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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 What are Slush Pools Charges Slush Pool charges 2% of payouts. This may seem like a lot but unlike other pools it stocks the transaction fees using its miners. At current levels, such amount to 1-2 BTC more per block.

In addition they make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many people want to use the pools over for Ethereum too. But, 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.

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To get LTC mining you will need separate hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your town. But most probably you'll need to pay income tax on income from mining pools exactly like you would for any other type of income.

Bitcoin mining pools are a way for Bitcoin miners to pool their funds together and discuss 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 who present a valid evidence of work that their Bitcoin miner solved. Bitcoin mining in pools began when the difficulty for mining increased to the point where 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 couple of years.

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

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

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For instance, some rogue developers have threatened to launch applications that could hard-fork the network which would probably result in tremendous financial damage.

Because of this, it is your duty to make certain any Bitcoin mining power you direct to a mining pool does not try to enforce network consensus rules you disagree with.

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

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Please note go now that applications that supports the GetBlockTemplate (GBT) RPC has to be upgraded to support both the BIP9 and BIP145 changes to GBT. Each of the apps linked previously that aid GBT have been updated.

Segwit is triggered and enforced on testnet, which means you could find it useful to test your infrastructure update by mining with a little 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. Even though it's tempting to pick the very popular one, it's 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 blocks with Bitcoin Core 0.11 or later:

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BTCC: Digital Currency Trading Platform BTCC is a Bitcoin exchange, wallet, and mining pool located in China. Its mining pool currently controls around 15 percent of the 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 percent of their network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem because of the AntBleed scandal in which 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 consumers or competitors thus increasing their own profitability.

Eligius: Eligius was one of those very first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core developer. Nowadays, the pool controls just under 1% of their 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 rate.

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

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