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This will 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 What are Slush Pools Charges Slush Pool charges 2% of all 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 cube.
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, most of the pools listed above are only for Bitcoin mining. Please see our article on Ethereum mining pools to get much more info on ETH specific pools.
For 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 likely you will need 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 funds together and discuss their hashing power whilst splitting the reward equally according to the amount of shares they contributed to solving a block.
A"share" is given to members of the 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 where it could 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 receive a portion of the Bitcoin block reward on a consistent basis, rather than randomly once every few years.
Should 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 participate 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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By way of example, some rogue developers have threatened to release software that could hard-fork the network which would likely result in tremendous financial harm.
Because of this, it's your responsibility to make sure that any Bitcoin mining power you lead 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 in a position 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 my company has to be updated to support the BIP9 and BIP145 changes to GBT. Each of the programs linked previously that aid GBT have been upgraded.
Segwit is triggered and enforced on testnet, so you may find it useful to check your infrastructure upgrade by mining with some little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test style (regtest) additionally supports segwit by default.
There are many fantastic Bitcoin mining pools to select from. Even though 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 damaging concentration of hashing power.
The following pools are Thought 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 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 due to their AntBleed scandal in which 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 shut down equipment of customers or competitors thus increasing their own profitability.
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 percent of their network hash rate.
Kano CKPool: Kano CKPool has been founded in 2014 and currently has around 3 percent of their network hash rate under its control.