How to Mine Bitcoin Private (BTCP): Accomplish Beginner’s Guide

Bitcoin Private is a long awaited cryptocurrency that takes the best of bitcoin, makes it about 4x quicker, and adds Zcash’s privacy (zk-SNARKS) facet to it. It is the very first fork that involved two different coins, both Bitcoin and Zclassic (a fork of Zcash).

Holders of Bitcoin and Zclassic received a 1:1 ratio of BTCP. This means if you had 1 BTC and Two ZCL before the fork, you would have received Three BTCP. The fork occurred on February 28th, 2018 and the mainet launch wasgoed around March 2nd, 2018.

Here is a quick chart that the Bitcoin Private team made, comparing BTCP to other BTC forks

You can find out more about Bitcoin Private including wallets and how to eis it from the fork ter our in-depth guide located here.

Now that wij know the details about Bitcoin Private, lets get to mining some BTCP.

Some General Mining Tips

So before wij embark this tutorial, I have two tips for making the most out of your mining practice. Very first make sure you have the latest drivers for your GPU’s. Secondly, most mining software will get flagged spil a virus from virus scanners. Because of this, if your mining on your normal everyday use or gaming laptop that has an antivirus installed, you will want to exclude the mining software from the antivirus. What I like to do is I make one folder and then waterput all of my mining software ter sub folders. I then exclude the top level folder from the antivirus and that excludes all the mining software.

Mining Pools

The very first thing wij need is a mining pool. You can solo mine, but the payouts could take months depending on how powerful your mining equipment is, and the mining pools usually charge a very petite toverfee (1% or less). Using a pool will permit you to receive consistent payouts, numerous times vanaf day. The bitcoin private team has an official list of most of the mining pools on their webstek.

On the webstek there are four different categories. The official mining pool is run by the BTCP team, and all fees go to the development of the coin. Sponsored pools are verified and donate a portion of their fees to the BTCP team. Verified pools mean they have tested the pools and know they pay. Unverified means they have not bot tested by the BTCP team.

For this tutorial wij will use http://btcprivate.professional – a sponsored pool. I have chosen this pool because of their unique features. Their a larger pool, they have servers ter US,EU and Asia, they charge 1% fees and donate half of their fees to the BTCP team, they have an API spil well spil a pagina to check and switch your miners settings, and they have a custom-made payment threshold. This means you can bundle your payments into one payout vanaf day, vanaf week, or whenever you want!

Now that wij have a pool, lets commence mining.

CPU Mining

Their are only two options for mining Equihash using a CPU. One is Minergate, but I don’t choose them because they take a large percentage of your profits because of the effortless to use system they have. The only real miner is Nicehash’s nheqminer. You can download the precompiled binaries for Windows or Linux.

Wij will not concentrate on CPU mining since it is not profitable, compared to GPU mining.

GPU Mining – Nvidia

For GPU mining there are many programs for Nvidia, but the one I have found to be the best is EWBF’s CUDA miner. The miner does have a 2% Dev toverfee. The miner is compatible with Windows and Linux. You can find the official pagina and the download listig at https://bitcointalk.org/index.php?topic=1707546.0

Once downloaded, it is truly ordinary to use.

Just create a fresh batch opstopping (or script opstopping if using Linux) inwards the folder where the miner is and paste this into the batch verkeersopstopping

Substitute “miningpool” with the server you want (eu.btcprivate.voor, us.btcprivate.voor, asia.btcprivate.professional)

Substitute “port” with the port you want (2827 is the only option)

Substitute “wallet_public_key” with your wallet address. Make sure you use the translucent address, it starts with a b and not the shielded address, it starts with a z

“Worker” is optional. Use this if you have numerous mining computers. For example I could do b1PR4MkpD5BpRu6BUbX1uCz9ptuPzjoY3FP.officecomputer for one pc and then b1PR4MkpD5BpRu6BUbX1uCz9ptuPzjoY3FP.gamingcomputer for another laptop.

This way you can keep track of them on the pools instrumentenbord.

Dual click the batch opstopping to run the miner, and you should see something like this

Where the crimson arrow is on the picture, this means the GPU’s it has detected. The blue arrow indicates the temperature and speed for each GPU spil well spil the total speed. The green arrow indicates the power usage for each GPU.

GPU Mining – AMD

For GPU mining there are many programs for AMD, but the one I have found to be the best is Claymore’s ZCash miner. The miner hash a Two.5% Dev toverfee, or a 2% Dev toverfee when using a SSL connection. You can find the official pagina and the download verbinding at https://bitcointalk.org/index.php?topic=1670733.0

Once downloaded, it is indeed elementary to use.

Just create a fresh batch opstopping (or script opstopping if using Linux) inwards the folder where the miner is and paste this into the batch opstopping

If using Linux, liquidate all of the setx instructions.

Substitute “miningpool” with the server you want (eu.btcprivate.professional, us.btcprivate.professional, asia.btcprivate.voor)

Substitute “port” with the port you want (2827 is the only option)

Substitute “wallet_public_key” with your wallet address. Make sure you use the semitransparent address, it starts with a b and not the shielded address, it starts with a z

“Worker” is optional. Use this if you have numerous mining computers. For example I could do b1PR4MkpD5BpRu6BUbX1uCz9ptuPzjoY3FP.officecomputer and then b1PR4MkpD5BpRu6BUbX1uCz9ptuPzjoY3FP.gamingcomputer

This way you can keep track of them on the pools instrumentenbord.

If you are running large GPU’s (1GB of memory or more vanaf GPU, hop down to #Five under the problems section, even if the mining software emerges to work)

Dual click the batch opstopping to run the miner, and you should see something like this

The very first photo shows that the miner should pickup all of the GPU’s te your system (The Three Vega GPU’s ter my example)

The next photo shows The GPU temperatures and fan speed where the crimson arrow is, and the GPU speed and total speed where the blue arrow is.

If there are problems, you can attempt a few things.

  • Use -asm 0 or don’t use the asm flag instead of using -asm 1. Note for Vega cards you have to use -asm 1 otherwise you will get an error.
  • Attempt not using the setx guidelines. For Vega cards I got an openCL error before I used thesis options.
  • If you get a invalid pool error attempt adding or removing the -allpools flag.
  • If your miner crashes after a while attempt to lower the energy by using -i 6 instead of -i 8
  • You may not have enough virtual memory. You may need 16GB of virtual memory (for Vega GPU’s you need more like 16GB vanaf GPU) to switch this go to Control Panel ->, System and Security ->, System and the click Advanced system settings on the left. From their click settings under the advanced tabulator. Next click switch, and then on the third screen, uncheck automatically manage, choose custom-built size, and type ter the size (ter MB) for both text boxes. Then press the set button, and then the Ok button.

General Troubleshooting

One thing to monitor for is stale or rejected shares. If you see a lotsbestemming of stale shares, you may want to attempt a server that is closer to you. If you see a lotsbestemming of rejected shares, attempt to lower the power of the miner if available.

How Much Bitcoin Private Will I Earn Vanaf Day?

Usually to figure this out, you would go to http://whattomine.com and use their zakjapanner. For example https://whattomine.com/coins/167-zcl-equihash you can type ter your speed, power usage and electro-stimulation cost and see a rough estimate of how much ZCL you would mine ter one day, spil well spil how much that is te USD.

Because BTCP wasgoed released last week there’s no zakjapanner available yet. However, wij can use a formula to determine a rough estimation.

block_reward / ((network_hash_rate/your_hash_rate*block_time) / (60*60*24)) * percentage

For BTCP wij have:

  • block_reward = 1.5625
  • network_hash_rate = switches permanently. From the http://www.btcprivate.voor homepage picture it showcased 25.24Msol/s so wij have to convert to sol/s so 24.25*1000*1000 = 24250000
  • your_hash_rate = on the AMD system picture it shows about 1383
  • block_time = Two.Five minutes but it is more like Trio minutes so Three*60 = 180 seconds
  • percentage = would be 100% but wij need to subtract the pool and miner software toverfee so 100-(1+Two.Five) = 96.5%

With our example wij would get

So this means wij would have a rough estimate of 0.041 BTCP vanaf day.

That’s it. You should now be mining BTCP. Make sure to type ter your public key into the mining pool’s instrumentenbord, to keep track of your statistics, and to set your custom-made payout options.

  • Posted te: Mining
  • Tagged te: Bitcoin Private Mining, BTCP, How to Mine Bitcoin Private, How to Mine BTCP, Is it worth Mining Bitcoin Private

Posted by Zach Hildreth

I am a developer who programs websites, games, software and is knowledgeable about cyber security. I have bot a cryptocurrency investor, since 2013, and have bot interested ter cryptocurrency mining, trading and writing since 2016.

Related movie: How To Begin Earning Bitcoins With No Investment!!(2017)


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