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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 payouts. This might look like a great deal but unlike other pools it stocks the transaction fees using its miners. At current prices, such 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 over for Ethereum too. But, most of the pools listed above are only for Bitcoin mining. Please visit our post on Ethereum mining pools for much more info on ETH certain pools.

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

Bitcoin mining pools are a way for Bitcoin miners to pool their funds together and discuss their hashing power while splitting the reward equally according to the amount of shares 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 at which 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 so 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'll need to ensure that you are in consensus with all the Bitcoin network. The best way is best site to utilize the official BitCore client.

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

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

Therefore, it's your responsibility to make certain that any Bitcoin mining power you direct into a mining pool does not try to enforce network consensus rules that you disagree with.

When segwit is activated, 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 the BIP9 and BIP145 changes to GBT. Each of the apps linked above that support GBT have been updated.

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

There are many fantastic Bitcoin mining pools to select from. Although it's tempting to select the very popular one, it's better for the health of the network to mine with pools in order to prevent 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 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 first mining pool and maintains around 7 percent of the network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious actor 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 remotely shut down equipment of customers or competitors thus increasing their own profitability.

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

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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% of the network hash speed under its control.

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