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This can optimize your mining earnings. 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 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 levels, 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 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 more info on ETH certain pools.

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To get LTC mining you will need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your area. But most likely you will need to pay income tax on income from mining pools exactly as you want any other type of income.

Bitcoin mining pools are a way for Bitcoin miners to pool their resources 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 given to members of this 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 for this difficulty was for miners to pool their resources so they could generate cubes faster and therefore receive a portion of the Bitcoin block payoff on a consistent basis, rather than randomly once every few decades.

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 all the Bitcoin network. The best way is to utilize the official BitCore client.

If you participate 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 launch applications that may hard-fork the network that would probably result in tremendous financial harm.

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

When segwit is triggered, you are going to 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 software that supports the GetBlockTemplate (GBT) RPC must 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 website link is already activated and enforced on testnet, so you may 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 mode (regtest) also supports segwit by default.

There are many good Bitcoin mining pools to choose from. Although it's tempting to select 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 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 the network hash rate.

Slush Pool: Slush go to this web-site 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 the network hash rate.

Antpool: WARNING - Bitmain works Antpool and some consider these to be a malicious actor in the Bitcoin ecosystem because of their 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 Bonuses equipment of consumers or opponents thus increasing their own profitability.

Eligius: Eligius was one of those first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core programmer. Today, the pool controls just under 1 percent of their 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 speed.

Kano CKPool: Kano CKPool was founded in 2014 and currently has around 3% of the network hash speed under its control.

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