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This will maximize your mining profits. USA, east coast: 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 all payouts. This may seem like a lot but unlike other pools it shares the transaction fees with its miners. At current prices, such amount to 1-2 BTC more per block.

In addition they make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many people want to use the pools above 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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To get LTC mining you may need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or attorney in your town. But most likely you'll need to pay income tax on income from mining pools just like you would for any other kind 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 evenly according to the amount of stocks they contributed to solving a block.

A"share" is given to members of the Bitcoin mining pool that present a valid proof of work that their Bitcoin miner solved. Bitcoin mining in pools began when the problem 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 difficulty was for miners to pool their funds in order that they could generate blocks quicker and therefore obtain a portion of the Bitcoin block payoff on a consistent basis, rather than randomly once every few decades.

If 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 very best method is to utilize the official BitCore client.

Should you take part in a Bitcoin mining pool then you might want to ensure that they are engaging in behavior that's in agreement with your philosophy towards Bitcoin.

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

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

When segwit is triggered, you will want to be in a position to mine and relay segwit-style blocks. The following mining software has been upgraded to support segwit.

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Please note that applications 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 triggered and enforced on testnet, 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 style (regtest) also supports segwit by default.

There are many good Bitcoin mining pools to select from. Even though it's tempting to select the very popular one, it is better for site link the health of the network to mine with smaller pools in order to prevent potentially damaging concentration of hashing power.

The following pools are believed to be currently fully validating blocks 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 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 initial mining pool and maintains around 7% of click for more their network hash rate.

Antpool: WARNING - Bitmain works Antpool and some consider these 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 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.

Eligius: Eligius was one of those very first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core developer. 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 percent of the 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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