To mine #bitcoin Cash (BCH), you need to consider that this cryptocurrency operates on the SHA-256 algorithm, just like #Bitcoin❗ . This means that for effective mining, you will need specialized equipment such as ASIC miners, as using graphics cards (GPU) or processors (CPU) would be extremely inefficient due to high network difficulty. Here is a step-by-step guide on how to start mining #BCH :
1. Equipment selection
For mining Bitcoin Cash, ASIC miners specifically designed for the SHA-256 algorithm are the best choice. Popular models:
Antminer S19 or S19 Pro from Bitmain - some of the most powerful and energy-efficient devices for 2025.
WhatsMiner M30S from MicroBT - a competitive alternative.
The cost of such devices can vary from $2000 to $5000 and above, depending on the model and condition (new or used).
Mining with graphics cards is theoretically possible, but practically it will not be profitable due to low competitiveness compared to ASIC.
2. Creating a wallet for BCH
You need a wallet to receive mining rewards. Recommended options:
Official Bitcoin Cash wallet (Bitcoin.com Wallet) - simple and reliable.
Hardware wallets like Ledger or Trezor for greater security.
Exchange wallets (e.g., Binance or KuCoin), if you plan to trade immediately.
Write down your wallet address - you will need it for miner setup.
3. Choosing a mining pool
Solo mining BCH is possible, but due to the high network difficulty and competition, it is rarely profitable for individual miners. It's better to join a pool, where you combine your computational power with other participants and share the reward. Popular pools for BCH:
ViaBTC - supports $BCH and offers flexible settings.
#Antpool - one of the largest pools, owned by Bitmain.
2Miners - convenient interface, support in Russian.
Binance pool - if you have an account on Binance, this is an easy option.
When registering in a pool, you will be given the server address (URL), port, and setup details (worker name).
4. Equipment setup
After purchasing an ASIC miner:
Connect the device to power and the internet.
Access the miner's interface via a browser (usually at the IP address specified in the instructions).
In the configuration section, enter:
Pool URL (e.g., stratum+tcp://bch.poolbinance.com:3333 for Binance Pool).
Worker Name (usually your login in the pool + worker name, e.g., 'username.worker1').
Password (if required, often just 'x').
Save the settings and restart the miner.
5. Monitoring and calculating profitability
After starting the miner (usually within 10–20 minutes), you will see statistics in the pool interface: hash rate, accepted shares, etc.
Use online calculators (e.g., WhatToMine or CryptoCompare) to estimate profitability. Consider:
Current network difficulty of BCH.
Cost of electricity (on average $0.10–$0.20 per kWh).
The BCH rate (as of March 15, 2025, check the current price).
Example: Antminer S19 Pro (110 TH/s) at an electricity cost of $0.12/kWh can bring about $10–$20 a day on BCH, but this depends on the rate and network difficulty.
6. Alternative: cloud mining
If you do not want to buy equipment, you can rent computational power through cloud mining services:
ViaBTC or ECOS - popular platforms.
You purchase a contract (for example, for 1 TH/s for a year), and the service mines for you.
Pros: no need to maintain equipment. Cons: lower profit due to fees.
Important points
Costs: ASIC miners are expensive, plus expenses for electricity and cooling.
Network difficulty: It is automatically regulated and can decrease profitability if many miners switch to BCH.
Profitability: By 2025, mining BCH may be profitable if the rate is rising and electricity is cheap. Compare with Bitcoin to choose what to mine.
If you have specific questions (e.g., about settings or pool selection), clarify, and I will help!
generated by AI 😀
