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This will 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 Charges Slush Pool costs 2% of payouts. This might look like a lot but unlike other pools it stocks the transaction fees with its miners. At current levels, these amount to 1-2 BTC more per cube.

They also 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 visit our article on Ethereum mining pools to get more info on ETH specific pools.

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To get LTC mining you may need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or attorney in your town. But most probably you will have to pay income tax on income from mining pools exactly like you want any other kind 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 stocks they contributed to solving a block.

A"share" is given to members of this Bitcoin mining pool that present a valid proof 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 problem was for miners to pool their funds so they could generate cubes faster and therefore obtain 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 with a Bitcoin mining pool, then you will need to ensure that you are in consensus with the Bitcoin network. The best method is to use the official BitCore client.

If you participate in a 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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For example, some rogue developers have threatened to release applications that could hard-fork the network which would likely result in tremendous financial harm.

Because of this, it is your duty to be sure that 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 are going to 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 applications that supports the GetBlockTemplate (GBT) RPC has to be updated to support both the BIP9 and BIP145 changes to GBT. Each of the programs linked previously that support GBT have been upgraded.

Segwit is triggered and enforced on testnet, which means you could find it useful to check your infrastructure upgrade by mining with a little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test mode (regtest) additionally supports segwit by default.

There are many fantastic Bitcoin mining pools to choose from. Even though it's tempting to pick the most popular one, it is better for the health of the network to mine with pools in order to prevent potentially harmful concentration of hashing power.

The following pools are believed to be currently fully validating cubes 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 their 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 the network hash rate.

Antpool: WARNING - Bitmain operates Antpool and some consider these to be a malicious celebrity in the Bitcoin ecosystem because of the 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 customers or opponents thus increasing their own elevation.

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 site biggest Bitcoin mining pools, now controls less than 1% of the network hash rate.

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

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