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This can optimize your mining earnings. 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 Charges Slush Pool charges 2% of all 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 wallet and Coinmap.org. Ethereum Mining Pool Many people want to use the pools above for Ethereum too. But, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools to get much more info on ETH certain pools.

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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 likely you will need to pay income tax on income from mining pools exactly as you want 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 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 where 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 so they could generate blocks quicker and therefore obtain a portion of this Bitcoin block payoff on a consistent basis, rather than randomly once every couple of years.

Should you solo-mine, meaning you do not mine with a Bitcoin mining pool, then you will need to ensure you are in consensus with all the Bitcoin network. The very best method is to utilize the official BitCore client.

If you take part in an Bitcoin mining pool then you will want to ensure they are engaging in behavior that is in agreement with your philosophy towards Bitcoin.

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For example, some rogue developers have threatened to launch applications that may hard-fork the network which would probably result in tremendous financial harm.

Because of this, it's your duty to make certain any Bitcoin mining energy you lead into a mining pool does not attempt to enforce network consensus rules you disagree with.

When segwit is triggered, you will want to be in a position to mine and relay segwit-style blocks. The following mining applications 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 the BIP9 and BIP145 changes to GBT. All the programs linked above that aid GBT have been updated.

Segwit is triggered and enforced on testnet, so you may find it helpful to test your infrastructure upgrade by mining with a small amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test mode (regtest) additionally supports segwit official statement by default.

There are many good Bitcoin mining pools to choose from. Even though it's tempting to select the most popular one, it is better for the health of the network to mine with pools in order 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 afterwards:

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BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool situated 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 their network hash rate.

Antpool: WARNING - Bitmain works Antpool and some consider these to be a malicious actor in the Bitcoin ecosystem because of the AntBleed scandal in which they were intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain claimed 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 elevation.

Eligius: Eligius was one of those first Bitcoin mining pools and has been founded by Luke Dashjr, a Bitcoin Core developer. Today, the pool controls just under 1 percent of the 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 speed.

Kano CKPool: Kano CKPool has been founded in 2014 and currently has around 3% of their network hash speed under its control.

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