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This will optimize 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 stocks the transaction fees with its miners. At current levels, such amount to 1-2 BTC more each 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. But, most of the pools listed above are only for Bitcoin mining. Please see our article on Ethereum mining pools to get more info on ETH specific pools.

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For LTC mining you will need different hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or attorney in your area. But most likely you will have to pay income tax on income from mining pools exactly as you would for any other type of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their funds together and share their hashing power whilst splitting the reward evenly according to the amount of shares they contributed to solving a block.

A"share" is awarded to members of the 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 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 the 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'll need to ensure that you are in consensus with the Bitcoin network. The best way is to utilize the official BitCore client.

Should you participate in an 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 example, some rogue developers have threatened to launch software that could hard-fork the network that would likely result in tremendous financial harm.

Because of this, it is your responsibility to be sure any Bitcoin mining power you lead into a mining pool does not attempt to enforce network consensus rules that 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 basics been upgraded to support segwit.

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Please note that software that supports the GetBlockTemplate (GBT) RPC has to be updated to support the BIP9 and BIP145 changes to GBT. All the apps linked above that aid GBT have been updated.

Segwit is already activated and enforced on testnet, so you could find it helpful 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) additionally supports segwit by default.

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

The following pools are Thought 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 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 initial mining pool and maintains around 7% of their network hash speed.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious actor 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 claimed 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 profitability.

Eligius: Eligius was one of the very first Bitcoin mining pools and was 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 largest Bitcoin mining pools, now controls less than 1 percent of the network hash speed.

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

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