Bitcoin Cash, same as Bitcoin, is a cryptocurrency based on decentralization, adopting point-to-point network and consensus initiative, open-source code and taking blockchain as the underlying technology. The bitcoin community has debated about capacity expansion for three years. Finally, on August 1, 2017, Bitcoin Cash performed a hard fork at block height 478558, distributed according to Bitcoin 1:1, with a total amount of 21 million, and the isolation was removed. Witness and block upper limit were upgraded to 8M, and later upgraded to 32M. Through on-chain expansion, the problems of high handling fee, slow confirmation, and poor practicability in the old Bitcoin system were solved, fulfilling the promise of Bitcoin as " point-to-point e-cash".
Total circulation: 21 million
Block time: about 10 minutes
Block income: 3.125BCH + transaction fee
Mining algorithm: SHA256
1. Obtaining the Wallet Address
Bitcoin Cash, like your assets, need to be kept in a safe place. There are two ways to obtain the wallet address, one is to use a Bitcoin Cash wallet, and the other is to use the wallet address generated by the exchange.
1. Method one: get the address through Bitcoin wallet:
2. Method 2, obtain the address through the exchange:
2. Mining Pool Settings
1. Go to cloverpool.com and click the "Sign up" button in the upper right corner to sign your account
In the pop-up window, you can use mobile or email to register, take mobile phone registration as an example. Enter your phone number, fill in the verification code, and set your password to complete the registration.
2. After the registration is completed, set your sub-account name (the sub-account name is unique, and the mining pool uses this name to determine whether it is your machine), select the currency as BCH, select the region closest to you, and fill in the The bitcoin address uses the bitcoin address we obtained in step 1.
3. Miner Settings
Take the Ant miner as an example
1. The following picture shows the introduction of various interfaces of Antminer.
Plug the yellow and black wires into the hash board（The power cord has no specific insertion position and can be interchanged), please check the photo as below
Then plug the network cable and power cord into the corresponding interface, please check the photo as below
2. Connect the miner and your computer to the same network. Download the tool to find the IP address of the miner：IP reporter.
The download URL: https://service.bitmain.com.cn/support/download?product=IP-reporter
3. Open the software and click the "Start"，Then press and hold the IP Report button on the miner，release after one second, and the software on the computer will receive the IP address.
4. Enter the obtained IP address into the browser，At this time, you will be prompted to enter the user name and password. The initial user name and password are both root.
5. After logging in, find the General Settings section of the Miner Configuration tab in the backend of the miner, and fill in the three mining addresses in the URLs of Pool 1, Pool 2, and Pool 3 respectively (select the mining address according to the location of the miner).
Mining address:
| Global | bch.ss.cloverpool.com:1800 |
| bch.ss.cloverpool.com:443 | |
| bch.ss.cloverpool.com:25 |
When mining, the miner usually connects to the first address, if there is a problem with the first address, the miner will automatically connect to the second address, when there is a problem with the second address, it will automatically switch to the third address, it's almost no loss of revenue.
Fill in the "sub-account name. Miner number" in the three Workers, for example “btcminer.001”. To distinguish different miners, the miner number can be filled in as you like .
4, View the Miner Status
You can check the real-time working status of the miner on the Miner Status interface on the back end of the miner.
5, View Earnings
In the mining pool, you can view your earnings and the miners' status. Goto the "Dashboard" to view the real-time hash and earnings of the miners.
Go to the ``Miners'' page to check the status of the miners
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Remarks:
Investment is risky, this tutorial does not constitute any investment advice!