How to Mine BCH: A Beginner's Guide
Bitcoin is not the only currency in the cryptocurrency market. So even for miners who don't like the fast-growing BTC hashrate, there's a lot of work to do — for example, you can switch to yours. fork main Bitcoin Cash. But how to mine BCH?
In our guide for today, we'll take a look at the mining Bitcoin Cash (BHC). So if you want to know how to mine BCH, you've come to the right place.
How Long Does It Take To Mine My 1 BCH?
Like most other cryptocurrencies operating on the blockchain, Bitcoin Cash uses miners to verify and confirm transactions. Anyone in the world can become a Bitcoin Cash miner if they buy the right hardware and download the software.
How long does it take for my 1 BCH? Well, as with Bitcoin, the Bitcoin Cash transaction block is confirmed by a mining community every 10 minutes.
Before a block can be confirmed, the miners in the network must solve a cryptographic puzzle.
This puzzle is so difficult that no human being can solve it, so equipment with a lot of computing power is used for it.
Every miner on the Bitcoin Cash network tries to solve the puzzle first! This is because the first 'solver' receives a mining reward.
So how long does it take to mine 1 BCH? Well, currently there is no way to mine just one, instead cryptominators can mine one block. The current reward for successfully mining a block is 6,25 BCH. As mentioned before, each block takes 10 minutes to mine.
How to Mining Home PC BCH: Key Criteria to Know
How to extract BCH from home PC? Well, first things first! It should be noted that Bitcoin Cash uses the most complex existing algorithm SHA-256.
The only way to solve a puzzle is to select all possible values to find the correct one. Since there are many options and finding the right solution is only possible by enumeration, you need very productive equipment.
So if you want to know how to extract BCH of a home PC, you must first buy a good video card or even several of them. At the same time, it is not necessary to choose the most expensive one, as it is not always the most suitable for mining either.
When choosing a GPU, you need to evaluate the following criteria:
- Memory speed,
- Memory type (GDDR5 or HDR are some of the best today),
- Amount of video memory,
- Power supply,
- Refrigeration system.
The type of power supply is very important, as mining is a very time-consuming process, so the video card will consume a lot of power. If the power supply is not good enough, the equipment will simply not support high loads.
Same thing with a cooling system. As you know, one of the characteristics of any video card is high temperatures under heavy loads.
If you use a graphics card with a poor quality cooling system, you run the risk of witnessing how the entire system starts to smoke.
How to Mining BCH Using Antpools: The Best Mining Pools
How to extract BCH using antpools? Antpool was created by Bitmain. By connecting your device to Antpool, you can start mining immediately, without having to pay any commission.
However, things are not so easy here, as the company charges all transaction fees that come with the reward. The 6,25 BCH block reward is split among all miners depending on the computing power contribution. For example, if you produce 10% of all hash power, you will receive 10% of the reward!
The ViaBTC mining pool is the fifth largest BTC mining pool and also the largest BCH mining pool in the world.
The main page contains a list of all available coins, with statistics that can help the user to quickly understand which coin should be mined. In ViaBTC, mining is possible on integrated circuits or ASICs.
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