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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 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, such amount to 1-2 BTC more per block.

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

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For LTC mining you will need separate hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or attorney in your town. But most probably you'll need to pay income tax on income from mining pools just as you would for any other type 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 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 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 for this problem was for miners to pool their resources so they could generate blocks quicker and therefore obtain a portion of this Bitcoin block payoff on a consistent basis, rather than randomly once every few years.

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

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

Therefore, it's your duty to make certain 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 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 applications that supports the GetBlockTemplate (GBT) RPC must be upgraded to support both the BIP9 and BIP145 changes to GBT. All the programs linked above that aid GBT have been updated.

Segwit is triggered and enforced on testnet, so you may find it helpful to test your infrastructure upgrade by mining with some small amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test mode (regtest) additionally supports segwit by default.

There are many you can try here good Bitcoin mining pools to select from. Although it's tempting to select the very popular one, it's better for the health of the network to mine with smaller pools so as to avoid potentially damaging concentration of hashing power.

The following pools are Thought to be currently fully validating blocks with Bitcoin Core 0.11 or afterwards:

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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 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 their network hash rate.

Antpool: WARNING - Bitmain works Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem because of the AntBleed scandal in which they had been intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain maintained this was a feature and not a bug. This malware would enable Bitmain to remotely shut down equipment of customers or competitors thus increasing their own profitability.

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

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

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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