Bitcoin Cash is among the top cryptocurrencies traded worldwide. The cryptocurrency follows the Satoshi Nakamoto roadmap and adopted globally. It’s Proof-of-Work DAA algorithm allows miners in order to migrate from the Bitcoin blockchain while controlling the hash rate fluctuations. It is resistant to social and political attacks on the development of protocol.
Bitcoin Cash is a peer-to-peer electronic cash that helps users to confirm transactions without any third party. The process of solving complex cryptographic problems and placing a new block on the chain is known as Bitcoin Cash mining. The cryptocurrency has increased block size limit with around 8 MB. Its team of developers provides software implementations. Some of the unique features of Bitcoin Cash include low fees, secure, fast transactions, easy-to-use, and reliable.
As the cryptocurrency is released in the year 2017, it can be mined through different sources. To make miners well-informed, here are a few renowned mining methods that are used to mine Bitcoin Cash.
In order to start with Bitcoin Cash mining, a specialized mining hardware is required for dedicated mining. There are plenty of mining hardware available in the market for which you can opt for. You will need a mining rig that is made up of multiple GPUs in order to mine Bitcoin Cash. Miners can also calculate the mining profitability by putting the necessary information like mining hardware and cost of electricity in the mining calculator. Then, accordingly, you will get to know the Bitcoin Cash mining returns.
One of the most important things that is required for Bitcoin Cash mining is the mining software. The developers who are familiar with Windows 8.1 and Windows 10 can install BTCMiner, CGMiner, EasyMiner, and BFGMiner. For Linux users, CGMiner is the most popular Bitcoin Cash mining software based on CPU miner. For Mac OS X, RPC Miner is the one that is used. Once you have installed this mining software, you have to pay off expenses like electricity.
Wallet is another important thing that is required in order to mine Bitcoin Cash. There are plenty of Bitcoin Cash wallets from which you can choose. Electrum is a wallet that works on Windows, Linux, and Mac. The second iOS supported Bitcoin Cash Wallet is breadwallet. Mycelium is the android supported Bitcoin Cash wallet. For all platforms, Ledger Nano S is the most secured Bitcoin hardware wallet.
The most sought-after mining method is joining a cloud mining pool. In order to mine Bitcoin Cash by this method, all you have to do is find a reliable cryptocurrency cloud mining partner, sign up on their website, choose a mining plan, make the payment, and you will be assigned with hash rate. Post that, you can mine Bitcoin Cash and start earning profits.