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This will optimize 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 Which are Slush Pools Fees Slush Pool costs 2% of all payouts. This might look like a great deal but unlike other pools it stocks the transaction fees with its miners. At current prices, these amount to 1-2 BTC more per cube.

They also make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many individuals want to use the pools above for Ethereum too. However, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools for much more info on ETH certain pools.

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To get LTC mining you may need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your town. But most probably you will have to pay income tax on income from mining pools exactly as you would for any other type of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their resources together and discuss 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 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 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 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 couple of years.

If you solo-mine, meaning you do not mine with a Bitcoin mining pool, then you'll need to ensure that you are in consensus with the get more Bitcoin network. The very best method is to use 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's in agreement with your philosophy towards Bitcoin.

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

Because of this, it's your duty to make sure any Bitcoin mining power you lead into a mining pool does not try to enforce network consensus rules that 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 updated to support segwit.

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

Segwit is triggered and enforced on testnet, which means you could find it helpful to check your infrastructure update by mining with a little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test look at these guys style (regtest) additionally supports segwit by default.

There are many fantastic Bitcoin mining pools to select from. Even though it's tempting to select the very popular one, it is better for the health of the network to mine with pools in order to avoid potentially harmful 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 their network hash rate.

Slush Pool: Slush Pool is run by Satoshi see this site Labs, a Bitcoin company based in the Czech Republic. Slush Pool was the first mining pool and maintains around 7% of their network hash speed.

Antpool: WARNING - Bitmain operates Antpool and some consider them to be a malicious celebrity in the Bitcoin ecosystem because of the AntBleed scandal where they had been intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain maintained this was a feature and not a bug. This malware would enable Bitmain to shut down equipment of consumers or opponents 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 programmer. Nowadays, 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 percent of the network hash rate.

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

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