What is Bitcoin Cash (BCH) ?
Peer-to-peer electronic cash system Bitcoin Cash (BCH) prioritises low transaction fees and enhanced scalability. In 2017, a team of developers created it.
Similar to Bitcoin, BCH employs a Proof-of-Work consensus algorithm based on SHA-256d. Its total supply is capped at 21 million, and its target block time is 10 minutes.
Step-by-step process on how to mine BCH
1.Registering an account for Binance Pool: To establish a mining account, go to the Binance Pool website and register for an account. Additionally, you can make as many sub-mining accounts as necessary.
2. Mining configuration setup
2.1. configure Stratum URL
Pool 1: https://bch.poolbinance.com:8888 (stratum+TCP)
Pool 2: https://bch.poolbinance.com:3333, stratum+tcp
Pool 3: https://bch.poolbinance.com:1800/stratum+tcp
Pool 4: https://bch.poolbinance.com:443 + stratum+tcp
2.2 Establish a worker’s password and name: Establish a password and create a worker name (“MiningAccount.Worker”). Employee names may consist of both letters and numbers. Your worker name might be “MiningBCH.001” if, for instance, your mining account name is MiningBCH. Passwords are not required.
2.3 Configuration for mining: Use Antminer as an illustration. Click [Miner Configuration] after logging into your Antminer. To complete the setup, enter your information and click [Save & Apply]. We advise setting multiple ports in order to guarantee stable mining. The miner will automatically move to the next port and carry on mining if the first one fails to connect.
3. Examine hash rates: It will take about ten minutes for you to see the performance statistics once your miner is operational. Visit [Workers] to see the hashrate that is active.
4. check Earnings: The calculation for the settlement cycle runs from 00:00 UTC on the day before to 00:00 UTC on the current day. The daily mining pool payment takes place from 2:00 to 10:00 (UTC). Your mining revenue will be credited to your Funding Wallet following settlement. You can view the daily earnings records in [Wallet] or [Earnings].