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This can optimize your mining profits. 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 Which are Slush Pools Fees Slush Pool charges 2% of all payouts. This might look like a lot but unlike other pools it stocks the transaction fees using its miners. At current levels, such amount to 1-2 BTC more each block.
They also make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many individuals want to use the pools above for Ethereum too. However, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools to get more info on ETH certain pools.
For LTC mining you will need different hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your area. But most probably you'll have to pay income tax on income from mining pools just like you want any other kind of income.
Bitcoin mining pools are a means for Bitcoin miners to pool their funds together and share 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 this Bitcoin mining pool who present a valid proof of work that their Bitcoin miner solved. Bitcoin mining in pools began when the problem 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 funds so they could generate blocks quicker and therefore obtain a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every few years.
Should you solo-mine, meaning you do not mine using a Bitcoin mining pool, then you'll need to ensure you are in consensus with the Bitcoin network. The very 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 behavior that's in agreement with your philosophy towards Bitcoin.
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For example, some rogue developers have threatened to launch applications that may hard-fork the network which would probably result in tremendous financial harm.
Because of this, it is your responsibility to be sure any Bitcoin mining energy you direct into a mining pool does advice not attempt to enforce network consensus rules that you disagree with.
When segwit is activated, you are going to want to be able 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 must be upgraded to support the BIP9 and BIP145 changes to GBT. All the apps linked above that aid GBT have been updated.
Segwit is triggered and enforced on testnet, which means you could find it helpful to check your infrastructure upgrade by mining with some small 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 choose from. Although it's tempting to select the very popular one, it is better for the health of the network to mine with smaller pools so as to prevent potentially damaging 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 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% of the network hash speed.
Antpool: WARNING - Bitmain works Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem due to the 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 would enable Bitmain to shut down equipment of consumers or competitors 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 programmer. Today, the pool controls just under 1% of their 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 has been founded in 2014 and currently has around 3 percent of their network hash speed under its control.