How to mine Bitcoin SV (BSV)?
The Bitcoin SV cryptocurrency is a Bitcoin Cash hard fork. The main task of that coin is to maximize the preservation of the entire essence of the classic Bitcoin. BSV can be mined only using the SHA-256 algorithm, which is an integral part of the Bitcoin protocol, so you should take into account that the equipment you choose supports this algorithm. As an example: the most popular devices for mining using the SHA-256 algorithm at the moment are ASIC devices.
✅ Asic devices use the SHA-256 protocol for BSV mining as efficiently as possible.
❌ Bitcoin SV cannot be efficiently mined using CPU or GPU cards.
💡 Some ASIC models may be unprofitable due to price changes of Bitcoin SV.
How to choose a device?
Your income and the payback rate of the device directly depend on the hashrate (this is a unit of measurement of the power of computing equipment for mining or blockchain network), which can be achieved on a specific ASIC model, and the cost of electricity. Therefore, when you pick an ASIC, be sure to check the combination of overclocking profiles and the electricity consumed, try to find the most profitable option. Lower electricity prices mean lower operating costs and better profitability.
How to start mining BSV on EMCD?
The first thing you need to do is register on the EMCD website. To register and start making money, follow the link - https://emcd.io/pool/dashboard/registration
Username is the name that you will use each time you log in to the pool
Email - your email address
Password - the password to log in to your personal account, do not forget to make it complicated (with signs and numbers), then repeat the password.
Click the check mark and agree to the terms of service and then click on the "Sign up" button. A confirmation email will be sent to your email address. Find this letter on the email that you specified during the sing up process and follow the link. If you didn't find the email, then check the spam.
Adding a wallet
To specify a wallet:
Select BSV in the upper-left corner
Then click on the Settings button
Add your wallet address. You can use any official wallet or use the wallet of an exchange that has Bitcoin (BTC).
Then click "Save"
Hardware configuration (using the example of BSV)
How do I log in to Asic (in the web panel)?
How to set up a connection to the pool?
Go to the Asic tab (Miner configuration).
And fill in all three pools, where:
URL is a stratum of servers (All three pool must be filled)
stratum+tcp://gate.emcd.io:6666 - Russia
stratum+tcp://eu.emcd.io:6666 - Europe
stratum+tcp://kz.emcd.io:6666 - Kazakhstan
stratum+tcp://cn.emcd.io:6666 - China
stratum+tcp://us.emcd.io:6666 - America
stratum+tcp://ir.emcd.io:6666 - Iran
Where the port is the code of the pool coin (example for BSV: stratum+tcp://gate.emcd.io:6666)
Fill in all three stratums closest to you
Worker - the name of your worker (the user name that you specified at the beginning of your sing up) in the format "your name".worker (without quotes). You can also copy it in your personal account in the connection tab
Password - enter any password
Now your devices will appear in your personal account via the link.
The equipment takes 15-20 minutes to update the data about the first shares received by the pool. As soon as this happens, the equipment will be displayed on the website.