Bitcoin Cash (BCH) emerged from a Bitcoin hard fork on August 1, 2017 (Block 478558) to address scalability issues. It shares Bitcoin's SHA256 algorithm, with a capped supply of 21 million coins and halving rewards every 210,000 blocks.
Getting Started with BCH Mining
Step 1: Set Up Your Mining Account
- Register on SpiderPool
Create a BCH sub-account:
- Navigate to Sub-Account Management > Create BCH Sub-Account
Step 2: Configure Mining Addresses
Use these SpiderPool nodes:
- Primary:
stratum+tcp://bch.spiderpool.com:1800 - Backup 1:
stratum+tcp://bch.spiderpool.com:443 - Backup 2:
stratum+tcp://bch.spiderpool.com:25
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Hardware Setup & Installation
Connect Your Miner:
- Power on and connect to the network.
- Locate your miner’s IP using an IP scanner (e.g., Antminer IP Finder).
Access Miner Dashboard:
- Default login:
root(username/password). - Navigate to Miner Configuration > General Settings.
- Default login:
Enter Pool Details:
- Fill in SpiderPool addresses under Pool 1/2/3.
- Set Worker as
[sub-account].[miner-ID]and any Password. - Save settings (Save & Apply).
Monitoring Your Mining Operation
- Miner Status: Check hashrate, uptime, and temperature in the dashboard.
- Pool Dashboard: Track real-time stats on SpiderPool using your sub-account.
Wallet & Payout Setup
Update Payout Address:
- Go to Sub-Account Management > Edit Withdrawal Address.
Wallet Options:
- Use exchanges (e.g., OKX) or lightweight wallets if full-node storage is impractical.
Useful BCH Resources
- Blockchain Explorers: Monitor transactions and blocks.
- Network Difficulty: Track mining competition trends.
FAQ
1. How often are BCH mining rewards distributed?
Payouts vary by pool; SpiderPool processes them daily if thresholds are met.
2. What’s the minimum hardware requirement for BCH mining?
An ASIC miner (e.g., Antminer S19) is essential due to SHA256’s high difficulty.
3. Why isn’t my miner connecting to the pool?
Check:
- Internet stability.
- Correct pool/worker formatting.
- Firewall/ISP restrictions.
👉 Explore advanced mining strategies here
Pro Tip: Reinforce your setup with backup nodes to maximize uptime. Happy mining!