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This will maximize 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 costs 2% of payouts. This might look like a lot but unlike other pools it shares the transaction fees with its miners. At current prices, these amount to 1-2 BTC more each block.

In addition they make the Bitcoin TREZOR hardware wallet and Coinmap.org. Ethereum Mining Pool Many people want to use the pools over for Ethereum too. But, most 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.

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To get LTC mining you may need separate hardware and another pool. Bitcoin Mining Pool Taxes Youll have to consult an accountant or lawyer in your area. But most probably you'll need to pay income tax on income from mining pools exactly like you want any other type of income.

Bitcoin mining pools are a way for Bitcoin miners to pool their funds together and share their hashing power while 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 who 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 at which 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 receive 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 using 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 an Bitcoin mining pool then you will want to ensure that they are engaging in behavior that's in agreement with your philosophy towards Bitcoin.

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For instance, 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 be sure that any Bitcoin mining power you direct into a mining pool does not attempt to enforce network consensus rules that 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 upgraded to support segwit.

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Please note that applications that supports the GetBlockTemplate (GBT) RPC must be upgraded 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 could find it helpful to check your infrastructure update by mining with some little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test style (regtest) also supports segwit by default.

There are many fantastic Bitcoin mining pools to choose from. Although 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 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 percent informative post 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 first 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 due to their AntBleed scandal where 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 would enable Bitmain to shut down equipment of consumers or opponents thus increasing their own profitability.

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

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BitMinter: BitMinter, once one of the largest Bitcoin mining address 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 the network hash speed under its control.

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