Bitcoin Private Bitcoin Private is a sought-after cryptocurrency, cleverly blending bitcoin’s strengths with quicker processing and the confidentiality aspects of Zcash through zk-SNARKS. It stands out as the first fork that merges two coins, Bitcoin and Zclassic, which is itself a Zcash offshoot.
If you owned Bitcoin and Zclassic during the Bitcoin Private fork, you were eligible for a one-to-one conversion to BTCP. For instance, owning 1 BTC and 2 ZCL pre-fork meant you'd receive 3 BTCP. This fork happened on February 28, 2018, with the main network going live around March 2, 2018.
Here's a handy comparison chart designed by the Bitcoin Private team, lining up BTCP with other Bitcoin derivatives.
To delve deeper into Bitcoin Private, including info on wallets and claiming it post-fork, you can explore more resources. our in-depth guide located here .
Armed with Bitcoin Private insights, it's time to dive into mining BTCP.
Some General Mining Tips
Before jumping into the tutorial, here are two useful tips to enhance your mining journey: first, update your GPU drivers to the latest version. Secondly, most mining software might be mistaken for viruses. If you're mining on a daily-use or gaming computer with antivirus protection, you'll need to set the software as an exception. I streamline this by creating one overarching folder for all my mining software, excluding it within the antivirus to cover all subfolders as well.
Mining Pools
To kickstart mining, selecting a pool is crucial. Solo mining is an option, but payouts could take a lengthy period, dependent on your rig's strength. Pools charge minimal fees, around 1% or less, yet assure consistent multiple daily payouts. The Bitcoin Private team offers a list of validated mining pools. on their website .
| Son of a Tech | http://equihash.sonofatech.com/ |
| WFMPools | https://zpool.wfmpools.com/ |
| Coinblockers | https://btcp.coinblockers.com |
| Btcprivate.pro | http://btcprivate.pro/ |
| Btcprivate.pro (solo) |
http://solo.btcprivate.pro/ |
| Vicious Miner | http://viciousminer.com/ |
| Miningcrypto.cash | http://btcp.miningcrypto.cash/ |
| Panda Mines | http://pandamines.com/ |
On the website, you’ll notice four sections: the official BTCP-run pool directs all fees towards coin development; sponsored pools, verified as reliable, donate a portion of their fees back to BTCP; verified pools are independently audited to ensure payments are made; unverified pools lack such scrutiny.
For this tutorial we will use http://btcprivate.pro – a sponsored pool. This pool stands out with its distinct features: it’s a larger pool with servers across the US, EU, and Asia, charges 1% with half redirected to the BTCP team, supports API and a customizable payment threshold feature, letting you bundle your payouts as per your schedule.
With our pool in place, it’s time to commence mining.
CPU Mining
For Equihash mining via CPU, options are limited. Though Minergate offers simplicity, I avoid it due to profit cuts. Instead, the trusted choice remains Nicehash’s nheqminer. Precompiled binaries for both Windows and Linux can be downloaded. .
In terms of profitability, CPU mining falls short when compared to GPU mining.
GPU Mining – Nvidia
For Nvidia-driven GPU mining, EWBF's CUDA miner is my top pick, despite a 2% fee being levied. It supports both Windows and Linux, with further details and downloads available on its official platform. https://bitcointalk.org/index.php?topic=1707546.0
Post-download, getting it operational is straightforward.
Create a batch or script file (for Linux users) within the miner’s directory and input the following:
miner --server miningpool --port port --user wallet_public_key.worker --pass x --pec
Substitute “miningpool” with your chosen server (options include eu.btcprivate.pro, us.btcprivate.pro, asia.btcprivate.pro).
Opt for port “2827,” as it remains the sole available port.
Your wallet's public key replaces “wallet_public_key.” Stick to transparent addresses beginning with ‘b’ instead of shielded ones starting with ‘z’.
The “Worker” label is optional, primarily beneficial with multiple machines. Example: differentiate computers with labels like b1PR4MkpD5BpRu6BUbX1uCz9ptuPzjoY3FP.officecomputer and b1PR4MkpD5BpRu6BUbX1uCz9ptuPzjoY3FP.gamingcomputer.
Utilize the pool’s dashboard for individual tracking.
Launch the batch file to operate the miner, revealing the following display.
In the illustrated interface, the red arrow highlights detected GPUs. The blue arrow showcases each GPU's temperature and speed, collectively and individually. Meanwhile, the green arrow denotes power consumption per GPU.
GPU Mining – AMD
For AMD-driven GPU mining, Claymore’s ZCash miner surfaces as an optimal choice with a 2.5% fee or 2% if using an SSL connection. Further information and downloads are available via its official page. https://bitcointalk.org/index.php?topic=1670733.0
For Linux users, access the version at https://github.com/nanopool/ClaymoreZECMiner/releases
Post-download, getting it operational is straightforward.
Create a batch or script file (for Linux users) within the miner’s directory and input the following:
setx GPU_FORCE_64BIT_PTR 1 setx GPU_MAX_HEAP_SIZE 100 setx GPU_USE_SYNC_OBJECTS 1 setx GPU_MAX_ALLOC_PERCENT 100 setx GPU_SINGLE_ALLOC_PERCENT 100 ZecMiner64.exe -zpool miningpool:port -zwal wallet_public_key.worker -zpsw x -allpools 1 -i 8 -asm 1
Linux setups omit all setx commands.
Substitute “miningpool” with your chosen server (options include eu.btcprivate.pro, us.btcprivate.pro, asia.btcprivate.pro).
Opt for port “2827,” as it remains the sole available port.
Your wallet's public key replaces “wallet_public_key.” Stick to transparent addresses beginning with ‘b’ instead of shielded ones starting with ‘z’.
The “Worker” component serves the same purpose when dealing with several mining setups, allowing distinctions like b1PR4MkpD5BpRu6BUbX1uCz9ptuPzjoY3FP.officecomputer and b1PR4MkpD5BpRu6BUbX1uCz9ptuPzjoY3FP.gamingcomputer.
Utilize the pool’s dashboard for individual tracking.
For potent GPUs (1GB+ memory), skip to #5 under troubleshooting even if operation seems unaffected.
Launch the batch file to operate the miner, revealing the following display.
The initial image confirms all available GPUs (such as the 3 Vega GPUs in the example) are identified by the miner.
The subsequent image indicates GPU temperatures and fan speed (red arrow) while displaying individual and total GPU speeds (blue arrow).
When encountering difficulties, try these strategies.
- Consider -asm 0, or not utilizing the asm flag, except Vega cards necessitate -asm 1 to avoid errors.
- Avoid setx commands if possible; these were essential for overcoming openCL errors on Vega cards.
- For pool errors, experiment with the -allpools flag.
- If miner instability occurs, lowering intensity using -i 6 over -i 8 might help.
- Virtual memory shortages can be an issue. Vega cards, for example, may require around 16GB each. Adapt by accessing Control Panel -> System and Security -> System, opting for Advanced system settings, and customizing virtual memory to the needed size.
General Troubleshooting
Watch out for stale or rejected shares. Excessive stale shares warrant trying a closer server. Abundant rejected shares suggest an intensity reduction is advisable.
What’s the Potential Daily Earning from Bitcoin Private Mining?
To calculate potential earnings, use http://whattomine.com and use their calculator. For example https://whattomine.com/coins/167-zcl-equihash Input speed, power consumption, and electricity expenses for a rough ZCL mining outcome and USD value.
As BTCP launched recently, no calculator exists, yet a rudimentary formula offers an estimate.
block_reward / ((network_hash_rate/your_hash_rate*block_time) / (60*60*24)) * percentage
For BTCP we have:
- block_reward = 1.5625
- network_hash_rate = continuously fluctuates. Referencing the homepage image, it’s 25.24Msol/s, equating to 24.25*1000*1000 = 24250000 sol/s http://www.btcprivate.pro your_hash_rate = approximately 1383 as per the AMD system image
- block_time = expected to be around 3 minutes (180 seconds)
- percentage = starts at 100%, accounting for a 3.5% fee (1% pool + 2.5% miner) leaves 96.5%
- Expect an approximated outcome of 0.041 BTCP daily.
With our example we would get
1.5625 / ((24250000/1383*180) / (60*60*24)) * 96.5% = 0.041
That completes the mining setup. Ensure your public key appears on the mining pool dashboard for analytics and tailored payout configurations.
With a background in web and software development and cybersecurity, I ventured into the crypto arena in 2013, focusing on mining, trading, and content creation since 2016. Reach me at [email protected].
5Comments
The payouts rely on total network hashes. While Whattomine has a calculator, I recommend utilizing it over manual formulas.
BTCP operates on equihash with block-specific difficulty recalibrations.
https://whattomine.com/coins/230-btcp-equihash
For transactions, miner confirmations are necessary.
Ma quindi e’pow o pos ?
Low nethash in BTCP raises vulnerability to 51% attack risks.
At the technical forefront, BTCP utilizes equihash with dynamic extraction difficulty.
Effective nethash positioning is essential for BTCP to counter 51% attack scenarios.
But then e’pow or pos?
because the tx is always a miner that
What's the role of the –pass option? What should be inputted as a password here?
Encountering a Stratum authorization error? What should I adjust?
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