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This can maximize 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 payouts. This may seem like a great deal but unlike other pools it shares the transaction fees with its miners. At current levels, these amount to 1-2 BTC more each block.

In addition they make the Bitcoin TREZOR hardware wallet 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 more info on ETH certain pools.

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For LTC mining you will need different hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your town. But most likely you'll need to pay income tax on income from mining pools exactly as you want 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 evenly 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 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 blocks quicker and therefore obtain a portion of this 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 will 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 an 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 instance, some rogue developers have threatened to launch applications that could hard-fork the network which would likely result in tremendous financial damage.

Therefore, it is your duty to make sure that any Bitcoin mining power you direct to a mining pool does not attempt to enforce network consensus rules that 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 software has been updated to support segwit.

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Please note that applications that supports the GetBlockTemplate (GBT) RPC has to be upgraded to support both the BIP9 and BIP145 changes to GBT. All the apps linked previously that aid GBT have been upgraded.

Segwit is triggered and enforced on testnet, so you could find it useful to test your infrastructure update by mining with a small amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test style (regtest) also supports segwit by default.

There are many good Bitcoin mining pools to choose from. Although it's tempting to select the very popular one, it is better for the health of the network to mine with smaller pools so as to prevent Visit This Link potentially harmful concentration of hashing power.

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

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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 percent of the network hash rate.

Antpool: WARNING - Bitmain works Antpool and some consider them to be a malicious celebrity in the Bitcoin ecosystem because of their 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 consumers or opponents thus increasing their own elevation. i was reading this

Eligius: Eligius was one of the very first Bitcoin mining pools and has been 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% of the network hash rate.

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

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