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This can 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 Which are Slush Pools Charges Slush Pool costs 2% of payouts. This might look like a great deal 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 people want to use the pools over for Ethereum too. But, most 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 specific pools.

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For LTC mining you may need separate hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your town. But most likely you'll have to pay income tax on income from mining pools exactly like you want any other type 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 evenly according to the amount of shares they contributed to solving a block.

A"share" is given to members of the Bitcoin mining pool that present a valid proof of work their Bitcoin miner solved. Bitcoin mining in pools began when the problem 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 funds so they could generate cubes faster and therefore receive 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 using a Bitcoin mining pool, then you'll need to ensure you are in consensus with all the Bitcoin network. The very best way is to use the official BitCore client.

If 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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For example, some rogue developers have threatened to release software that could hard-fork the network which would probably result in tremendous financial harm.

Therefore, it is your responsibility to be certain 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 able 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 updated to support both the BIP9 and BIP145 changes to GBT. Each of the apps linked previously that support GBT have been upgraded.

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

There are many good Bitcoin mining pools to select from. Even though it's tempting to pick the very popular one, it is better for the health of the network to mine with smaller pools so as to avoid potentially harmful concentration of hashing power.

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

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BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool located in China. Its mining pool currently controls around 15% of the network hash rate.

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 rate.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem due to their AntBleed scandal where 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 opponents thus increasing their own elevation.

Eligius: Eligius was one of the first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core developer. Today, the pool controls just under 1 percent click to read of the network hash rate.

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

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

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