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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 costs 2% of all payouts. This might look like a great deal but unlike other pools it shares the transaction fees using its miners. At current prices, such amount to 1-2 BTC more per block.

They also make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many people 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 more info on ETH specific pools.

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To get LTC mining you may need different 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 have to pay income tax on income from mining pools exactly like you want any other type of income.

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

A"share" is awarded 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 problem 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.

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

If you take part in a Bitcoin mining pool then you might want to ensure they are engaging in behavior that's 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's your duty to be sure that any Bitcoin mining power you direct to a mining pool does not attempt to enforce network consensus rules you disagree with.

When segwit is triggered, you are going to want to be in a position 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 upgraded to support 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, so you may find it helpful to check your infrastructure upgrade by mining with some little 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 choose from. Even though it's tempting to select the most popular one, it's better for the health of the network to mine with smaller pools in order to avoid potentially harmful concentration of hashing power.

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

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BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool located in China. Its mining pool currently controls around 15% Go Here 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 initial mining pool and maintains around 7 percent of the 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 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 would enable Bitmain to remotely shut down equipment of consumers or opponents thus increasing their own profitability.

Eligius: Eligius was one of the first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core developer. Nowadays, the pool controls just under 1 percent 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 speed.

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

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