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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 Fees Slush Pool charges 2% of all payouts. This may seem 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 cube.

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. However, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools to get more info on ETH certain pools.

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For LTC mining you may need different hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your town. But most probably you'll have to pay income tax on income from mining pools exactly like 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 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 who present a valid proof of work 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 for this difficulty was for miners to pool their funds in order that 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.

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

If you try this website participate in a Bitcoin mining pool then you might want to ensure that they are engaging in behaviour that's in agreement with your philosophy towards Bitcoin.

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By way of instance, some rogue developers have threatened to launch applications that may hard-fork the network that would likely result in tremendous financial damage.

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

When segwit is triggered, you will want to be able 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 has to be upgraded to support both the BIP9 and BIP145 changes to GBT. Each of the programs linked previously that support GBT have been upgraded.

Segwit is already activated and enforced on testnet, which means you may find it helpful to check your infrastructure upgrade 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 choose 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 damaging concentration of hashing power.

The following pools are Thought 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 web link pool currently controls around 15% 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 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 the AntBleed scandal in which they were 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 customers or competitors thus increasing their own profitability.

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 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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