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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 costs 2% of payouts. This may seem like a great deal but unlike other pools it shares the transaction fees using its miners. At current levels, such amount to 1-2 BTC more per cube.

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 for much more info on ETH certain pools.

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For LTC mining you will need different hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or attorney in your town. But most probably you will have to pay income tax on income from mining pools exactly as 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 evenly according to the amount of stocks they contributed to solving a block.

A"share" is awarded to members of this Bitcoin mining pool who present a valid evidence of work 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 in order that they could generate blocks quicker and therefore receive 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 using a Bitcoin mining pool, then you will need to ensure that you are site here in consensus with all the Bitcoin network. The best method is to utilize the official BitCore client.

If you participate in an Bitcoin mining pool then you might want to ensure they are engaging in behavior that is in agreement with your philosophy towards Bitcoin.

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For instance, some rogue developers have threatened to release applications that could hard-fork the network that would likely result in tremendous financial damage.

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

When segwit is triggered, you will 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 updated to support the BIP9 and BIP145 changes to GBT. All the apps linked above that aid GBT have been upgraded.

Segwit is already activated and enforced on testnet, which means you could find it useful to check your infrastructure update by mining with some little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test mode (regtest) additionally supports segwit by default.

There are many good Bitcoin mining pools to select from. Although it's tempting to select the most popular one, it is better for the health of the network to mine with pools in order to prevent potentially damaging 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% 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% of the network hash speed.

Antpool: WARNING - Bitmain works Antpool and some consider these 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 maintained this this was a feature and not a bug. This malware will enable Bitmain to shut down equipment of customers or opponents thus increasing their own elevation.

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

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