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This can maximize 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 Which are Slush Pools Charges Slush Pool charges 2% of payouts. This might look like a great deal but unlike other pools it stocks the transaction fees with its miners. At current levels, such amount to 1-2 BTC more per block.

They also make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many individuals want to use the pools over for Ethereum too. However, the majority of the pools listed above are only for Bitcoin mining. Please see our article on Ethereum mining pools for much more info on ETH certain pools.

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For 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 likely you will have to pay income tax on income from mining pools exactly like you would for any other kind 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 shares they contributed to solving a block.

A"share" is given to members of the Bitcoin mining pool who present a valid evidence of work 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 to this problem 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 couple of years.

If 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 all the Bitcoin network. The best method is to use the official BitCore client.

If you take part in a Bitcoin mining pool then you might want to ensure that they are 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 release applications that could hard-fork the network which would probably Go Here result in tremendous financial damage.

Because of this, it is your responsibility to make sure any Bitcoin mining power you direct into a mining pool does not try 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 software has been updated to support segwit.

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Please note that applications that supports the GetBlockTemplate (GBT) RPC must be upgraded to support both the BIP9 and BIP145 changes to GBT. All the programs linked previously that aid GBT have been updated.

Segwit is triggered and enforced on testnet, so you could find it helpful to test your infrastructure update by mining with some 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 select from. Although 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 prevent 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 located 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 their network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem because of their AntBleed scandal where they had been intentionally including malware within mining equipment they sell. In Resources a corporate communication, Bitmain maintained this was a feature and not a bug. This malware will enable Bitmain to shut down equipment of consumers or competitors thus increasing their own profitability.

Eligius: Eligius was one of the first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core developer. Nowadays, the pool controls just under 1% of the network hash speed.

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BitMinter: BitMinter, once one of his explanation the largest Bitcoin mining pools, now controls less than 1% of their network hash rate.

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

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