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This will 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 What are Slush Pools Charges Slush Pool charges 2% of payouts. This might look like a lot but unlike other pools it shares the transaction fees with its miners. At current prices, such amount to 1-2 BTC more each block.

In addition they make the Bitcoin TREZOR hardware pocket 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 visit our article on Ethereum mining pools for more info on ETH certain pools.

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For LTC mining you may need different hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your town. But most probably you'll have 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 discuss 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 this 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 difficulty was for miners to pool their funds so they could generate cubes faster and therefore receive a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every few decades.

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

Should you participate in an 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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By way of example, some rogue developers have threatened to release applications that may hard-fork the network that would likely result in tremendous financial harm.

Therefore, it is your duty to make certain that any Bitcoin mining energy you lead into 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 software has been updated to support segwit.

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Please note that applications that supports the GetBlockTemplate (GBT) RPC must be upgraded to support the BIP9 and BIP145 changes to GBT. Each of the programs linked previously that support GBT have been upgraded.

Segwit is triggered and enforced on testnet, so you may find it useful 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) additionally supports segwit by default.

There are many good Bitcoin mining pools to select from. Even though it's tempting to select the most popular one, it is better for the health of the network to mine with smaller pools so as to prevent potentially damaging 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 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 the network hash speed.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem because of the AntBleed scandal where they had been intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain claimed this was a feature and not a bug. website link This malware will enable Bitmain to shut down equipment of consumers or opponents thus increasing their own elevation.

Eligius: Eligius was one of those very first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core developer. Today, the pool controls just under 1% of the network hash rate.

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BitMinter: BitMinter, once one of the largest Bitcoin mining pools, now controls less than 1% of the network hash rate.

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

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