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This can optimize your mining profits. 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 charges 2% of all payouts. This may seem like a great deal but unlike other pools it shares the transaction fees using its miners. At current prices, such amount to 1-2 BTC more each cube.

They also make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many people want to use the pools over for Ethereum too. But, most of the pools listed above are only for Bitcoin mining. Please visit our article on Ethereum mining pools for much more info on ETH specific pools.

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For LTC mining you may need different hardware and a separate pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your town. But most probably you will need to pay income tax on income from mining pools exactly like you want any other kind of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their funds 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 that present a valid proof of work 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 couple of decades.

Should 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 very best method is to utilize the official BitCore client.

Should you take part in a Bitcoin mining pool then you will want to ensure they are engaging in behaviour that is in agreement with your philosophy towards Bitcoin.

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For example, some rogue developers have threatened to release software that could hard-fork the network which would probably result in tremendous financial harm.

Because of this, it is your duty to make sure any Bitcoin mining energy you lead into a mining pool does not try to enforce network consensus rules you disagree with.

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

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

Segwit is triggered and enforced on testnet, which means you could find it helpful 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 fantastic 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 smaller pools in order to avoid potentially harmful 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 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 first mining pool and maintains around 7 percent of their network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem due to the AntBleed scandal where they were 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 the first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core developer. Today, the pool controls just under try here 1 percent of the network hash speed.

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

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

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