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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 Fees Slush Pool charges 2% of all payouts. This might look like a lot but unlike other pools it stocks the transaction fees using its miners. At current prices, such amount to 1-2 BTC more each cube.

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

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To get LTC mining you will need separate hardware and a separate pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or attorney in your town. But most likely you will have to pay income tax on income from mining pools exactly as you would for any other kind of income.

Bitcoin mining pools are a means for Bitcoin miners to pool their resources together and share their hashing power whilst splitting the reward evenly according to the amount of shares they contributed to solving a block.

A"share" is awarded to members of the Bitcoin mining pool that present a valid evidence of work that their Bitcoin miner solved. Bitcoin mining in pools began when the problem for mining increased to the point where it might 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 so they could generate cubes faster and therefore receive a portion of the Bitcoin block payoff 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'll need to ensure that you are in consensus with the Bitcoin network. The very best way is to use the official BitCore client.

If you participate in a 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 could hard-fork the network which would likely result in tremendous financial harm.

Because of this, it is your duty to make sure any Bitcoin mining energy you direct 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 software has been updated to support segwit.

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Please note that applications that supports the GetBlockTemplate (GBT) RPC must be updated to support both the BIP9 and BIP145 changes to GBT. All the apps linked previously that support GBT have been updated.

Segwit is already activated and enforced on testnet, so you may find it useful to check your infrastructure update by mining with a little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test mode (regtest) also supports segwit by default.

There are many fantastic Bitcoin mining pools to choose from. Even though it's tempting to select the very 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 believed 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 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 initial mining pool and maintains around 7% of the network hash rate.

Antpool: WARNING - Bitmain operates 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 maintained this was a feature and not a bug. This malware would enable Bitmain to shut down equipment of consumers or competitors thus increasing their own elevation.

Eligius: Eligius was one of the very first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core developer. Nowadays, the pool controls just under 1 percent of their network hash speed.

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BitMinter: BitMinter, once one of the biggest Bitcoin mining pools, now controls less than 1% of the network hash speed.

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

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