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How to mine Bitcoin Cash Bitcoin Cash Mining Tutorial
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Date:2024-04-09 18:15:47 Channel:Exchange Read:
In today's era of turbulent digital currencies, Bitcoin is undoubtedly one of the hot topics that attracts much attention. As one of the branches of Bitcoin, Bitcoin Cash has also attracted much attention. Mining Bitcoin Cash can be a challenging task for many, but as the technology continues to grow and become more popular, exploring the world of Bitcoin Cash becomes more feasible. This article will give you an in-depth look at how to mine Bitcoin Cash, as well as some helpful mining tutorials and tips.First, to successfully mine Bitcoin Cash, you need to understand what Bitcoin Cash is and how it relates to Bitcoin. Bitcoin Cash is a fork of Bitcoin and was born in 2017. Bitcoin Cash uses larger block sizes compared to Bitcoin, aiming to increase transaction speeds and lower fees. Therefore, the process of mining Bitcoin Cash is different from mining Bitcoin and requires specific tools and technical support.The four most famous international exchanges:
Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL
Note: The above exchange logo is the official website registration link, and the text is the APP download link.
To start mining Bitcoin Cash, you first need to choose the right mining hardware. Usually, mining Bitcoin Cash requires professional mining machines, such as Antminer, etc. These miners have powerful computing power and are able to perform hash operations efficiently to earn Bitcoin Cash rewards. In addition, you also need to consider the cost of mining, including electricity bills, maintenance fees, etc., to ensure the sustainability of mining.In addition to hardware, mining Bitcoin Cash also requires choosing the right mining pool. A mining pool is a network composed of multiple miners that share computing power to increase the chance of successful mining. Choosing a stable and reputable mining pool is crucial to improving mining efficiency. At the same time, you should also understand the revenue distribution mechanism of the mining pool so that you can reasonably distribute the mining revenue.During the mining process, you also need to pay close attention to market conditions and the price trend of Bitcoin Cash. Since the price of Bitcoin Cash fluctuates greatly, keeping abreast of market dynamics can help you make smarter decisions and maximize your mining profits. At the same time, you can also improve mining efficiency and obtain more Bitcoin Cash rewards by regularly adjusting the mining difficulty and computing power configuration.Additionally, understanding Bitcoin Cash’s mining algorithm is also key to successful mining. Bitcoin Cash uses the SHA-256 algorithm, which means you need to have a mining setup specifically for this algorithm. Choosing the appropriate mining software and adjusting the configuration according to the actual situation can help you improve your mining efficiency and obtain more Bitcoin Cash rewards.In the end, successfully mining Bitcoin Cash requires not only technical support, but also patience and perseverance. Mining is a continuous work that requires long-term persistence and unremitting efforts. Only by constantly learning and improving your mining technology can you stand out in the fierce competition and achieve mining success.Before answering this question, the editor of the currency circle will first talk to you about Bitcoin Cash. Bitcoin Cash, referred to as bch, can also be called bcc. It is a new version of Bitcoin with different configurations launched by a small number of Bitcoin developers. It is a A new type of blockchain asset, simply put, is derived from the hard fork of Bitcoin. As we all know, Bitcoin can be obtained through exchange purchase and mining, and Bitcoin Cash is no exception. Today we will mainly talk about Bitcoin Cash Mining, So, how to mine Bitcoin Cash? Below, the editor of the currency circle has compiled a Bitcoin Cash mining tutorial for everyone.
## Bitcoin Cash Mining Tutorial
1. Preparation work
Hardware preparation: a SHA256 algorithm Asic professional mining machine (that is, a Bitcoin mining machine), a power supply equipped with the mining machine, a network cable, and a computer.
Download the IP finding software:
Prepare a BCH wallet address. You can get it from the trading platform.
2. Mining machine assembly
First, connect the network cable and insert the network cable into the network cable interface of the mining machine.
Then connect the power cord and connect each interface of the mining machine power supply to the mining machine. The power supply has 10 wires, which are connected to the control board and hashrate board respectively.
After connecting all the wires, you can turn on the power supply. At this time, the light of the mining machine starts to light up and the machine starts to run.
3. Find the mining machine IP
Unzip the downloaded Find IP and double-click IPReporter in the folder.
Click "Start", then press and hold the miner's IP Reporter button, press it for one second and then release it.
At this time, the IP address of the mining machine will automatically pop up on the software. Copy the IP address to the browser.
Open the browser, paste the miner IP found above into the browser address bar, press Enter. In the pop-up authentication window, enter "root" for both username and password, and click OK.
4. Set up the mining machine background
At this time we enter the background of managing the mining machine. In Miner Configuration/General Settings, set up three mining pools respectively.
URL: Fill in the BCH mining address BCH.vvpool.com:5500 (see the picture below).
Worker: Create miner name. The format is: wallet address. Numbers or lowercase letters or a combination of both. One mining machine and one miner name are enough. For example: 17x8Go3twPPZ6YGnFdMMpQ52vqa1hZehJv.1
17x8Go3twPPZ6YGnFdMMpQ52vqa1hZehJv.23hf24x91
Password: miner password (can be set at will).
After setting up the three mining pools, click "Save&Apply" in the lower right corner.
You can also set the mining frequency in the advanced settings:
5. Check the operating status of the mining machine
Enter Miner at this time
Status (mining machine status), refresh it a few times, and the current operating status of the mining machine will appear. Here you can see the running time, computing power and other data of the mining machine at the default frequency, which is convenient for miners to monitor the operation of the mining machine.
6. VVPool official website monitors computing power and income
Open the VVPool official website copy the BCH wallet address to the address bar, select the currency BCH, and click to view: "> copy the BCH wallet Copy the address to the address bar, select the currency BCH, and click to view:
Enter the computing power and income monitoring webpage. In addition, please go to the VVPool official website to view the BCH payment instructions. The minimum payment is 0.1 BCH.
## What is the principle of Bitcoin Cash mining?
Anyone can become a Bitcoin Cash miner by running software on specialized hardware. Mining software listens for transaction broadcasts through the P2P network and performs appropriate tasks to process and confirm these transactions. Bitcoin Cash miners who complete these tasks can earn transaction fees paid by users to speed up transaction processing and additional Bitcoin Cash issued according to a fixed formula.
New transactions need to be included in a block with mathematical proof of work to be confirmed. This proof is difficult to generate because it can only be produced by trying billions of calculations per second. Miners need to run these calculations before their block is accepted and they receive their reward. As more people start mining, the difficulty of finding valid blocks is automatically increased by the network to ensure that the average time to find a block remains at 10 minutes. Therefore, mining is very competitive, and no individual miner can control what is included in the blockchain.
Proof-of-work is also designed to rely on previous blocks, thus enforcing the chronological order of the blockchain. This design makes it extremely difficult to undo past transactions because the proof-of-work for all subsequent blocks needs to be recalculated. When two blocks are found at the same time, the miner processes the first block received and then forwards the next block to the longest block chain once it is found. This ensures that the mining process maintains a global consistency based on processing power.
Bitcoin Cash miners can neither cheat to increase their own rewards nor process fraudulent transactions that disrupt the Bitcoin Cash network because all Bitcoin Cash nodes will reject blocks containing invalid data that violates the rules of the Bitcoin Cash protocol. Therefore, even if not all Bitcoin Cash miners can be trusted, the Bitcoin Cash network is still secure.
Through the above introduction, I believe everyone has an understanding of the Bitcoin Cash mining tutorial. The editor of the currency circle would like to remind you that mining is an emerging industry, and income is affected by currency prices and other uncontrollable factors, and there may be large fluctuations. Mining companies The service quality of different companies in China is uneven, and there are many irregularities and imperfections. Therefore, I hope everyone chooses carefully to avoid being deceived. If you want to know more relevant knowledge, you can follow the currency circle. The editor of the currency circle will continue to update relevant reports in the future!
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