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This can optimize your mining earnings. 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 costs 2% of all payouts. This may seem like a great deal but unlike other pools it shares 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. However, most of the pools listed above are only for Bitcoin mining. Please visit our post on Ethereum mining pools for much more info on ETH specific pools.

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For LTC mining you will need separate hardware and another pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your town. But most probably you will have to pay income tax on income from mining pools just as you would for any other type 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 evenly according to the amount of stocks they contributed to solving a block.

A"share" is awarded 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 at which it could 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 cubes faster and therefore obtain a portion of this Bitcoin block reward on a consistent basis, rather than randomly once every couple of decades.

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

If you participate in an Bitcoin mining pool then you might want to ensure that they are Read Full Article engaging in behaviour that is in agreement with your philosophy towards Bitcoin.

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

Because of this, it's your duty to be certain that any Bitcoin mining power you direct to a mining pool does not attempt to enforce network consensus rules you disagree with.

When segwit is triggered, you are going to want to be able to mine and relay segwit-style blocks. The following mining applications 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 programs linked previously that aid GBT have been upgraded.

Segwit is already activated and enforced on testnet, so you may find it useful to test your infrastructure upgrade by mining with some small amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test mode (regtest) additionally supports segwit by default.

There are many fantastic Bitcoin mining pools to select from. Even though it's tempting to select the very popular one, it is 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 believed 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 speed.

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 speed.

Antpool: WARNING - Bitmain works Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem due to their 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 will enable Bitmain to shut down equipment of customers or opponents thus increasing their own elevation.

Eligius: Eligius was one of those 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 their 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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