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How to mine Bitcoin SV Learn about BSV coin mining tutorial
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Date:2024-04-09 18:24:15 Channel:Wallet Read:
In today's digital currency craze, Bitcoin SV (Bitcoin SV), as a cryptocurrency that has attracted much attention, has attracted much attention for its mining skills. For those who want to know the BSV coin mining tutorial, the tips and methods of mining Bitcoin SV deeply are crucial. The following will lead you to explore the mining process of BSV coins and reveal the secrets and technical points.First, before understanding the mining process of Bitcoin SV, we need to understand how Bitcoin SV was generated. Bitcoin SV is a fork of Bitcoin, and its mining process uses a Proof of Work mechanism similar to Bitcoin. This means miners compete to solve complex mathematical puzzles in order to earn new BSV coins. To successfully mine Bitcoin SV, you need powerful computing power and corresponding mining equipment.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.
In this tutorial on BSV coin mining, choosing the right mining equipment is crucial. There are currently many equipment on the market specifically for Bitcoin SV mining, such as mining machines. These devices not only possess powerful computing power, but are also capable of mining BSV coins efficiently and stably. In addition, the purchase of mining equipment is not only related to mining efficiency, but also directly affects the cost and return ratio. Therefore, when choosing mining equipment, you must comprehensively consider factors such as equipment performance, price, and power consumption to achieve the best mining results.In addition to choosing the right mining equipment, mining Bitcoin SV also requires consideration of mining pool selection. A mining pool is a network of miners who work together to share computing power and increase the chance of mining new blocks. Joining a mining pool can greatly improve mining efficiency and reduce the risks of individual miners. Therefore, it is crucial to choose a stable and reliable mining pool. When mining BSV coins, the choice of a mining pool is not only related to mining efficiency, but also involves the distribution and security of mining profits. Therefore, it is recommended that miners pay attention to the reputation and operational stability of the mining pool when choosing a mining pool to ensure that the mining process proceeds smoothly.Additionally, understanding Bitcoin SV’s mining algorithm is also key to mining BSV coins. Bitcoin SV uses the SHA-256 algorithm, which is a highly secure and time-tested algorithm. Familiarity with mining algorithms can help miners better adjust the parameters of mining equipment and improve mining efficiency. In addition, with the continuous advancement of technology, some new mining algorithms are constantly emerging. Miners can choose the mining algorithm that suits them according to the actual situation to obtain a better mining experience.In addition to technology and equipment, mining Bitcoin SV also requires patience and perseverance. Mining is a process that requires continuous investment of computing power and resources. Successfully mining BSV coins requires miners' firm belief and unremitting efforts. During the mining process, you may encounter various difficulties and challenges, but only by perseverance can you ultimately achieve success.Speaking of the hard fork in the early morning of November 16, 2018, everyone in the currency circle should know it. At that time, because the two development teams of BCH could not agree on the deployment update of BCH, BCH was originally forked from BTC. As a last resort, it had to fork again. This time it was highly anticipated and lasted for more than a week, and finally ended with SV admitting defeat. Since then, BCH has split into the original BCH chain and the BSV chain, and BSV was born. The name of BSV seems to tell everyone that the original BTC can no longer realize Satoshi Nakamoto's vision, and BSV is to realize this vision. Because of this, everyone is very optimistic about the BSV currency. Many people are curious about how to mine Bitcoin SV? Below, the editor of the currency circle will give you an article to understand the BSV coin mining tutorial.
## How to mine Bitcoin SV?
The algorithm of BSV is SHA-256. Here we take the Antminer S9 as an example to introduce the mining operation process of this mining machine.
1\. Log in to the official website of Poolin Mining Pool at poolin.com, create a BSV mining sub-account, and fill in the payment address.
2\. After the sub-account is created, you can see the mining machine configuration example.
The BSV mining address of Biyin Mining Pool is as follows:
The first mining address: stratum+tcp://bsv.ss.poolin.com:443
Second mining address: stratum+tcp://bsv.ss.poolin.com:1883
The third mining address: stratum+tcp://bsv.ss.poolin.com:25
3\. Hardware installation: After connecting to the Internet and powering on, access the backend IP of the mining machine, fill in the mining address of the Biyin mining pool, the mining machine name and password, and run the machine.
1) The default IP address of the mining machine is written on the label of some mining machines. However, due to various factors, the actual IP address may not be the address marked on the label. It is recommended to use a computer to connect to the router or switch connected to the mining machine, and then use the IP
Scanner scans this network segment to find the mining machine IP.
2) After finding the mining machine IP, access this IP in the browser. The login account of Antminer S9 is root and the password is root. If the account and password are incorrect, please refer to the mining machine instructions or contact the manufacturer.
3) After logging in, click General Settings under Miner Configuration, and then click Pool
In 1/2/3, respectively configure the URL (mining address), Worker (sub-account.mining machine ID) and Password (password) displayed on the webpage in step 2. After setting, click Save&Apply in the lower corner to save your configuration information.
4\. Confirm the mining status: You can confirm the mining status in the backend of the mining machine and the Biyin website at the same time.
1) Confirmation of mining machine background mining status: After the mining machine is connected to the mining pool, data such as computing power and running time can be seen on the Miner Status page.
2) Biyin Mining Pool mining status confirmation: You can log in to the Biyin Mining Pool BCH sub-account. When the mining machine is connected to the mining pool, you can see real-time computing power, active mining machines and other data.
5\. The most important thing is to log in to the Biyin mining pool and set the wallet address
## What is the future of bsv coin?
On the surface, it seems that BTC, BCH, and BSV are only different in block size, but this is not the case. Bitcoin is the originator of digital currency. At that time, the biggest vision was to have more users know about it and approve of holding it. When it came to BCH, there was more hope that the cryptocurrency could be used for transactions. Finally, BSV became the real currency. The dream of being a global payment system can be said to be great. Of course, BSV continues to hit new block highs day after day, from 1M to 8M to 32M to 128M and later 2GB. Now, in February of this year, the block size limit has been completely removed.
The technology giant behind Bitcoin SV is Nchain, which is currently the company with the most blockchain patents. According to statistics, there are hundreds of patents. The total amount of BSV is 21 million. The token is airdropped to BCH holders at a 1:1 ratio. The price of BSV has been at US$70-90 at the beginning, and entered the bull market in 2019, reaching US$238.
It soared to US$372 in February this year, but due to the impact of the global new crown epidemic, like most digital currencies, it fell to US$118 on March 14. It can be seen that there is still room for BSV, but it is worth mentioning here that its founder, Satoshi Omoto, previously claimed to be Satoshi Nakamoto, but was quickly slapped in the face, which led to everyone’s initial impression of BSV. He is the "first fraudster in the currency circle" CSW. After all, random impersonation is a matter of integrity. Therefore, many people commented on Satoshi Aoben and said that he has "a bad character and is a smart liar."
Therefore, when BSV is mentioned, some people will inevitably sneer: Is it that scammer project? So it is conceivable that this person has a mediocre reputation in the circle, and he is not willing to be lonely. As a result, many exchanges such as BSV delisted BSV last year. It is conceivable that BSV holders who have suffered heavy losses love and hate BSV founder Satoshi Omoto.
Since the beginning of this year, BSV has gradually become demonized. Many people call it a demon coin. Its almost demonic pull has made BSV’s market value even surpass BCH for a time. Just like the rules in the entertainment industry, if it is black, it will become red. , this is how BSV made its debut in the currency circle.
Although influenced by its founder, he thought it was a scam project, but what kind of scam project can achieve a market value of 20 billion? Just rely on the chief liar? People are not stupid enough.
In fact, during the Bitcoin stage, BSV already had many applications. At present, hundreds of projects and programs have been developed on BSV across the country. In terms of technology, BSV is currently the only one with large-scale capacity expansion. The blockchain project and the vision of a global payment system can be applied by global enterprises. It has now developed into a good and huge ecosystem focusing on remittance, payment, and security. With the implementation of global commercial applications, BSV's prospects are still broad.
To sum up, this is the editor’s answer to the question of how to mine Bitcoin SV. I hope this BSV coin mining tutorial can help all investors. The editor in this currency circle would like to remind all investors that if you want to buy BSV coins, you must understand the market situation of BSV coins. If you want to understand the market conditions, you must first learn to read the K-line chart of BSV coins. For newbies in the currency circle, they may not be able to analyze the K-line chart very well, and their market analysis skills are relatively lacking. At this time, you can also start with the transaction volume performance in the K-line chart. If the transaction volume is too small, Be cautious when purchasing, and those that only rise but do not fall or only fall but do not rise also need to be cautious.
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