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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 Fees 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, these amount to 1-2 BTC more each block.

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. But, the majority of the pools listed above are only for Bitcoin mining. Please see our article on Ethereum mining pools to get much more info on ETH specific pools.

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To get LTC mining you will need different hardware and another pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or attorney in your town. But most probably you'll have to pay income tax on income from mining pools just as you want any other kind of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their resources 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 the Bitcoin mining pool who 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 difficulty was for miners to pool their funds so they could generate blocks quicker and therefore obtain a portion of this Bitcoin block payoff on a consistent basis, rather than randomly once every few years.

If you solo-mine, meaning you do not mine with a Bitcoin mining pool, then you will need to ensure you are in consensus with all the Bitcoin network. The best way is to use the official BitCore client.

If you participate in a Bitcoin mining pool then you will want to ensure 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 launch software that could hard-fork the network which would likely result in tremendous financial harm.

Therefore, it's your duty to be sure that any Bitcoin mining energy you direct to 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 applications has been upgraded 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 previously that aid 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 some 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 select the most popular one, it is better for the health of the network to mine with pools in order to prevent potentially damaging 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 situated 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% of the network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider these 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 feature and not a bug. This malware will enable Bitmain to shut down equipment of customers or additional hints competitors thus increasing their own profitability.

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

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BitMinter: BitMinter, once one of the biggest Bitcoin mining pools, now controls less than 1 percent of the network hash rate.

Kano CKPool: Kano CKPool has been founded in 2014 and currently has around 3 percent of their network hash rate under its control.

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