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This will maximize your mining earnings. 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 Fees Slush Pool costs 2% of all payouts. This may seem like a lot but unlike other pools it shares the transaction fees using 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 people 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 much more info on ETH certain 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 lawyer in your area. But most likely you'll need to pay income tax on income from mining pools exactly like you would for any other type of income.

Bitcoin mining pools are a way for Bitcoin miners to pool their resources together and discuss their hashing power whilst splitting the reward evenly according to the amount of stocks they contributed to solving a block.

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

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

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

Because of this, it is your duty to make sure that any Bitcoin mining energy 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 in a position to mine and relay segwit-style blocks. The following mining applications has been updated to support segwit.

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Please note that software see this website that supports the GetBlockTemplate (GBT) RPC must be upgraded to support both 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 useful to test your infrastructure update 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 good 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 smaller pools so as 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 located in China. Its mining pool currently controls around 15% 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 first mining pool and maintains around 7 percent of the network hash speed.

Antpool: WARNING - Bitmain works Antpool and some consider these to be a malicious actor in the Bitcoin ecosystem because of their AntBleed scandal in which they were intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain claimed this read here was a feature and not a bug. This malware will enable Bitmain to shut down equipment of consumers or competitors thus increasing their own profitability.

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 Discover More of the network hash rate.

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

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

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