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This will optimize 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 Which are Slush Pools Fees Slush Pool charges 2% of all payouts. This may seem like a great deal but unlike other pools it stocks the transaction fees using its miners. At current prices, such amount to 1-2 BTC more each block.

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. But, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools for more info on ETH specific pools.

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To get LTC mining you will need separate hardware and a separate 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 would for any other kind 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 equally 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 at which it could take years for slower miners to generate a block.

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The solution for this difficulty was for miners to pool their funds in order that they could generate blocks quicker and therefore receive a portion of this Bitcoin block reward 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 very best method is to use the official BitCore client.

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

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

Therefore, it is your responsibility to make sure any Bitcoin mining power you direct to a mining pool does not try to enforce network consensus rules you disagree with.

When segwit is triggered, you important site 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 has to be upgraded to support both the BIP9 and BIP145 changes to GBT. Each of the programs linked previously that aid GBT have been updated.

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

There are many good Bitcoin mining pools to select from. Even though it's tempting to pick the most popular one, it is better for the health of the network to mine with smaller pools so as to avoid potentially harmful concentration of hashing this power.

The following pools are Thought to be currently fully validating cubes with Bitcoin Core 0.11 or later:

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BTCC: BTCC is a Bitcoin exchange, wallet, and mining more info here pool located in China. Its mining pool currently controls around 15% of the 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 percent of their network hash speed.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem because of 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 competitors thus increasing their own profitability.

Eligius: Eligius was one of the 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 rate.

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BitMinter: BitMinter, once one of the biggest Bitcoin mining pools, now controls less than 1 percent of their 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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