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This can maximize your mining earnings. 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 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 per cube.

They also make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many people want to use the pools over 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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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 area. But most probably you will have to pay income tax on income from mining pools exactly as you want any other kind of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their resources together and discuss their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.

A"share" is awarded to members of this Bitcoin mining pool that 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 could 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 in order that 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 years.

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

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

 

 

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

Therefore, it's your responsibility to be certain that any Bitcoin mining power 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 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. All the apps linked above that support GBT have been updated.

Segwit is already activated and enforced on testnet, so you may find it helpful to test 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 choose from. Even though it's tempting to pick the most popular one, it's better for the health of the network to mine with pools in order 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 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% of the 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% of the 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 in which they were 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 customers or competitors thus increasing their own profitability.

Eligius: Eligius was visit this web-site 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 their network hash rate.

 

 

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

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

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