11 or later:

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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 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 first mining pool and maintains around 7% of the network hash speed.

Antpool: WARNING - Bitmain works Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem due to their AntBleed scandal in which 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 next page malware would enable Bitmain to shut down equipment of customers or competitors thus increasing their own elevation.

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

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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% of the network hash speed under its control.

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