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

They also 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 post on Ethereum mining pools for 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 have to consult an accountant or attorney in your area. But most likely you'll need to pay income tax on income from mining pools just like you want any other kind of income.

Bitcoin mining pools are a way 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 awarded to members of the Bitcoin mining pool that present a valid evidence of work their Bitcoin miner solved. Bitcoin mining in pools began when the difficulty for mining increased to the point at which it might take years for slower miners to generate a block.

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The solution to this problem was for miners to pool their funds 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 couple of decades.

Should 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 best way is to use the official BitCore client.

If you participate 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 could hard-fork the network that would likely result in tremendous financial harm.

Because of this, it is your duty to be certain any Bitcoin mining power you direct to a mining pool does not attempt to enforce network consensus rules that 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 applications that supports the GetBlockTemplate (GBT) RPC must be updated to support both the BIP9 and BIP145 changes to GBT. Each of the apps linked above that support GBT have been upgraded.

Segwit is already activated and enforced on testnet, which means you could find it helpful to check your infrastructure update by mining with some small amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression visit here test style (regtest) additionally supports segwit by default.

There are many good Bitcoin mining pools to choose from. Although it's tempting to select the most popular one, it's 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 Thought to be currently fully validating cubes 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 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% of their network hash rate.

Antpool: WARNING - Bitmain works Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem due to their AntBleed scandal in which 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 will enable Bitmain to shut down equipment of customers or competitors thus increasing their own elevation.

Eligius: Eligius was one of the first Bitcoin mining pools and was founded Continue by Luke Dashjr, a Bitcoin Core programmer. Today, 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% of their network hash rate.

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

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