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This will 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 Fees Slush Pool charges 2% of all payouts. This might look like a great deal 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 pocket and Coinmap.org. Ethereum Mining Pool Many people want to use the pools above for Ethereum too. However, the majority of the pools listed above are only for Bitcoin mining. Please visit our article on Ethereum mining pools for more info on ETH specific pools.
For LTC mining you may need different hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your area. But most likely you will have to pay income tax on income from mining pools just like you would for any other type of income.
Bitcoin mining pools are a means for Bitcoin miners to pool their funds together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.
A"share" is awarded to members of the Bitcoin mining pool who present a valid proof of work 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 problem was for miners to pool their resources in order that 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 years.
If 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 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 they are engaging in behaviour that is in agreement with your philosophy towards Bitcoin.
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For instance, some rogue developers have threatened to release software that may hard-fork the network which would probably result in tremendous financial harm.
Therefore, it's your responsibility to make certain that any Bitcoin mining power you direct into a mining pool does not attempt to enforce network consensus rules that you disagree with.
When segwit is activated, you will 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 must be updated to support both the BIP9 and BIP145 changes to GBT. All the programs linked previously that support GBT have been upgraded.
Segwit is triggered and enforced on testnet, which means you could find it useful to check your infrastructure update by mining with a 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 pick the very popular one, it's better for the health of the network to mine with smaller pools in order to prevent potentially damaging concentration of hashing power.
The following pools are Thought to be currently fully validating cubes with Bitcoin Core 0.11 or afterwards:
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BTCC: BTCC is a hop over to here Bitcoin exchange, wallet, and mining pool situated in China. Its mining pool currently controls around 15% of the 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 operates Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem because of the AntBleed scandal where they had been 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 remotely shut down equipment of consumers or opponents thus increasing their own profitability.
Eligius: Eligius was one of the first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core programmer. Nowadays, the pool controls just under 1% of the network hash rate.
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BitMinter: BitMinter, once one of the biggest 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 rate under its control.