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This can maximize 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 costs 2% of all payouts. This may seem like a great deal but unlike other pools it shares the transaction fees using its miners. At current prices, 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, the majority of the pools listed above are only for Bitcoin mining. Please see our article on Ethereum mining pools for much more info on ETH specific pools.
To get LTC mining you may need separate hardware and another pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or attorney in your area. But most probably you will need to pay income tax on income from mining pools just like 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 evenly according to the amount of shares they contributed to solving a block.
A"share" is given to members of this Bitcoin mining pool who present a valid evidence of work that 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 for this difficulty 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.
If you solo-mine, meaning you do not mine with a Bitcoin mining pool, then you'll need to ensure you are in consensus with the Bitcoin network. The very best method is to use 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's in agreement with your philosophy towards Bitcoin.
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By way of instance, some rogue developers have threatened to launch applications that may hard-fork the network that would likely result in tremendous financial harm.
Because of this, it is your responsibility to be certain any Bitcoin mining power you direct to a mining pool does not attempt to enforce network consensus rules 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 updated to support segwit.
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Please note that software that supports the GetBlockTemplate (GBT) linked here RPC has to be updated to support the BIP9 and BIP145 changes to GBT. All the apps linked previously that support GBT have been updated.
Segwit is triggered and enforced on testnet, so you could find it helpful to test your infrastructure update by mining with check my blog 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 select from. Although it's tempting to pick the most popular one, it is better for the health of the network to mine with smaller pools in order to avoid 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 first mining pool and maintains around 7 percent of their network hash speed.
Antpool: WARNING - Bitmain works Antpool and some consider them to be a malicious celebrity in the Bitcoin ecosystem because of their AntBleed scandal where 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 remotely shut down equipment of consumers or competitors thus increasing their own profitability.
Eligius: Eligius was one of those very first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core programmer. Today, 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% of their network hash speed.
Kano CKPool: Kano CKPool has been founded in 2014 and currently has around 3 percent of their network hash speed under its control.