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This can optimize your mining earnings. USA, east shore: 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 charges 2% of all payouts. This may seem like a great deal but unlike other pools it shares the transaction fees with its miners. At current prices, these amount to 1-2 BTC more per block.

In addition they make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many individuals want to use the pools above for Ethereum too. But, most of the pools listed above are only for Bitcoin mining. Please see our article on Ethereum mining pools to get much more info on ETH certain 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 town. But most likely you will need to pay income tax on income from mining pools just as you would for any other kind 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 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 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 blocks quicker and therefore receive a portion of this Bitcoin block payoff on a consistent basis, rather than randomly once every couple of decades.

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

If 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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For example, some rogue developers have threatened to release software that may hard-fork the network which would probably result in tremendous financial harm.

Therefore, 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 you disagree with.

When segwit is activated, you will want to be able to look at this now 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 updated to support both the BIP9 and BIP145 changes to GBT. Each of the apps linked above that support GBT have been upgraded.

Segwit is triggered and enforced on testnet, which means you could 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 style (regtest) additionally supports segwit by default.

There are many good Bitcoin mining pools to select from. Even though 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 avoid 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% 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 speed.

Antpool: WARNING - Bitmain works Antpool and some consider look at this site these to be a malicious celebrity in the Bitcoin ecosystem because of the AntBleed scandal in which they had been intentionally including malware within mining equipment they sell. In 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 opponents thus increasing their own elevation.

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

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

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

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