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This can 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 may seem like a great deal but unlike other pools it stocks the transaction fees with its miners. At current levels, such amount to 1-2 BTC more per block.
In addition they make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many individuals want to use the pools above for Ethereum too. However, the majority of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools for more info on ETH specific pools.
To get LTC mining you will need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your area. But most probably you will have to pay income tax on income from mining pools exactly as you want any other type of income.
Bitcoin mining pools are a way for Bitcoin miners to pool their funds together and discuss their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.
A"share" is given to members of this Bitcoin mining pool that present a valid evidence of work their Bitcoin miner solved. Bitcoin mining in pools began when the difficulty 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 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 couple of years.
Should you solo-mine, meaning you do not mine using a Bitcoin mining pool, then you'll need to ensure that you are in consensus with all the Bitcoin network. The best method is to utilize the official BitCore client.
If you take part in an Bitcoin mining pool then you will want to ensure that 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 applications that could hard-fork the network that would likely result in tremendous financial harm.
Therefore, it's your responsibility to make certain that any Bitcoin mining power you lead to a mining pool does not try to enforce network consensus rules you disagree with.
When segwit is triggered, you are going to want to be able to mine and relay segwit-style blocks. The following mining applications has been upgraded 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 programs linked previously that support GBT have been upgraded.
Segwit is already activated and enforced on testnet, so you may find it useful to check your infrastructure update by mining with some little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test mode (regtest) additionally supports segwit by default.
There are many good Bitcoin mining pools to select from. Even though it's tempting to select the very popular one, it is better for the health of the network to mine with pools in order to avoid potentially harmful concentration of hashing power.
The following pools are Thought to be currently fully validating blocks with Bitcoin Core 0.11 or afterwards:
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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 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% of their network hash speed.
Antpool: WARNING - Bitmain works Antpool and some consider them to be a malicious actor in the Bitcoin ecosystem because of the 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 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, try here a Bitcoin Core programmer. Today, the pool controls just under 1% of their network hash rate.
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BitMinter: BitMinter, once one of the biggest Bitcoin mining pools, now controls less than 1 percent of their network hash rate.
Kano CKPool: Kano CKPool was founded in 2014 and currently has around 3% of their network hash speed under its control.