Bitcoin isn’t the only coin in the cryptocurrency market. Thus, even for those miners who don’t like the fast-growing BTC hashrate there is a lot of work to do — for example, you can switch to its main fork Bitcoin Cash. But how to mine BCH?
In our today’s guide, we’ll take a look at Bitcoin Cash mining. Therefore, if you want to know how to mine BCH, then you have come to the right place. Let’s get started!
How Long Does It Take to Mine 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 to mine 1 BCH? Well, as with Bitcoin, Bitcoin Cash’s transaction block is confirmed by a mining community every 10 minutes. Before a block can be confirmed, the network’s miners must solve a cryptographic puzzle. This puzzle is so difficult that no human can solve it, so equipment with a lot of computing power is used for this.
Every miner on the Bitcoin Cash network tries to solve the puzzle first! This is due to the fact that 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, crypto miners may mine one block. The current reward for successful mining of one block is 6.25 BCH. How was mentioned before, each block takes 10 minutes to mine.
How to Mine BCH from Home PC: Key Criteria to Know
How to mine BCH from home PC? Well, first things first! It’s necessary to note 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 a lot of options, and finding the right solution is only possible by enumeration, you need very productive equipment.
So, if you want to know how to mine BCH from home PC, then you should first purchase a good graphics card or even several of them. At the same time, it isn’t necessary to choose the most expensive one, because it is also not always the best suited for mining.
When choosing a GPU, you need to evaluate the following criteria:
- memory speed,
- memory type (GDDR5 or HDR are some of the best ones today),
- amount of video memory,
- power supply,
- cooling system.
The type of power supply is very important since mining is a very time-consuming process, therefore the graphics card will consume a lot of energy. If the power supply isn’t good enough, then the equipment simply won’t withstand high loads.
Same thing with a cooling system. As you know, one of the features of any graphics card is high temperatures under heavy loads. If you use a graphics card with a poor cooling system, you run the risk of witnessing how the whole system starts to smoke.
How to Mine BCH Using Antpools: Best Mining Pools
How to mine BCH using antpools? The Antpool was created by Bitmain. When you connect your device to Antpool, you can start mining right away, without having to pay any commission.
However, things are not so easy here, as the company charges all the transaction fees that come with the reward. The block reward of 6.25 BCH is divided among all miners, depending on the contribution of the computing power. For example, if you produce 10% of all hashing power, you will receive 10% of the reward!
ViaBTC mining pool is the fifth largest BTC mining pool and is also the largest BCH mining pool in the world. The main page contains a list of all available currencies, with statistics that can help the user quickly understand which coin should be mined. On ViaBTC, mining is possible on integrated circuits or ASICs.
How to mine BCH on ViaBTC? What other interesting facts do you know? Feel free to share your knowledge in the comments!