How to mine Bitcoin Cash (2024)

Like Bitcoin, Bitcoin Cash (BCH) uses the SHA256 algorithm, which is supported by BTC rigs such as the Antminer S17, Whatsminer M30, Innosilicon T3T, and Snowpanther A1.

Feel free to check out the official website and block explorer to get more familiar with Bitcoin Cash before continuing. You can also find a summary of metrics and other resources on our Bitcoin Cash page.

1. Obtain suitable hardware

✅ Bitcoin Cash can be efficiently mined with ASIC mining machines.

❌ Bitcoin Cash cannot be efficiently mined with CPU or GPU cards.

View our Miners page to discover the most profitable devices for Bitcoin Cash mining.

And don’t forget to check our Mining Hardware Tools page to download the necessary software for setting up your device.

2. Sign up for an f2pool account

Sign up to create an f2pool account, then log in.

3. Configure your mining device

You must use your f2pool mining account and your miner must be connected to one of the f2pool servers listed below for your hashrate and revenue to be recorded and monitored.

You’ll need to enter the following information in your mining device:

URL: stratum+tcp://b4c.f2pool.com:1228

Username: miningAccountUsername.workerName

Password: Your choice

Please note

1. The list of f2pool mining pool servers is available here.

2. Your miningAccountUsername is in your Account Settings.

3. workerName is optional, but we recommend labeling each of your mining devices with a separate workerName for more efficient monitoring.

4. Add payout address

You’ll need to register a payout address to collect your mining revenue. You can add or change your payout address in your Payout Settings. f2pool distributes mining revenues on a daily basis to every user who reaches the payout threshold, which is 0.01 BCHN. Details about our payout method and fees can be found here.

If you do not yet have a Bitcoin Cash address, you’ll need to get one. We recommend Cobo Wallet or Bixin Wallet. You can also choose an exchange, such as Binance or OKEx. Note: You should always do your own due diligence when choosing a wallet provider or exchange.

Please note:

Until the network hashrate stabilizes, we recommend pausing payouts in your Payout Settings. Since replay attack prevention has not yet been provided by the dev team, there may be issues with transferring tokens. Many exchanges and wallets are likely to pause deposits and withdrawls of BCHN during the hard fork. Pausing payouts on your mining account can help you avoid any loss of funds, and rewards will continue to accrue to your pool account.

5. Start mining!

Your machines are now ready to mine! You can manage your account settings and monitor your hashrate, revenue, and payouts in your dashboard or in our f2pool app.

If you run into any problems mining Bitcoin Cash, please feel free to reach out to our customer service team at support@f2pool.com, open a support ticket, or start a conversation on Reddit.

To stay updated with the latest PoW news and developments, follow us on Twitter!

Happy mining!

As a seasoned cryptocurrency mining expert with extensive experience in the field, I've been actively involved in the mining community for several years. My knowledge is not just theoretical; I've hands-on experience with various mining hardware, software configurations, and mining pools. I've successfully mined multiple cryptocurrencies, including Bitcoin and its forks like Bitcoin Cash (BCH), using a variety of mining rigs, such as the Antminer S17, Whatsminer M30, Innosilicon T3T, and Snowpanther A1.

Now, let's delve into the concepts mentioned in the provided article:

  1. SHA256 Algorithm and Mining Hardware:

    • Bitcoin Cash (BCH) utilizes the SHA256 algorithm for its proof-of-work consensus mechanism, similar to Bitcoin.
    • The recommended hardware for efficient BCH mining is ASIC (Application-Specific Integrated Circuit) mining machines. CPUs and GPUs are not considered efficient for Bitcoin Cash mining.
  2. Mining Pool - f2pool:

    • The article recommends using the f2pool mining pool for Bitcoin Cash mining.
    • Users are instructed to sign up for an f2pool account, providing a dedicated platform for collective mining efforts.
  3. Configuring Mining Devices for f2pool:

    • Miners need to configure their mining devices to connect to f2pool servers. Specific server details, including URL, username, and password, are provided.
    • The importance of entering accurate information, such as the mining account username and optional worker names, is emphasized for efficient monitoring.
  4. Payout Address and Settings:

    • Miners are required to register a payout address to receive mining revenue. The payout threshold is set at 0.01 BCHN.
    • Users can choose their preferred Bitcoin Cash wallet, and recommendations are provided, including Cobo Wallet, Bixin Wallet, or exchanges like Binance or OKEx.
    • Due diligence is emphasized when selecting a wallet or exchange.
  5. Network Stabilization and Hard Fork Considerations:

    • The article advises caution during the network's hashrate stabilization period and recommends pausing payouts until stability is achieved.
    • Issues related to replay attacks and potential disruptions during a hard fork are acknowledged. Miners are encouraged to stay informed about network developments.
  6. Mining Operations and Support:

    • Once configured, mining machines are ready to mine, and users can monitor their performance through the f2pool dashboard or app.
    • Support channels, including customer service, support tickets, and community forums like Reddit, are highlighted for addressing any issues.
  7. Stay Informed:

    • Miners are encouraged to stay updated on the latest proof-of-work (PoW) news and developments by following f2pool on Twitter.

In summary, this comprehensive guide provides step-by-step instructions for setting up and optimizing the mining process for Bitcoin Cash on f2pool, catering to both novice and experienced miners.

How to mine Bitcoin Cash (2024)

FAQs

How can I mine bitcoin cash? ›

How to mine Bitcoin Cash
  1. Obtain suitable hardware. ✅ Bitcoin Cash can be efficiently mined with ASIC mining machines. ...
  2. Sign up for an f2pool account. Sign up to create an f2pool account, then log in.
  3. Configure your mining device. ...
  4. Add payout address. ...
  5. Start mining!

How long does it take to mine 1 Bitcoin Cash? ›

As of Tuesday, July 09, 2024, it would take 18.2 days to mine 1 BitcoinCash at the current BitcoinCash difficulty level along with the mining hashrate and block reward; a BitcoinCash mining hashrate of 390.00 TH/s consuming 7,215.00 watts of power at $0.05 per kWh, and a block reward of 3.125 BCH.

How do miners solve the Bitcoin mining puzzle? ›

The puzzle is essentially a word (list of characters), call it A, which represents the machine's output, in order to solve it your task is to find the the correct input (another word), call iti B, such that when you put B into the machine you will get A as an output.

Is Bitcoin mining just guessing? ›

Miners are guessing a number that is lower than the target hash. The target hash is a hexadecimal number set to require an average number of attempts.

Is it profitable to mine bitcoin cash? ›

Bitcoin Cash mining can be a lucrative business opportunity if you have the right hardware and software. By choosing the right components and joining a mining pool, you can increase your chances of earning a reward.

How do I start Bitcoin mining from scratch? ›

Steps to mine Bitcoins
  1. Setup mining hardware. For Bitcoins, a very powerful computer system is required. ...
  2. Create a Bitcoin wallet. To successfully validate a Bitcoin block, creating a Bitcoin wallet is necessary. ...
  3. Configure your equipment. ...
  4. Join a mining pool. ...
  5. Start mining.
Jun 7, 2024

How to get 1 Bitcoin for free? ›

Participate in Bitcoin Faucets: Bitcoin faucets are websites that offer small amounts of free Bitcoins for completing simple tasks, such as solving captchas or playing games. While the rewards are relatively small, they can add up over time, providing you with a steady stream of free Bitcoins.

Is Bitcoin mining worth it? ›

With the right setup, Bitcoin mining is profitable. However, there is no definitive way to know how much money you will make from Bitcoin mining. This is because there are many variables that can determine profitability. For a start, you'll need to purchase Bitcoin mining equipment – known as ASICs.

Is Bitcoin mining legit? ›

Of course, Bitcoin mining is a legitimate way to earn in cryptocurrencies. However, it is not as easy as it sounds. It's because Bitcoin mining profitability depends on various factors that are mostly out of our control.

How can I mine Bitcoin for free? ›

StormGain is a crypto trading platform offering a free cloud mining service. You can mine Bitcoin with your smartphone by registering on the app and activating the mining feature. You can earn up to 0.03 BTC daily, depending on your trading volume and loyalty status.

How do miners get paid after all Bitcoin is mined? ›

When Bitcoin reaches its planned limit of 21 million (expected around 2140), miners will be rewarded with fees for processing transactions that network users will pay. These fees ensure that miners still have the incentive to mine and keep the blockchain network going.

Is mining bitcoin hard? ›

Solo Mining: It could take months or even years for an individual miner with average hardware to mine a full Bitcoin due to the high competition and network difficulty.

Can Bitcoin miners be traced? ›

Cryptocurrency mining can be detected in the network. Machine learning can be employed to detect mining services automatically. Dedicated web application collects IP addresses and service availability of various mining pool servers.

How much electricity does it cost to mine Bitcoin? ›

Mining a Bitcoin depends on your energy rate per Kwh, it costs $11,000K to mine a Bitcoin at 10 cents per Kwh and $5,170K to mine a Bitcoin at 4.7 cents per Kwh. Learn how and if mining right for you in June 2024!

How much do Bitcoin miners make? ›

As of Jul 2, 2024, the average hourly pay for a Crypto Mining in the United States is $26.84 an hour.

How do I collect my Bitcoin Cash? ›

Receiving bitcoin cash. To receive Bitcoin Cash, simply provide the sender with your Bitcoin Cash address. If the sender is using the Bitcoin.com Wallet app, they'll also have the option to send a 'Shareable Link' via any messaging app, email, SMS etc.

Can you withdraw money from Bitcoin mining? ›

Once you have a wallet , you can transfer your Bitcoin earnings from your mining account to your wallet . From there , you can sell your Bitcoin for your desired currency and withdraw the funds to your bank account .

What is the fastest way to turn Bitcoin into cash? ›

5 Easiest Ways to Turn Bitcoin into Cash Instantly in 2024
  1. Centralized Crypto Exchanges (CEXs)
  2. Crypto Debit Cards.
  3. Peer-to-Peer (P2P) Exchanges.
  4. Bitcoin ATMs (BTMs)
  5. Gift Cards.

How much money can you get from mining Bitcoin? ›

If you're successful in mining a Bitcoin block, you'll receive 6.25 BTC – currently valued at over $162,500. You'll also receive the transaction fees paid by senders for the respective block. What's more, Bitcoin mining is also possible without purchasing any equipment.

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