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This can maximize 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 Fees Slush Pool costs 2% of payouts. This may seem like a lot but unlike other pools it shares the transaction fees using its miners. At current levels, these amount to 1-2 BTC more each block.

In addition they make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many people want to use the pools above for Ethereum too. However, most of the pools listed above are only for Bitcoin mining. Please see our article on Ethereum mining pools for more info on ETH certain pools.

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For LTC mining you will need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your town. But most probably you will need to pay income tax on income from mining pools exactly like you want any other type of income.

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

A"share" is given 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 problem for mining increased to the point at which it might take years for slower miners to generate a block.

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The solution for this problem was for miners to pool their resources so they could generate cubes faster 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 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 utilize the official BitCore client.

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

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

Therefore, it is your duty to be sure any Bitcoin mining power you lead into a mining pool does not try to enforce network consensus rules that 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 that software that supports the GetBlockTemplate (GBT) RPC has to be upgraded to support both the BIP9 and BIP145 changes to GBT. Each of the programs linked above that support GBT have been updated.

Segwit is triggered and enforced on testnet, so you may find it helpful to check 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 fantastic Bitcoin mining pools to select from. Although it's tempting to pick the very popular one, it's better for the health of the network to mine with pools in order to prevent potentially harmful concentration of hashing power.

The following pools are Thought to be currently fully go right here validating cubes with Bitcoin Core 0.11 or afterwards:

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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 the 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 due to their AntBleed scandal in which they had been intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain claimed this was a feature and not a bug. This malware would enable Bitmain to shut down equipment of consumers or competitors thus increasing their own profitability.

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

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

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

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