What is Bitcoin Cash (BCH) ?
Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that focuses on increased scalability and low transaction fees. It was created in 2017 by a group of developers.
BCH uses the same SHA-256d-based Proof-of-Work consensus mechanism as Bitcoin. It also has a target block time of 10 minutes and a total supply capped at 21 million.
How to get started with BCH mining on Binance?
Applicable Miners
Any miners that support the SHA256 Proof of Work algorithm.
How to mine BCH?
1. Binance Pool account registration
Visit the official Binance Pool website and register for a Binance Pool account to create a mining account. You may also create multiple sub-mining accounts to suit your needs. For more details, please refer to What Is Binance Mining Account and How to Create It?.
2. Mining configuration setup
2.1 Configure Stratum URL
- Pool 1: stratum+tcp://bch.poolbinance.com:8888
- Pool 2: stratum+tcp://bch.poolbinance.com:3333
- Pool 3: stratum+tcp://bch.poolbinance.com:1800
- Pool 4: stratum+tcp://bch.poolbinance.com:443
2.2 Create a worker name and password
Create a worker name ("MiningAccount.Worker") and set up a password. Worker names can be numbers or numbers and letters. For example, if your mining account name is MiningBCH, your worker name could be "MiningBCH.001". Password is optional.
2.3 Mining configuration
Take Antminer as an example. Log in to your Antminer and click [Miner Configuration]. Enter your details and click [Save & Apply] to finish the setup. To ensure stable mining, we recommend setting multiple ports. When one port fails to connect, the miner will automatically switch to the next and continue mining.
3. Check hashrates
After your miner is up and running, you can view the performance statistics in approximately 10 minutes. Go to [Workers] to view the active hashrate.
After your miner is up and running, you can view the performance statistics in approximately 10 minutes. Go to [Workers] to view the active hashrate.
4. Check earnings
The settlement cycle calculates from 00:00 of the previous day to 00:00 of the current day (UTC). The mining pool payment occurs between 02:00 to 10:00 (UTC) every day.
After the settlement is completed, your mining income will be credited to your Funding Wallet. You can check the daily income records from the [Earnings], or [Wallet] - [Funding Wallet].
The settlement cycle calculates from 00:00 of the previous day to 00:00 of the current day (UTC). The mining pool payment occurs between 02:00 to 10:00 (UTC) every day.
After the settlement is completed, your mining income will be credited to your Funding Wallet. You can check the daily income records from the [Earnings], or [Wallet] - [Funding Wallet].
Frequently Asked Questions
1. Why do I need to set up multiple ports?
We recommend setting up multiple ports to ensure a stable and sustainable mining process. Should one of them become inactive, the miner will automatically switch to the next to continue mining.
2. My miner is already running, but the mining pool is showing âinactive minerâ.
The miner status will become active after it keeps running for approximately 10 - 20 minutes. If you see an âinactiveâ status, please check the minerâs settings. If the issue persists, please contact Binance Support.