How To Mine BCH

Bitcoin Cash is a cryptocurrency that emerged in 2017 as a result of a Bitcoin hard fork. It was created to solve the scalability problem, so it offers faster transactions with lower fees due to the increased block size.

Mining BCH — is it possible? And how much can you earn from it? In this article, we will tell you about this process on different devices. Keep reading to learn the details!

Can You Mine Bitcoin Cash?

Yes, you can mine BCH, because it operates on the same consensus algorithm as BTC — Proof-of-Work (PoW). It is necessary to confirm transactions and add new blocks to the blockchain, so miners who verify transfers use the computational power to solve complex mathematical problems. As for profits, the reward of Bitcoin Cash is 6.25 BCH in a day, and the average time is 10 minutes in 2024.

If you want to get into mining, keep in mind that you will need a powerful hardware; it is particularly ASIC (Application Specific Integrated Circuit), because CPU (Central Processing Unit) and GPU (Graphics Processing Unit) are not efficient enough. The difficulty is regulated through the Difficulty Adjustment Algorithm (DAA); it is an important component of any blockchain protocol that utilizes the Proof-Of-Work (PoW) consensus mechanism. DAA’s main function is to keep the block generation time close to a predetermined target when the power of the network fluctuates. This mechanism plays an important role in ensuring the stability of new coin creation and thus contributes to the security of the network.

Before you start mining, let's take a look at the key factors before you get started.

How To Mine Bitcoin Cash?

The BCH mining process includes the following steps:

1. Create a crypto wallet.
2. Decide the equipment.
3. Choose the software.
4. Join the mining pool.
5. Start mining and check your profits regularly.

Now let's take a closer look at all these steps.

• Step 1. Create a crypto wallet — a secure storage solution for your earned assets. We recommend choosing reliable providers, such as Cryptomus wallet. It is a great option due to its strong data encryption and AML, so the platform guarantees the safety of your funds and personal data. Another huge advantage is a user-friendly interface, which is intuitively clear even to beginners.

• Step 2. Choose the equipment: the efficiency of BCH getting depends directly on the hardware. ASIC miners are essential since the network operates on the SHA-256 algorithm, similar to Bitcoin. ASIC devices offer a high hash rate, which increases the chances of successful catch. If you don't have an ASIC, a GPU will do, but the results will be worse.

• Step 3. Choose the software: after setting up the equipment, you need to install the appropriate app. Among the frequently used ones we highlight CGMiner and BFGMiner. Download the program from the official developer’s website to avoid any malware.

• Step 4. Join the mining pool: grouping with other network participants gives you an advantage as it allows you to combine computing power with other people. We are telling more about these processes further in the article.

• Step 5. Start mining and check your profits regularly. Analyze the earned tokens taking into account electricity costs, pool fees, and the current BCH price.

Mining Bitcoin Cash On Personal Computer

BCH mining on a home computer is not the most common way, as the coin’s algorithm requires significant computing power. You can mine BCH on PC (personal computer) with the following ways.

ASIC

ASIC is a specialized hardware for crypto mining. It is the best choice because BCH runs on the SHA-256 algorithm, which requires a huge computational power to find blocks. Other methods are unable, as ASIC provides maximum performance and measurement in terahashes per second (TH/s). In addition, it offers the best energy efficiency.

It is impossible to mine with ASIC directly on a home PC, as it is a standalone hardware. Nevertheless, you can connect it to a computer for monitoring and control via special software (such as CGMiner or BFGMiner). The top ASIC device for BCH getting is Bitmain Antminer S19 Pro.

GPU

The BCH mining process through GPU includes the following steps:

1. Set up a crypto wallet.
2. Prepare your GPU, such as NVIDIA RTX 3080 or AMD RX 6800 XT.
3. Install mining software.
4. Join a mining pool.

A GPU is a video card that is widely used for getting various cryptocurrencies. Theoretically you can mine Bitcoin Cash on a GPU, but this way is extremely inefficient. The SHA-256 algorithm needs to perform vast amounts of calculations that GPUs do not handle. Your chances of successful mining are extremely low, due to the high difficulty of the BCH network, but they increase significantly when mining in a group pool.

CPU

The BCH mining process through CPU includes the following steps:

1. Set up a crypto wallet.
2. Prepare your CPU. Ensure your processor is ready.
3. Install mining software, like EasyMiner or BFGMiner.
4. Join a mining pool.

A CPU is the main processor on your computer. CPUs were commonly used for mining cryptocurrencies earlier, but they are less relevant now. The SHA-256 algorithm requires significant computational power, which modern processors do not provide. Nevertheless, using a CPU is still possible if you mine occasionally, do not expect significant earnings, or want to test the process with minimal investment. This can be an interesting option for beginners to learn the basics of mining without purchasing expensive equipment.

Mining Bitcoin Cash On Phone

The BCH mining process through a smartphone includes the following steps:

1. Set up a crypto wallet.
2. Download a mining app, like CryptoTab Browser or MinerGate.
3. Configure the app.
4. Join a mining network or service.

Mining BCH on a smartphone is considered inefficient due to the algorithm's demand for powerful equipment. Phones do not have enough power consumption, moreover, overheating may damage the device. But the process of mining on your phone is possible in other ways.

You may use faucets like Free Bitcoin Cash, which allows you to earn small amounts of BCH for completing tasks or watching ads. You can also use your phone to control remote mining via apps like Awesome Miner Remote. Another option is to participate in BCH staking or DeFi services.

Solo Mining Vs Mining Pools

Take into account your resources and goals, when choosing between a pool and solo mining Bitcoin Cash. Each approach has its advantages and drawbacks.

A mining pool combines computational power from participants who work together to find blocks and split rewards; this enhances the chances for success. One more benefit of this option is the ease of setup, especially if you are working on lower-powered equipment. Popular pool apps are ViaBTC and Antpool.

Solo mining involves independent block discovery without joining a group. If you have powerful ASIC hardware, this might be a viable way. However, solo mining is more risky because it needs more computational effort and luck. If successful, all the reward of 6.25 BCH goes to you. It makes the process potentially more attractive.

Let's consider the last variety of mining, and the most interesting one. You will make money even without your own devices!

What Is Bitcoin Cash Cloud Mining?

Cloud mining for BCH is an option to mine crypto without having to purchase and manage equipment. Instead, users rent computational power (hash rate) from companies that maintain specialized data centers.

The cloud mining process of Bitcoin Cash typically goes as follows:

• Signing up on a cloud platform such as ViaBTC or ECOS.

• Purchasing a contract for a certain period of time and hash rate.

• Receiving a part of the reward while the platform uses its ASIC miners.

This method is cost-effective and easy to set-up even for beginners. You can start mining Bitcoin Cash in just a few simple ways without needing to manage hardware.

Is It Profitable To Mine Bitcoin Cash?

Mining Bitcoin Cash is profitable, but it depends on different factors that we talked about: the device, the electricity costs, and network complexity. For example, an ASIC miner gets about 0.2 BCH per month. The monthly power costs would be about $120 and the revenue would be $40 net profit (with a BCH price of $200).

Do you already have experience mining BCH? Write it in the comments!