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This will optimize 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 Which are Slush Pools Fees Slush Pool costs 2% of 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 per block.

They also 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 to get more info on ETH specific pools.

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To get LTC mining you will need different hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your area. But most likely you will need to pay income tax on income from mining pools just as you want any other kind of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their resources together and discuss 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 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 might take years for slower miners to generate a block.

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The solution for this difficulty was for miners to pool their resources in order that they could generate cubes faster and therefore obtain a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every few decades.

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 all the Bitcoin network. The best way is to utilize the official BitCore client.

If you take part in a Bitcoin mining pool then you might want to ensure that they are engaging in behaviour that is in agreement with your philosophy towards Bitcoin.

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By way of instance, some rogue developers have threatened to release software that could hard-fork the network which would probably result in tremendous financial harm.

Therefore, it's your duty to be sure any Bitcoin mining power you lead into 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 able to mine and relay segwit-style blocks. The following mining software 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 both the BIP9 and BIP145 changes to GBT. All the programs linked previously that support GBT have been updated.

Segwit is already activated and enforced on testnet, so you could find it useful to test 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 select the very popular one, it's better for the health of the network to mine with smaller pools so as to prevent potentially harmful 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 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 initial mining pool and maintains around 7 percent of their network hash speed.

Antpool: WARNING - Bitmain works Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem because of their AntBleed scandal in which they were intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain maintained this was a feature and not a bug. This malware would enable Bitmain to shut down equipment of customers 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 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 percent of their network hash speed.

Kano CKPool: Kano CKPool was founded in 2014 and currently has around 3 percent of their network hash rate How To Earn Bitcoin Without Mining under its control.

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