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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 all payouts. This may seem like a lot but unlike other pools it shares the transaction fees with its miners. At current levels, these amount to 1-2 BTC more each 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 for more info on ETH specific pools.

 

 

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For LTC mining you may need different hardware and a separate pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your area. But most likely you'll have to pay income tax on income from mining pools just like you want any other type of income.

Bitcoin mining pools are a way for Bitcoin miners to pool their funds together and discuss their hashing power while splitting the reward equally according to the amount of stocks they contributed to solving a block.

A"share" is awarded to members of the Bitcoin mining pool that present a valid proof of work 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 resources in order that they could generate blocks quicker and therefore obtain a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every couple of years.

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 all the Bitcoin network. The very best method 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 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 software that could hard-fork the network that would probably result in tremendous financial harm.

Because of this, it's your responsibility to be sure that any Bitcoin mining power you lead to a mining pool does not try to enforce network consensus rules you disagree with.

When segwit is triggered, you will 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 software that supports the GetBlockTemplate (GBT) RPC must be upgraded to support both the BIP9 and BIP145 changes to visit the website GBT. All the apps linked above that support GBT have been updated.

Segwit is triggered and enforced on testnet, which means you could find it helpful to test your infrastructure upgrade by mining with a little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test style (regtest) also supports segwit by default.

There are many fantastic Bitcoin mining pools to choose from. Even though it's tempting to select the most 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 cubes 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 rate.

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 them to be a malicious celebrity in the Bitcoin ecosystem because of their AntBleed scandal where they were intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain claimed this was a feature and not a bug. This malware will enable Bitmain to remotely shut down equipment of customers or competitors thus increasing their own elevation.

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

 

 

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

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

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