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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 costs 2% of payouts. This may seem like a great deal but unlike other pools it stocks the transaction fees using its miners. At current levels, such amount to 1-2 BTC more per block.
In addition they make the Bitcoin TREZOR hardware wallet 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 visit our article on Ethereum mining pools for much more info on ETH specific pools.
For LTC mining you will need different hardware and a separate 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 exactly like you want any other type 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 evenly 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 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 resources in order that they could generate blocks quicker and therefore obtain a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every couple of 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 use the official BitCore client.
If you participate in a 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 example, some rogue developers have threatened to launch applications that could hard-fork the network which would likely result in tremendous financial harm.
Because of this, it is your responsibility to make certain any Bitcoin a fantastic read mining power you lead to 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 in a position 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 upgraded to support both the BIP9 and BIP145 changes to GBT. All the programs linked previously that aid GBT have been upgraded.
Segwit is triggered and enforced on testnet, which means 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 style (regtest) also supports segwit by default.
There are many good Bitcoin mining pools to select from. Although it's tempting to pick the most popular one, it's better for the health of the network to mine with 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% 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% of the network hash speed.
Antpool: WARNING - Bitmain works Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem due to the AntBleed scandal where 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 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 was founded by Luke Dashjr, a Bitcoin Core developer. Today, the pool controls just under 1% of the network hash speed.
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BitMinter: BitMinter, once one of the largest 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 percent of their network hash speed under its control.