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This will 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 Charges Slush Pool charges 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 per block.

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

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

Bitcoin mining pools are a way for Bitcoin miners to pool their funds together and share their hashing power whilst splitting the reward evenly 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 problem for mining increased to the point at which it could 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 blocks quicker and therefore obtain a portion of the Bitcoin block payoff on a consistent basis, rather than randomly once every few years.

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 the Bitcoin network. The best method is to utilize the official BitCore client.

Should you participate in an Bitcoin mining pool then you might want to ensure that they are engaging in behaviour that is in agreement with your philosophy towards Bitcoin.

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By way of instance, some rogue developers have threatened to release software that may hard-fork the network which would probably result in tremendous financial damage.

Because of this, it is your responsibility to make sure any Bitcoin mining power you lead into a mining pool does not try to enforce network consensus rules 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 applications has been upgraded to support segwit.

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Please note that software that supports the GetBlockTemplate (GBT) RPC must be updated to support both the BIP9 check this and BIP145 changes to GBT. Each of the apps linked above that aid GBT have been updated.

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

There are many fantastic Bitcoin mining pools to choose from. Although it's tempting to pick the very popular one, it is better for the health of the network to mine with smaller pools in order to avoid 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% of their 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 percent of their network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider them to be a malicious celebrity in the Bitcoin ecosystem due to their AntBleed scandal where they were intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain claimed this was a look at this website feature and not a bug. This malware would enable Bitmain to shut down equipment of customers or opponents 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 developer. Today, 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 their 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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