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

In addition they make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many people 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 article on Ethereum mining pools to get much more info on ETH certain pools.

 

 

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To get LTC mining you may 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 just like you would for any other type of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their funds together and discuss their hashing power whilst splitting the reward evenly 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 evidence of work that their Bitcoin miner solved. Bitcoin mining in pools began when the difficulty for mining increased to the point at which it might 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 cubes faster and therefore obtain a portion of this Bitcoin block payoff 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'll need to ensure you are in consensus with the Bitcoin network. The very best way is to use 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 launch software that may hard-fork the network which would likely result in tremendous financial harm.

Therefore, it's your duty to be sure any Bitcoin mining energy you direct into a mining pool does not attempt to enforce network consensus rules you disagree with.

When segwit is activated, 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 upgraded to support the BIP9 and BIP145 changes to GBT. Each of the programs linked previously that support GBT have been updated.

Segwit is already activated and enforced on testnet, so you could find it helpful to test your infrastructure upgrade by mining with a little 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 choose from. Although it's tempting to pick the very popular one, it is better for the health of the network to mine with smaller pools in order to prevent potentially damaging concentration of hashing power.

The following pools are Thought this hyperlink 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 percent of their network hash speed.

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 percent of their network hash speed.

Antpool: WARNING - Bitmain Crypto Tools works Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem due to their AntBleed scandal in which 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 shut down equipment of consumers or competitors thus increasing their own profitability.

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

 

 

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

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

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