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This can maximize your mining earnings. 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 charges 2% of payouts. This might look like a great deal but unlike other pools it stocks the transaction fees with its miners. At current prices, these 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 see our article on Ethereum mining pools to get much more info on ETH certain pools.

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To get LTC mining you will need different hardware and another pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your area. But most probably you'll need 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 resources 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 evidence of work their Bitcoin miner solved. Bitcoin mining in pools began when the problem for mining increased to the point where it could 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 obtain a portion of this Bitcoin block reward on a consistent basis, rather than randomly once every few decades.

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

If you take part in an Bitcoin mining pool then you will want to ensure they are engaging in behavior that's in agreement with your philosophy towards Bitcoin.

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

Because of this, it's your responsibility to be sure that any Bitcoin mining energy you direct to a mining pool does not try to enforce network consensus rules that you disagree with.

When segwit is activated, you are going to want to be able to mine and relay segwit-style blocks. The following mining applications has been upgraded to support segwit.

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Please note that software that supports the GetBlockTemplate (GBT) RPC must be upgraded to support both the BIP9 and BIP145 changes to GBT. Each of the apps linked above that aid GBT have been upgraded.

Segwit is already activated and enforced on testnet, so you could find it useful to test your infrastructure update 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 choose from. Although 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 power.

The following pools are believed 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 pool located in China. Its mining pool currently controls around 15 percent 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% of their network hash speed.

Antpool: WARNING - Bitmain operates Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem because of their 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. This malware will enable Bitmain to shut down equipment of consumers 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. Today, the pool controls just under 1% of the network hash rate.

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BitMinter: BitMinter, once one of the biggest 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 click here for info percent of their network hash speed under its control.

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