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This can maximize your mining profits. 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 costs 2% of payouts. This may seem like a great deal but unlike other pools it stocks the transaction fees using its miners. At current levels, such amount to 1-2 BTC more each block.

They also make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many individuals want to use the pools above for Ethereum too. But, the majority of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools for much more info on ETH specific 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 attorney in your area. But most probably you will need to pay income tax on income from mining pools exactly like you want any other kind 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 awarded to members of this Bitcoin mining pool that 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 for this problem was for miners to pool their resources in order that they could generate blocks quicker and therefore receive a portion of the Bitcoin block payoff 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 that you are in consensus with all the Bitcoin network. The best way is to use the official BitCore client.

Should you take part in an Bitcoin mining pool then you might want to ensure 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 launch applications that may hard-fork the network that would likely Visit Your URL result in tremendous financial damage.

Therefore, it is your duty to make sure any Bitcoin mining power you direct to a mining pool does not attempt to enforce network consensus rules you disagree with.

When segwit is activated, you will want to be able 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 upgraded to support the BIP9 and BIP145 changes to GBT. All the programs linked above that aid GBT have been upgraded.

Segwit is triggered and enforced on testnet, so you may find it helpful to check your infrastructure upgrade by mining with a small 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 pick the most popular one, it's better for the health of the network to mine with pools so as to prevent potentially damaging concentration of hashing power.

The following pools are believed 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 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 rate.

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

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

Kano CKPool: Kano CKPool was founded in 2014 and currently has around 3% of their network hash speed under its control.

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