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This can maximize 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 Fees Slush Pool costs 2% of all payouts. This might look like a lot but unlike other pools it shares the transaction fees using its miners. At current levels, such amount to 1-2 BTC more per cube.

In addition they make the Bitcoin TREZOR hardware wallet 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 see our article 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 attorney in your area. But most likely you will have to pay income tax on income from mining pools exactly as you want any other kind of income.

Bitcoin mining pools are a way for Bitcoin miners to pool their resources together and share their hashing power whilst 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 evidence of work that 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 problem was for miners to pool their funds so they could generate cubes faster and therefore receive a portion of the Bitcoin block payoff on a consistent basis, rather than randomly once every couple of decades.

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

If you take part in an Bitcoin mining pool then you will want to ensure they are engaging in behaviour that's in agreement with your philosophy towards Bitcoin.

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

Because of this, it is your duty to make sure any Bitcoin mining energy you direct into a mining pool does not try to enforce network consensus rules 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 software has been upgraded to support segwit.

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Please note that applications 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 aid GBT have been updated.

Segwit is already activated and enforced on testnet, so you may find it helpful to test your infrastructure update by mining with a little amount of hashrate on testnet. Alternatively, Bitcoin Core web 0.13.1s regression test mode (regtest) also supports segwit by default.

There are many fantastic Bitcoin mining pools to select from. Even though it's tempting to select the most popular one, it's better for the health of the network to mine with pools in order to avoid potentially damaging concentration of hashing power.

The following pools are Thought 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 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 initial mining pool and maintains around 7 percent of the 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 maintained this was a feature and not a bug. This malware will enable Bitmain to shut down equipment of customers or competitors thus increasing their own elevation.

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

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