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This can maximize your mining profits. 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 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 with its miners. At current levels, these amount to 1-2 BTC more per block.

In addition they make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many people want to use the pools above for Ethereum too. But, the majority of the pools listed above are only for Bitcoin mining. Please visit our post on Ethereum mining pools for much more info on ETH specific pools.

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To get LTC mining you may need separate hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or attorney in your area. But most probably you will need to pay income tax on income from mining pools just as you would for any other kind of income.

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

A"share" is awarded 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 funds so they could generate blocks quicker and therefore receive a portion of the Bitcoin block payoff on a consistent basis, rather than randomly once every few years.

If you solo-mine, meaning you do not mine using a Bitcoin mining pool, then you'll need to ensure you are in consensus with all the Bitcoin network. The best way 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 behavior that's in agreement with your philosophy towards Bitcoin.

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By way of instance, some rogue developers have threatened to release software that could hard-fork the network that would likely result in tremendous financial harm.

Because of this, it is your duty to make certain any Bitcoin mining energy you direct to a mining pool does not try to enforce network consensus rules 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 applications that supports the GetBlockTemplate (GBT) RPC has to be updated to support both the BIP9 and BIP145 changes to GBT. All the programs linked view website previously that support GBT have been updated.

Segwit is triggered and enforced on testnet, so you may find it useful to check your infrastructure upgrade by mining with a little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression useful reference test mode (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 smaller pools so as 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 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 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 initial mining pool and maintains around 7 percent of their network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem because of the AntBleed scandal in which they had been intentionally including malware within mining equipment they sell. find In a corporate communication, Bitmain maintained this was a feature and not a bug. This malware would enable Bitmain to remotely shut down equipment of customers or competitors thus increasing their own elevation.

Eligius: Eligius was one of those 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 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 their network hash speed.

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

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