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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 lot but unlike other pools it stocks the transaction fees with its miners. At current prices, such amount to 1-2 BTC more each block.
They also make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many people want to use the pools above for Ethereum too. However, the majority of the pools listed above are only for Bitcoin mining. Please visit our post on Ethereum mining pools to get much more info on ETH specific pools.
For LTC mining you will need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or attorney in your town. But most probably 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 resources together and share their hashing power whilst splitting the reward equally according to the amount of stocks they contributed to solving a block.
A"share" is awarded to members of this Bitcoin mining pool that present a valid evidence of work 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 difficulty was for miners to pool their funds so they could generate cubes faster and therefore obtain a portion of this Bitcoin block reward on a consistent basis, rather than randomly once every few decades.
Should you solo-mine, meaning you do not mine using a Bitcoin mining pool, then you will need to ensure you are in consensus with the Bitcoin network. The best way is to utilize the official BitCore client.
If you participate in a Bitcoin mining pool then you might want to ensure that they are engaging in behaviour that is in agreement with your philosophy towards Bitcoin.
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For instance, some rogue developers have threatened to launch software that may hard-fork the network which would probably result in tremendous financial harm.
Therefore, it's your duty to be certain any Bitcoin mining energy you lead into a mining pool does not try to enforce network consensus rules you disagree with.
When segwit is activated, you will want to be able to mine and relay segwit-style blocks. The following mining applications has been updated to support segwit.
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Please note that software that supports the GetBlockTemplate (GBT) RPC must be upgraded to support the BIP9 and BIP145 changes to GBT. Each of the programs linked previously that aid GBT have been updated.
Segwit is already activated and enforced on testnet, go to this web-site so you may find it helpful to test your infrastructure update by mining with some small amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test mode (regtest) also supports segwit by default.
There are many fantastic Bitcoin mining pools to select 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 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 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 first mining pool and maintains around 7% of the network hash rate.
Antpool: WARNING - Bitmain works Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem because of 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 shut down equipment of consumers or opponents thus increasing their own profitability.
Eligius: Eligius was one of those very first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core programmer. Today, the pool controls just under 1% of the network hash rate.
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BitMinter: BitMinter, once one of the biggest Bitcoin mining pools, now controls less than 1% of their network hash speed.
Kano CKPool: Kano CKPool has been founded in 2014 and currently has around 3% of the network hash rate under its control.