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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 What are Slush Pools Fees Slush Pool costs 2% of payouts. This might look 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 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, 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 specific pools.

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To get LTC mining you will need different hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your area. But most probably you will have 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 funds together and share their hashing power while 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 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 resources so they could generate blocks quicker and therefore obtain a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every couple of decades.

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 Bitcoin network. The very best method is to use the official BitCore client.

Should you take part in an Bitcoin mining pool then you might want to ensure they are his explanation 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 software that may hard-fork the network which would likely result in tremendous financial damage.

Because of this, it's your responsibility to be certain that any Bitcoin mining power 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 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 the BIP9 and BIP145 changes to GBT. All the apps linked above that support GBT have been updated.

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

There are many fantastic Bitcoin mining pools to select from. Even though it's tempting to pick the most popular one, it's better for the health of the network to mine with smaller pools in order to avoid potentially damaging concentration of hashing power.

The following pools are believed 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% 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% of their network hash rate.

Antpool: WARNING - Bitmain works Antpool and some consider them to be a malicious celebrity in the Bitcoin ecosystem because of the 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 remotely shut down equipment of customers or opponents thus increasing their own profitability.

Eligius: Eligius was one of those first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core developer. Nowadays, the pool controls just under 1 percent of their network hash rate.

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BitMinter: BitMinter, once read the full info here one of the largest Bitcoin mining pools, now controls less than 1 percent of their network hash speed.

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

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