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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 Charges Slush Pool costs 2% of all payouts. This may seem like a lot but unlike other pools it stocks the transaction fees with its miners. At current levels, these 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 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 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 have 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 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 while 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 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 to this problem was for miners to pool their funds so they could generate blocks quicker and therefore receive a portion of this Bitcoin block payoff on a consistent basis, rather than randomly once every couple of years.

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

If you take part in a Bitcoin mining pool then you will want more to ensure that they are engaging in behavior that's 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 which would probably result in tremendous financial damage.

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

When segwit is activated, you are going to want to be in a position to mine and relay segwit-style blocks. The following mining applications has been upgraded 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. Each of the apps linked above that aid GBT have been updated.

Segwit is already activated and enforced on testnet, so you may find it helpful to check your infrastructure update by mining with a little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test mode (regtest) also supports segwit by default.

There are many good Bitcoin mining pools to choose from. Even though it's tempting to select the very popular one, it's 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 see or afterwards:

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BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool situated in China. Its mining pool currently click to read more 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 first mining pool and maintains around 7% of the network hash speed.

Antpool: WARNING - Bitmain operates Antpool and some consider them to be a malicious celebrity in the Bitcoin ecosystem because of their AntBleed scandal in which they had been 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 remotely shut down equipment of consumers or competitors thus increasing their own elevation.

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

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

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

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