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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 What are Slush Pools Fees Slush Pool costs 2% of all payouts. This might look 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.

They also make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many people 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 post on Ethereum mining pools for much more info on ETH specific pools.

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To get LTC mining you will need different hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or attorney in your area. But most probably you'll need to pay income tax on income from mining pools just like you want any other kind of income.

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

A"share" is awarded to members of this Bitcoin mining pool that present a valid evidence of work their Bitcoin miner solved. Bitcoin mining in pools began when the problem for mining increased to the point where it could 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 in order that they could generate cubes faster and therefore obtain a portion of the Bitcoin block payoff on a consistent basis, rather than randomly once every few years.

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

If you take part in an Bitcoin mining pool then you will 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 example, some rogue developers have threatened to launch software that could hard-fork the network that would probably result in tremendous financial damage.

Therefore, it is your responsibility to be certain any Bitcoin mining energy you lead to a mining pool does not attempt to enforce network consensus rules that you disagree with.

When segwit is activated, you are going to 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 applications that supports the GetBlockTemplate (GBT) RPC must be updated to support the BIP9 and BIP145 changes to GBT. Each of the apps linked previously that aid GBT have been upgraded.

Segwit is triggered and enforced on testnet, so you may find it helpful to test your infrastructure upgrade 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 fantastic Bitcoin mining pools to choose from. Even though it's tempting to select the most popular one, it is better for the health of the network to mine with pools in order to avoid potentially harmful concentration of hashing power.

The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.11 browse around here 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 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 speed.

Antpool: WARNING - Bitmain operates Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem due to their AntBleed scandal in which 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 would enable Bitmain to shut down equipment of consumers or opponents thus increasing their own profitability.

Eligius: Eligius was one of the very first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core developer. Today, the pool controls just under 1 percent of their network click for info 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 rate.

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

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